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Meta Builds New Data Center with Wood to Cut Carbon Footprint
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Facebook, Instagram and WhatsApp owner Meta announced a new initiative aimed at cutting the embodied carbon footprint of its data centers, piloting the use of mass timber in the construction of the facilities, in place of emissions-intensive materials such as steel and concrete. Steel and concrete are among the most significant sources of greenhouse gas…
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Texas Judge Greenlights Multi-State Lawsuit Accusing BlackRock, Vanguard, State Street of Using Climate Initiatives to Manipulate Energy Markets
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A U.S. federal judge has denied motions to dismiss most of the claims in a multistate lawsuit accusing asset managers BlackRock, Vanguard and State Street of violating antitrust laws and conspiring to use sustainable investment initiatives to manipulate coal markets, allowing the case to proceed. In statements received by ESG Today from the asset managers,…
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KKR Commits $170 Million to Grow Clean Energy Platform Greenvolt
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Clean energy developer and producer Greenvolt announced today a €150 million (USD$171 million) share capital increase, fully subscribed by alternative asset and private equity investor KKR, aimed at supporting its growth, with a particular focus on its large-scale battery storage solutions. Founded in 2021, Portugal-based Greenvolt was acquired by KKR in 2024 for €1.2 billion….
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Barclays Reports £500 Million in Sustainable Finance Revenues
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UK-based bank Barclays published a new sustainability-focused presentation for investors, revealing that revealed that it earned approximately £500 million (USD$660 million) in revenues from sustainable and transition finance activities in 2024, and indicating that its sustainable and transition finance volumes have accelerated over the past few months. In the H1 2025 sustainability presentation, Barclays also…
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21 States Warn BlackRock, JPMorgan Against Considering Sustainability as a Long-Term Risk Factor in Investments
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A group of state treasurers and financial officers from 21 U.S. states* has sent a series of letters to the CEOs of several major investment firms including BlackRock, JPMorgan Chase, Goldman Sachs, and others,** warning the firms against embedding sustainability and climate considerations – or even the EU’s CSRD regulation – in their investment strategies…