Sustainability News for Technology Partners: 27 June 2023

Here is today’s sustainability news, research and analysis for technology partners, management consultants, CIOs, chief sustainability officers (CSOs) and c-suite members.

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A. Sustainable Technology, Talent, Partnerships and Alliances

1. Chief Sustainability Officers Database: Our database of chief sustainability officers now spans 287 CSOs. Today's addition is Valerie Bernard, chief human resources and sustainability officer at Deezer, a global music streaming service.

2. Partnership - ESG Consulting: B2i Technologies and McAlan LC have formed a strategic alliance to educate executive teams and corporate boards about ESG and associated business strategies. B2i Technologies has specialized in investor relations digital services since 2000. McAlan is a boutique provider of information, advice and solutions for sustainable business success.

3. Bankruptcy - Electric Vehicles: U.S. electric truck manufacturer Lordstown Motors filed for bankruptcy protection and put itself up for sale after failing to resolve a dispute over a promised investment from Taiwan's Foxconn, Reuters reported.

4. Partnership - ESG Benchmarking Software: Diligent has partnered with sustainability tech provider Clarity AI to launch an ESG module. The module provides "organizations and investors greater transparency into ESG scores and how a company’s climate data measures against the wider market," Diligent said.

B. Sustainability M&A, Investments and Funding

1. All M&A Activity: Our M&A database has now tracked 85 mergers and acquisitions involving sustainability so far in 2023. See all M&A deals involving sustainability listed here.

C. Regional and Global Sustainability Policies and News

1. United Kingdom - ESG Investor Concerns: Investors in the UK are starting to worry that the anti-ESG movement may spread from the US and get a foothold on the other side of the Atlantic, Bloomberg reported.

2. Germany: The country has approved only about 6% of the new high-voltage power lines needed to achieve a fully green power system, Bloomberg reported, highlighting the uphill battle the country faces to reach grid expansion goals, energy regulator Bundesnetzagentur said.

3. China: Poman Lo, Regal Hotels Group vice chairman and managing director, has been appointed as a member of the Green Technology and Finance Development Committee. The committee has a twofold mission: Driving the development of green technology and finance in Hong Kong, as well as spearheading new goals and strategies for achieving carbon neutrality.

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