Nordea Asset Management (NAM) has announced that it will retain or add the term “sustainable” to the names of 17 of its Nordea 1 SICAV funds, positioning itself early for compliance with the European Securities and Markets Authority’s (ESMA) new guidelines on fund naming. The move comes ahead of ESMA’s sustainability-related ...
DWS Fined €25 Million in Germany Over Greenwashing Allegations
Deutsche Bank’s asset management arm, DWS, has been fined €25 million (approximately USD $27 million) by German authorities for misleading investors about its sustainable investing practices. The fine concludes a multi-year greenwashing investigation led by the Frankfurt public prosecutor’s office. The probe, which bega...
Microsoft Backs India’s Largest Nature-Based Carbon Removal Project
Microsoft has signed its largest carbon removal agreement in the Asia-Pacific region, securing 1.5 million tonnes of carbon removal credits from the Panna afforestation project in Madhya Pradesh, India. The initiative, covering 20,000 hectares, is expected to sequester three million tonnes of CO₂ over three decades while support...
GreenLine Commits $1B to Revolutionize Indian Freight with LNG and Electric Truck Fleet
GreenLine Mobility Solutions, backed by the Essar Group, is launching a $1 billion green logistics push to dramatically scale its fleet of low-emission trucks and build national infrastructure to support the transition. The Mumbai-based company, which currently operates 650 liquefied natural gas (LNG) trucks, plans to grow to 10...
EU Launches Ambitious 2025–2030 Ecodesign Plan Targeting Key Industries
The European Commission has unveiled its 2025–2030 work plan under the Ecodesign for Sustainable Products Regulation (ESPR) and Energy Labelling Regulation, setting the stage for a sweeping transformation in how products are designed, made, and marketed across the EU. The initiative aims to accelerate the transiti...
UK Relaxes EV Mandate Amid U.S. Tariff Pressure and Auto Industry Strain
In response to rising global trade tensions and steep U.S. tariffs, the UK government has announced a strategic easing of its Zero Emission Vehicle (ZEV) Mandate, aiming to reduce pressure on domestic automakers and preserve industry competitiveness. The move follows former U.S. President Donald Trump’s imposition of&nbs...