Tag Archives: sustainability

BASF Honored as General Motors’ 2023 Supplier of the Year for the 17th Time

(IN BRIEF) General Motors (GM) has named BASF as its 2023 Supplier of the Year, marking the 17th time BASF has received this prestigious award in GM’s 32-year history of recognition programs. The award highlights BASF’s commitment to providing high-quality … Read the full press release

Siemens Unveils Groundbreaking Innovations for Sustainable Industrial Transformation at Hannover Messe 2024

(IN BRIEF) At Hannover Messe 2024, Siemens unveils an array of cutting-edge technologies aimed at fostering sustainable transformation in the industrial sector. Among the highlights are the integration of Siemens Industrial Copilot into various industries, showcased in collaboration with partners … Read the full press release

Henkel Adhesive Technologies Introduces HEART: A Game-Changer in Product Sustainability Reporting

(IN BRIEF) Henkel Adhesive Technologies, a global leader in adhesives, sealants, and coatings, has unveiled its innovative digital solution, the ‘Henkel Environmental Assessment Reporting Tool’ (HEART). Developed in collaboration with Henkel’s digital department and Capgemini, HEART automatically calculates the product … Read the full press release

EBRD Bolsters Serbian Automotive Lighting with €15 Million Loan for Energy-Efficient Expansion

(IN BRIEF) Feka Automotive, a prominent Serbian automotive lighting producer with ties to major global car manufacturers, including Toyota and Volkswagen, is set to undergo a significant expansion with the support of a €15 million loan from the European Bank … Read the full press release

EIB Invests €150 Million in Bhutan’s Renewable Energy Drive: A Step towards Carbon Neutrality

(IN BRIEF) In a landmark move, the European Investment Bank (EIB) has granted a €150 million loan to Bhutan, marking its first-ever investment in the country. This funding aims to bolster Bhutan’s renewable energy sector, particularly through the development of … Read the full press release

Siemens Launches Groundbreaking Technology Center at Garching Research Campus

(IN BRIEF) Siemens inaugurates the first building complex of the Siemens Technology Center (STC) at Garching Research Campus, marking a significant milestone in Germany’s technological advancement. The STC, situated alongside prestigious institutions like the Technical University of Munich (TUM), the … Read the full press release

Unilever Unveils Wonder Wash: A Breakthrough 15-Minute Laundry Detergent

(IN BRIEF) Unilever introduces Wonder Wash, a groundbreaking laundry detergent under its Dirt Is Good brand, designed to excel even in short 15-minute cycles. Leveraging robotics and AI, Unilever has developed a science-backed solution to address evolving laundry needs, catering … Read the full press release

Ahold Delhaize Establishes NextCo Advisory Board to Represent Next Generation Voices

(IN BRIEF) Ahold Delhaize, a global retail giant, introduces NextCo, an advisory board to the Executive Committee (ExCo), aiming to incorporate the perspectives of the next generation into strategic decision-making processes. Comprised of six Millennial leaders from key countries where … Read the full press release

Mercedes-Benz eActros 600 Enters Customer Testing with Contargo and Remondis

(IN BRIEF) Mercedes-Benz launches the customer testing phase for its battery-electric eActros 600, with Contargo and Remondis as the pioneering partners. The e-trucks, set to revolutionize long-distance haulage, will be utilized by Contargo for container transport between Wörth am Rhein … Read the full press release

Fortum Commits to Clean Energy Future with Malta Hydropower Plant Modernization

(IN BRIEF) Fortum embarks on a EUR 20 million investment to modernize the historic Malta hydropower plant in Uvån, Sweden, dating back to 1914. This extensive modernization aims to enhance the plant’s efficiency, extend its lifespan, and increase annual production … Read the full press release

Metsä Group and ANDRITZ Collaborate on Revolutionary Kuura Fiber Production

(IN BRIEF) Metsä Group partners with ANDRITZ to conduct a pre-study for a groundbreaking commercial mill dedicated to producing Kuura textile fiber, a sustainable product derived from Finnish wood. This collaboration aims to develop innovative pulp pre-treatment methods, integrate textile … Read the full press release

MYTILINEOS and Powerledger Revolutionize Energy Transparency in Greece

(IN BRIEF) MYTILINEOS Energy & Metals, in collaboration with Protergia and Powerledger, introduces groundbreaking energy provenance tracking and tracing features in Greece. This innovative partnership empowers consumers to track their energy sources in near real-time, visualize their carbon footprint, and … Read the full press release

EIB and Seine-Maritime Department Invest €150 Million in School Modernization

(IN BRIEF) The European Investment Bank (EIB) has signed a €150 million, 25-year finance contract with the French department of Seine-Maritime, aiming to modernize the learning environments of 13,000 pupils across the region. This initiative, part of the department’s Plan … Read the full press release

