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Sustainable Technology News 08 July 2024: ClimateReady Tech Hub, ESGRI, More

July 8, 2024 by Joe Panettieri

Here is today’s sustainable IT services news, research and analysis -- written for technology partners, green IT service providers, CIOs, chief sustainability officers (CSOs) and climate accounting professionals.

A. Sustainable Technology, Talent, Partnerships and Green IT Alliances

1. Free ESG Benchmarking Tool: ESG Reporting Intelligence (ESGRI) has launched a free business ESG health check. Completing the short health check "provides a first step for small to medium companies globally to benchmark current performance and commence their ESG journey," the company said.

2. Solar Energy Company Investigation: SunPower is facing an SEC investigation, and Ernst & Young has resigned as the solar company's independent accountant amid concerns about SunPower's financial practices, an SEC filing on July 3, 2024, revealed.

B. Sustainability M&A, Investments, Funding and Green IT Business Launches

1. Incubator: Keep an eye on the ClimateReady Tech Hub of South Florida. The hub works with public, private, academic, and philanthropic partners to commercialize and deploy climate technology. Moreover, the scales climate resilient infrastructure built in South Florida.

2. Carbon Removal Startups: There are now 800 carbon removal startups, Bloomberg reports, but how many is too many?

3. Complete M&A List: Here's our database of all M&A deals involving green IT and renewable energy buyers, sellers and investors.

C. Regional and Global Sustainability Policies and News

1. Green Countries: Vatican City apparently will become the eighth country worldwide to achieve 100% green energy, ESG News reported. Albania, Bhutan, Nepal, Paraguay, Ethiopia, Iceland and Congo already generate over 99.7% of their electricity from renewables, the report said.

2. United States - ESG Investing Debate: A challenge to a Biden administration rule allowing socially conscious investing by employee retirement plans will present an early test of how courts will scrutinize federal regulations, Reuters reported, after the U.S. Supreme Court said they no longer have to defer to the expertise of the agencies that issued them.

3. United States - Massachusetts Energy Transition: A new Energy Transformation Advisory Board is "charged with guiding the state’s transition from fossil fuels to renewable energy," NBC Boston reported. Massachusetts has set a goal of a 50% reduction in greenhouse gas emissions by 2030 and net-zero emissions by 2050, the report noted.

4. European Union - Energy Charter Treaty Exit: The European Union in June 2024 took the final and formal step of exiting the Energy Charter Treaty

5. Switzerland Regulations: The Swiss Federal Council has commenced a consultation on proposed amendments to the Swiss Code of Obligations that would introduce significantly expanded sustainability reporting requirements, legal firm Ropes & Gray reported.

6. Japan - Energy Transition: Japan can triple its renewables capacity and aim to phase out coal power by 2035, a group of companies and NGOs said, as it urged the government to be more ambitious in accelerating its energy transition, Bloomberg reported.

7. China - Solar Energy Industry Technology Glut: China’s floundering solar sector will continue to face tough times in the short-term, major manufacturer Longi Green Energy Technology Co. said, as an oversupplied market keeps profits suppressed, Bloomberg reported.

D. Sustainability and Green Technology Conference Calendar

  1. Sun Valley Forum 2024 (July 15-18, Ketchum Idaho)
  2. CSR and Sustainability Summit MOZ 2024 (July 17-18, Mozambique)
  3. Siemens Transform 2024 (July 17-18, United Kingdom)
  4. ITAD 2024 (July 23-24, Miami Beach, Florida)
  5. XeroCon Nashville 2024 (August 14-15, Nashville, Tennessee)
  6. Complete Calendar of Sustainability Conferences

E. Previous Updates & Future News

  1. Did You Miss Yesterday's Daily Update?: Here is our previous sustainability, green IT and renewable energy news for technology partners.
  2. Future Updates: If you have news to share then please email me the details.
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