Here’s the Daily ESG Digest for November 10th, Thursday.
1. (Global) Net Zero Emission Rules. A UN-backed group of sustainability, business, finance and government leaders unveiled a series of recommendations aimed at developing clearer standards for net zero pledges made by businesses and other non-state entities, and avoid the use of the commitments for greenwashing. (Link)
2. (North America) Electric Trucks with Fossil-Free Steel. As the world’s first manufacturer to do so, Volvo has begun using fossil-free steel in its trucks. The first electric trucks with fossil-free steel are now being delivered to customers. (Link)
3. (Oceania) Energy Transition Acceleration. Brookfield Asset Management Inc. led a A$18.4 billion ($11.8 billion) offer to acquire utility Origin Energy Ltd., its latest bid to add exposure to Australia’s accelerating shift away from fossil fuels. Under Brookfield’s plan, an additional A$20 billion will be invested by 2030 in Origin’s transition strategy, including adding more capacity in renewable power and energy storage. (Link)
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