Repsol has officially launched electricity production at Antofagasta Phase 1, its largest wind energy project to date and one of the biggest renewable facilities in Chile. Located in Taltal in the Antofagasta region, the 364 MW wind farm represents a €400 million investment and a key milestone in Repsol’s independent renewable e...
Cargill Moves to Fully Acquire SJC Bioenergia
Cargill is set to take full ownership of SJC Bioenergia by acquiring the remaining 50% stake in the Brazilian sugar-energy company, marking a significant expansion of its role in the country’s renewable energy sector. The acquisition, which remains subject to regulatory approval from Brazil’s Administrative Council for Econom...
Schroders and Cornell Launch Climate Resilience Framework to Tackle Rising Risks in Apparel and Beyond
Schroders, the global asset management firm, has teamed up with Cornell University’s Global Labor Institute (GLI) to unveil a new stewardship framework aimed at strengthening corporate resilience in sectors most vulnerable to climate change. The initiative targets industries such as apparel, food, and construction, where physica...
Santiago Adopts Google’s AI to Ease Traffic and Cut Emissions
Commuters in Santiago, Chile, spend over 100 hours each year idling at traffic lights—fueling both congestion and emissions. Now, the city is turning to artificial intelligence for relief. Santiago has joined 15 global cities in deploying Google’s Green Light project, an AI-powered system that optimizes traffic signal timing ...
ESG Funds Face Reckoning Over Russia Exposure
In:
Green Finance
As Russia’s war on Ukraine rages on, a new analysis reveals that ESG fund managers held at least $8.3 billion in Russian assets just before the invasion—despite marketing themselves as champions of environmental, social, and governance standards. According to Bloomberg’s review of around 4,800 ESG funds—representing ove...
IFC Launches Overhaul of $4.5 Trillion Sustainability Framework to Align with Global ESG Demands
The International Finance Corporation (IFC) has initiated a sweeping, multi-year review of its Sustainability Framework—one of the most influential environmental and social safeguard systems for private sector investments in emerging markets. The update, set to conclude in 2028, will bring the framework in line with evolving glo...