EIB Grants €400 Million Loan for Green Energy Grid Expansion in Thuringia

(IN BRIEF) The European Investment Bank (EIB) is providing a €400 million loan to Thüringer Energie AG (TEAG), a municipal energy supplier in Thuringia, Germany, to upgrade and digitize the electricity grid. This investment, totaling around €600 million, aims to … Read the full press release

PUMA x Mercedes-AMG PETRONAS F1 Team: Unveiling the Crews Go Summer Collection

(IN BRIEF) PUMA collaborates with the Mercedes-AMG PETRONAS F1 Team to introduce the Crews Go Summer Collection, seamlessly blending the team’s iconic identity with casual streetwear silhouettes. Each piece in the collection, from hoodies to shorts and shirts, exudes track … Read the full press release

MAHLE’s Remarkable Rebound: Record Sales and Strategic Success in 2023

(IN BRIEF) MAHLE, a leading automotive supplier, marks a significant turnaround in its business trajectory with record sales of €12.8 billion in 2023, despite global challenges and rising costs. The company reports a positive group result and a notable increase … Read the full press release

Covestro Unveils Innovative Textile Solutions at Techtextil 2024

(IN BRIEF) Covestro, a leading polymer manufacturer, showcases its latest innovations at Techtextil 2024 in Frankfurt. With a focus on sustainability and productivity, Covestro presents four teams highlighting its diverse portfolio, including waterborne INSQIN® products for sustainable textile coatings, Desmomelt® … Read the full press release

DNV Unveils Billion-Dollar Opportunity: Collaborative Decarbonization in ASEAN

(IN BRIEF) A new study by DNV reveals that collaborative efforts towards decarbonizing the energy supply in ASEAN member states could lead to a staggering reduction of USD 800 billion in costs by 2050. The study contrasts three scenarios: individual … Read the full press release

Evonik Showcases Sustainable Solutions at China Feed Industry Expo 2024

(IN BRIEF) Evonik is set to underscore the importance of supply security and sustainability in its amino acids portfolio at the China Feed Industry Expo 2024. With a focus on animal nutrition, the company will introduce its latest products and … Read the full press release

Amazonia Connect Initiative Promotes Sustainable Livestock Farming in Brazil

(IN BRIEF) Partners, producers, and stakeholders convened in Pará, Brazil, for a gathering centered around sustainable livestock farming, organized as part of the Amazonia Connect program. Hosted by consortium partners including USAID, Solidaridad, Earth Innovation Institute, National Wildlife Federation, and … Read the full press release

Multilateral Development Banks Unveil Global Vision for Circular Finance at WCEF 2024

(IN BRIEF) During the World Circular Economy Forum (WCEF) 2024 in Brussels, leading multilateral development banks (MDBs) presented their Circular Economy Working Group’s shared vision on the role of MDBs in supporting the circular economy. The session, titled “Shaping a … Read the full press release

EIB Board Greenlights €4.3 Billion Investment Across Europe for Sustainable Development

(IN BRIEF) The European Investment Bank (EIB) Board of Directors approved €4.3 billion in financing for projects spanning Austria, Czech Republic, France, Germany, Hungary, Italy, Lithuania, and Slovakia. The funding will support sustainable transport, renewable energy, water and waste treatment, … Read the full press release

Multilateral Development Banks Unveil Shared Vision for Circular Economy at WCEF 2024

(IN BRIEF) During the World Circular Economy Forum (WCEF) 2024, Multilateral Development Banks (MDBs) revealed their collaborative vision on the role of MDBs in advancing the circular economy. Emphasizing the significance of circularity in achieving sustainable and equitable development, MDB … Read the full press release

EIB President Leads Delegation to Washington DC for Multilateral Development Meetings

(IN BRIEF) The European Investment Bank (EIB) Group, led by President Nadia Calviño, is set to participate in the 2024 Spring Meetings of the International Monetary Fund and the World Bank Group in Washington DC. The delegation, including Vice-Presidents Ambroise … Read the full press release

Lviv Completes Urban Mobility Upgrade with New Tram Fleet Amid War, Thanks to EIB Loan

(IN BRIEF) Lviv, a city in western Ukraine, celebrates the successful implementation of a project aimed at enhancing urban mobility, marked by the acquisition of ten low-floor trams. Financed by a €17.4 million loan from the European Investment Bank (EIB), … Read the full press release

BII and FMO Join Forces to Propel BECIS’ Clean Energy Expansion in South and South-East Asia

(IN BRIEF) British International Investment (BII) and FMO have collaborated to provide a joint loan commitment of US$50 million to BECIS, a leading Energy as a Service (EaaS) provider in South-East Asia. This financing will support BECIS’ ambitious plans to … Read the full press release

