19th October 2021 News

The energy switch: Big Pharma harnesses sun, wind and water in quest for a low-carbon future

Renewable energy is one of the tools companies are leveraging to meet their decarbonization goals. From sales teams hitting the road in hybrid armadas to wind farms powering factories to on-site solar panels and more, pharma majors, contract manufacturers and rising biotechs alike are paving the way for more sustainable power options.Read more

Why gold sector M&A could be spurred by ESG

Agnico Eagle (TSE:AEM) will have a broader platform for environmental social governance initiatives if its proposed merger goes ahead, said Agnico Eagle CEO Sean Boyd.

Boyd spoke to Kitco on Tuesday. Earlier this month, Agnico Eagle and Kirkland Lake Gold (TSE:KL) announced a merger. Boyd sees an opportunity as more investors look at ESG investments.

“As the gold sector looks at consolidation, one of the opportunities is around ESG,” said Boyd.Read more

Inoes to invest over €2 billion in Green Hydrogen Production

INEOS, a chemical firm, revealed today intentions to invest more than €2 billion in green hydrogen production across Europe, with units planned in Norway, Germany, and Belgium, as well as investments in the United Kingdom and France. The news, according to the firm, is Europe’s greatest ever investment in green hydrogen. The news comes after INEOS announced a number of environmental measures last year, including pledges to invest in hydrogen technology as a fundamental element of its future business. INEOS’ INOVYN business is already Europe’s largest existing operator of electrolysis, and the firm has considerable expertise with hydrogen storage and processing.Read more

TCFD support skyrockets as climate risks and opportunities reporting creeps up

p style=”text-align: justify;”>Over 1,000 more organisations have joined the Task Force on Climate-Related Financial Disclosures (TCFD), increasing the total market capitalization of all sponsors to $25.1 trillion (£18.3 trillion). According to the study, the number of organisations endorsing the Task Force’s recommendations grew by more than a third year over year, the largest yearly rise to date. As has always been the case, expressing support does not imply full agreement with the TCFD’s recommendations, which are intended to assist businesses in assessing and mitigating their climate risks and opportunities by assigning a monetary value to them and tracking them across a range of future global scenarios.Read more

ESG Chronicle Team