Author: Dashveenjit Kaur

E-commerce giant slashes emissions by 63.5% and powers over half of its data centres with clean energy, accelerating towards 2030 carbon neutrality. In a move echoing Amazon’s recent renewable energy milestone, Chinese e-commerce giant Alibaba Group has made significant strides in its sustainability efforts, showcasing how tech leaders are setting the pace for corporate environmental responsibility. While Amazon announced it had matched 100% of its global electricity consumption with renewable energy in 2023, Alibaba’s latest environmental, social, and governance (ESG) report reveals impressive progress of its own, with over 56% of electricity in its self-built data centres now coming from clean sources.…

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New EcoStruxure IT features offer automated reporting and AI-driven insights to boost data centre efficiency and meet upcoming EU energy regulations. Schneider Electric has introduced new sustainability reporting features for its EcoStruxure IT software to enhance data centre efficiency and environmental monitoring. This update results from three years of strategic investment and rigorous development as organisations prepare to meet upcoming regulatory requirements for energy consumption reporting. The new features are designed to improve users’ ability to track and potentially reduce their data centres’ energy usage. With the integration of AI and real-time monitoring, the upgraded EcoStruxure IT platform now provides users with…

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AWS, Google, Meta, and Microsoft spearhead push for Environmental Product Declarations as AI boom threatens climate goals In an unprecedented move driven by the surge in AI workloads, some of the world’s largest technology companies have issued a joint call to action, urging their data centre suppliers to provide detailed environmental impact data for their products and materials. The open letter, released under the iMasons Climate Accord (ICA) banner, highlights the growing urgency to address embodied carbon emissions in digital infrastructure as artificial intelligence workloads surge. Amazon Web Services, Google, Meta, Microsoft, and Schneider Electric are among the signatories of this…

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PwC survey reveals 79% of Dutch companies confident in CSRD Readiness, reshaping business decisions across Europe. As companies across the European Union prepare to report under the EU’s Corporate Sustainability Reporting Directive (CSRD), a new survey by PwC reveals that the increased focus on sustainability disclosures is leading businesses to give more weight to environmental and social factors in their decision-making processes. The CSRD, which significantly expands sustainability reporting requirements for thousands of companies operating in the EU, is driving a shift in corporate mindsets and practices around sustainability. The CSRD aims to improve the quality, consistency and comparability of…

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ESG

As cities worldwide grapple with the urgent need to reduce carbon emissions, one startup is positioning itself at the forefront of a real estate revolution. Scaler, ESG software startup, has just secured €9.2 million ($10 million) in Series A funding to scale its ambitious mission: empowering real estate professionals to measure, manage, and dramatically reduce the carbon footprint of their assets. The latest funding round, led by Plural with participation from previous investor Base10, signals a vote of confidence in Scaler’s approach and the growing demand for sustainable real estate solutions. As we delve deeper into how this capital injection…

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ESG

Dutch asset management powerhouse Robeco is making waves in the sustainable investment sector by launching an innovative fund range to capture the growing potential of companies transitioning to greener practices. This strategic initiative encompasses two new equity strategies and the repositioning of two existing fixed-income funds, all tailored to harness the untapped potential of sustainable transitions, particularly in emerging markets and Asia.  By focusing on businesses at the cusp of their sustainability journey, Robeco is positioning itself at the forefront of a transformative shift in global finance. The newly introduced equity strategies, Robeco Emerging Markets Climate Transition Equities and Robeco Transition Asian Equities,…

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Amazon’s claim of achieving 100% renewable energy seven years ahead of schedule is a significant milestone, but a closer look reveals both the complexities of corporate climate action and the challenges that lie ahead. Five years ago, in 2019, Amazon committed to powering its entire global operations with 100% renewable energy by 2030. The e-commerce giant became the largest corporate purchaser of renewable energy for four consecutive years, investing billions in more than 500 solar and wind projects worldwide, generating enough energy to power 7.6 million US homes. Fast-forward to this week and Amazon took many by surprise when it…

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