FridayFeb 07, 2025 10:00 am

EU Technology Consortium Commits to Tackling 6G ESG Concerns

Major organizations have joined forces to roll out an initiative focused on lessening the environmental impact of 6G mobile systems. The organizations, through a consortium dubbed EXIGENCE, hope to address the rising environmental toll of digital devices. The project will focus on optimizing service provision, measuring the consumption of energy, and encouraging behavioral changes among IT users, using incentives. It involves seven countries in the European Union as well as different partners in academic research, the telecom sector and digital transformation. Its partners include Huawei, Detecon, F6S, Eviden, Internet Institute, Instituto de Telecomunicações, Athens University of Economics and Business, National…

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FridayFeb 07, 2025 10:00 am

How SolarBank Corp. (NASDAQ: SUUN) (CSE: SUNN) (NEO: SUNN) (FSE: GY2) Advanced Clean Energy Transition with Community Solar Sites for Honeywell

The transaction value for the unique project, completed last year, included the sale and contracting agreement between Honeywell International and SolarBank, amounting to approximately $41 million. The 21MW DC ground-mount solar power projects, known as SB 13-1, SB 13-2 and SB-14, are located in upstate New York. The projects are expected to operate as community solar sites and be eligible to participate in the NYSUN program to receive NYSERDA incentives. Disseminated on behalf of SolarBank Corporation SolarBank (NASDAQ: SUUN) (CSE: SUNN) (NEO: SUNN) (FSE: GY2), a premier developer and owner of renewable and clean energy projects, specializing in distributed and…

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ThursdayFeb 06, 2025 10:00 am

Institutional Investors Continue to Consider ESG Despite the Ongoing Backlash

The return of President Donald Trump to the White House has negatively impacted ESG initiatives, particularly in areas related to investment strategies, corporate regulations, and climate policies. Amid the increasing backlash against ESG, financial giants like Morgan Stanley, Goldman Sachs, and JPMorgan have chosen to distance themselves from global climate initiatives like the Net-Zero Banking Alliance. Meanwhile, publicly listed firms like Bristol-Myers Squibb, Levi Strauss, and Pfizer are being pushed to scrap their DEI programs, objectives, and departments, with others like Meta and Amazon already scaling back/eliminating their DEI efforts. Despite these challenges, a recent study indicates that institutional investors…

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WednesdayFeb 05, 2025 10:00 am

SolarBank Corp. (NASDAQ: SUUN) (CSE: SUNN) (NEO: SUNN) (FSE: GY2) Intends to Enter Expanding Data Center Market Amid U.S. $500bn USD AI Infrastructure Pledge

SolarBank is pursuing opportunities as a developer, owner and strategic partner in data center infrastructure, a major energy-hungry expansion market fed by the growing AI and general technology drive. The company aims to deliver energy-efficient, carbon-reducing data center solutions that support both immediate needs and long-term growth. The global data center market is seeing exponential growth, expected to reach $395 billion USD by 2030, propelled by surging demand for artificial intelligence, cloud computing, big data analytics, and IoT. SolarBank is joining global tech giants invested in expanding data center capacity, including Amazon, Microsoft, Google, Meta Platforms, and Apple, and building…

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TuesdayFeb 04, 2025 10:00 am

SHEIN: Increasing Emissions, ESG Efforts, and Greenwashing Claims

SHEIN, a global e-commerce platform that specializes in fast fashion, has been working to strengthen its ESG efforts these last few years. Between 2019 and 2023, the company grew by over 1000%. In 2023, its estimated revenue totaled $32.5 billion. Chris Xu, its founder and CEO, stated that their mission was to make fashion accessible to everyone. He added, though, that producing affordable clothing and delivering it to consumers gave rise to challenges that had to be addressed. One of these challenges is the significant increase in emissions as global e-commerce grows. Between 2022 and 2023, the company reported 43%…

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FridayJan 31, 2025 10:00 am

Bloomberg Pledges to Avail Funding to Fill Gaps Resulting from America’s Withdrawal from Paris Agreement

Earlier this week, Michael Bloomberg announced that Bloomberg Philanthropies and other climate funders in America would provide funding to help fulfil the country’s obligations under the 2015 Paris Agreement. Bloomberg, a former mayor of New York City and United Nations Secretary General’s Special Envoy on Climate Ambition and Solutions, explained that this funding would ensure that America met its climate obligations, which include upholding America’s reporting commitments. This announcement comes after President Donald Trump signed an executive order to withdraw America from this climate coalition. Prior to its exit from this accord, the United States contributed over 20% of the…

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ThursdayJan 30, 2025 10:00 am

‘Greenhushing’ on the Rise as ESG Backlash Grows

Donald Trump’s win at the 2024 Presidential elections and his subsequent swearing in has seen America’s landscape begin to change, a shift that may also affect the world at large by minimizing focus on environmental policies and placing fossil fuels at the center of the discussion. This change is taking place alongside green hushing, which has influenced how many firms communicate, especially in the energy sector. So, what is greenhushing? This is when an organization or firm stays quiet about or downplays their sustainability practices and environmental efforts, despite making positive progress for the environment. Companies may avoid any discussions…

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WednesdayJan 29, 2025 10:45 am

SolarBank Corp. (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: GY2) Seals $49.5M USD Deal with Qcells for Four Major Solar Projects in New York

The projects, totaling 25.577 MW, will be developed as community solar initiatives, with SolarBank managing the construction, operation and maintenance of the projects. The projects will use U.S.-manufactured equipment, aligning with Qcells’ investment in domestic solar production, while incentives from New York’s NY-Sun Program will further enhance the projects’ viability. Qcells is investing nearly $2.8 billion USD into boosting U.S. domestic solar manufacturing and innovation to support and accelerate the U.S. clean energy transition. Disseminated on behalf of SolarBank Corporation SolarBank (NASDAQ: SUUN) (CSE: SUNN) (NEO: SUNN) (FSE: GY2), a premier developer and owner of renewable and clean energy projects,…

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TuesdayJan 28, 2025 10:00 am

BNP Paribas Decides to Rethink How it Defines Sustainable Finance

A senior executive at BNP Paribas revealed recently that the bank was focused on reimagining what it considered sustainable and reevaluating sustainable finance to center on profitability. BNP Paribas is a French multinational universal bank and financial services holding firm that provides global financial services and solutions in a changing world. This announcement comes after the bank distanced itself from ESG, following unsatisfactory returns from investments. Constance Chalchat, chief sustainability officer at the firm’s corporate and institutional banking division, explained that this move would help make sure that sustainable finance didn’t compromise profitability. Chalchat added that the bank was focused…

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MondayJan 27, 2025 12:00 pm

Aston Bay Holdings Ltd. (TSX.V: BAY) (OTCQB: ATBHF) at Forefront of Copper’s Growing Importance in Supporting a Sustainable World

Copper’s unique properties make it indispensable in modern technology. Aston Bay, a publicly traded mineral exploration company, is dedicated to discovering high-grade copper and gold deposits in North America. Aston Bay’s exploration and development efforts are crucial to meeting the escalating demand driven by the global shift towards sustainable energy and technology. As the global community intensifies its commitment to sustainability, the demand for essential resources such as copper has surged. This versatile metal is integral to numerous technologies that underpin a sustainable future, from renewable energy systems to electric vehicles. Ensuring a consistent and ecologically responsible supply of copper…

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