Hydro Energi AS Secures Long-Term Power Deal with Swiss Provider Alpiq

(IN BRIEF) Hydro Energi AS recently finalized a significant long-term power purchase agreement (PPA) with Swiss energy provider Alpiq, spanning from 2025 to 2033. The agreement entails the delivery of 0.54 TWh of power, contributing to Hydro’s Nordic power portfolio, … Read the full press release

Lloyds Bank Completes Groundbreaking Paperless Trade Deal Using eBL and dPN

(IN BRIEF) In a significant milestone for digital trade, Lloyds Bank has executed its first transaction employing an electronic Bill of Lading (eBL) on the WaveBL platform, marking a move towards entirely paperless exchanges in international trade. Partnering with Somerset-based … Read the full press release

Vinci Invests €50 Million in NatPower SA, Expands Renewable Energy Portfolio

(IN BRIEF) VINCI, a leading infrastructure and construction company, has completed a €50 million investment in NatPower SA, a renewable energy platform operating in Italy, Great Britain, and the United States. This investment involves acquiring 10% of NatPower SA’s share … Read the full press release

Chicony Power Recognizes Infineon as GaN Strategic Partner of the Year

(IN BRIEF) Chicony Power Technology has awarded Infineon Technologies AG the prestigious title of “GaN Strategic Partner of the Year” for 2023. This recognition highlights Infineon’s outstanding contributions as a top partner in gallium nitride (GaN)-based power supplies, particularly in … Read the full press release

AFRY’s Technical Advisory Fuels EnfraGen’s Acquisition Success in Latin America

(IN BRIEF) AFRY played a pivotal role as the technical advisor to EnfraGen in its acquisition of a 188 MW renewable energy portfolio in Panama and Costa Rica, earning the esteemed “Acquisition Deal of the Year” award. EnfraGen, a key … Read the full press release

FLSmidth Secures Major Service Contract for HPGRs in Chilean Iron Ore Mines

(IN BRIEF) A leading Chilean iron ore miner has entrusted FLSmidth with a multi-year contract to service its five High Pressure Grinding Rolls (HPGRs) across three mines in Chile, aiming to boost productivity and extend equipment lifespan. Despite the HPGRs … Read the full press release

EU Initiative Boosts Resilience for Western Balkans SMEs

(IN BRIEF) The European Union’s Western Balkans Enterprise Development and Innovation Facility (WB EDIF) launches the Guarantee for SME Resilience Initiative, injecting €60 million to enhance access to finance for small and medium enterprises (SMEs) in the region. Through partnerships … Read the full press release

Unveiling Genetic Responses: Study Illuminates Boron Deficiency Impact on Oilseed Rape Plants

(IN BRIEF) A collaborative study involving researchers from the Technical University of Munich, Bielefeld University, and the Leibniz Institute of Plant Genetics and Crop Plant Research sheds light on the genetic mechanisms underlying the detrimental effects of boron deficiency on … Read the full press release

RWE Embarks on Wind Farm Construction in Inden, Driving Renewable Energy Growth in Rhenish Lignite Area

(IN BRIEF) RWE, a key player in renewable energy, has commenced the construction of a new wind farm in the Rhenish lignite region, marking another milestone in the area’s energy transition. Set on recultivated land in the Inden opencast mine, … Read the full press release

Societe Generale Group Signs Divestment Deal with Saham Group, Eyes Strategic Partnership

(IN BRIEF) Societe Generale Group has finalized agreements with Saham Group to sell its shares in Société Générale Marocaine de Banques and La Marocaine Vie, pending regulatory approval. This divestment, aligned with Societe Generale’s strategic roadmap, aims to streamline operations … Read the full press release

RWE Launches US$2 Billion Green Bond, Eyes Expansion in Renewable Energy Market

(IN BRIEF) RWE, a leading renewable energy company, has successfully issued its first green US dollar bond, totaling US$2 billion, with maturities of 10 and 30 years and yields ranging from 5.926% to 6.261%. The bond, oversubscribed 3.8 times, signifies … Read the full press release

Estonia Accelerates Green and Digital Initiatives with €400 Million EIB Financing

(IN BRIEF) The European Investment Bank (EIB) has approved a €400 million loan tranche to Estonia, marking the second installment of a larger €700 million loan aimed at bolstering the Estonian economy. This financing, focused on green and digital investments, … Read the full press release

Barclays Strengthens Energy Transition Focus with New Co-Heads Appointment

(IN BRIEF) Barclays reinforces its commitment to supporting clients in transitioning to a low-carbon economy by appointing Rafael Abati as Co-Head of the Energy Transition Group (ETG) in EMEA, alongside Marie Freier. With almost two decades of experience from UBS … Read the full press release

East German States Lead Heating Transition, Setting Example for National Green Goals

(IN BRIEF) A survey conducted by E.ON reveals that the eastern German states are at the forefront of the heating transition, with almost three-quarters of homes renovated or partially renovated, largely due to post-reunification subsidies for building modernization. Brandenburg leads … Read the full press release