Global Climate News

Nordea's Lead ESG Expert discusses biodiversity challenges, corporate sustainability reporting requirements, and upcoming national biodiversity strategies. Companies must now address nature-related impacts across their value chains.

Nordea has engaged with oil and gas companies through field trips to Texas and Calgary, promoting OGMP 2.0 membership for methane emissions reduction. 14 companies have joined the initiative targeting 45% reduction by 2025.

PSA Singapore and Evergreen Marine Corporation have formed a joint venture terminal in Singapore to enhance operational efficiency and sustainability, with operations starting end of 2024.

IBM released State of Sustainability Readiness Report 2024 and launched multiple AI-powered tools for sustainability, including Envizi ESG planning, Maximo asset management, and partnerships with WWF and UNDP.

Onyx Solar has launched new walkable solar tiles for floors, suitable for terraces, sidewalks, and patios. The company has supplied photovoltaic panels to Apple and Spanish institutions including Valencia's City of Arts and Sciences.

Net-Zero Banking Alliance released 2024 Progress Report showing strong progress in banks' climate commitments. Nordea, the only Nordic bank in NZBA Steering Group, highlighted for its transition assessment tool.

Port of Rotterdam and Singapore completed pilot for bunkering 100 tonnes of liquefied bio-methane, supporting green shipping corridor initiative. Shell supplied LBM to CMA CGM vessel with sustainability certification.

SolarEdge has announced closure of its utility-scale energy storage division and Sella 2 battery manufacturing facility in South Korea, cutting 500 jobs while maintaining residential and C&I storage solutions.

KPMG's 2024 Survey reveals Singapore leads in sustainability reporting with 76% of top companies recognizing climate risks, increased board accountability, and 84% ESG integration in annual reports.