Prathamesh Devlekar, Author at EcoActive ESG

Prathamesh Devlekar

165 articles published

Promoting Indigenous Voices and Perspectives in ESG Initiatives: A Path to Inclusive and Sustainable Reporting

BlogsSeptember 12, 2023509Views 0Likes 0Comments

1. Promoting Indigenous Voices and Perspectives Promoting Indigenous voices and perspectives is of paramount importance in our collective journey toward a more inclusive and sustainable future. Indigenous communities possess a wealth of knowledge and wisdom that has been cultivated over generations, offering invaluable insights into holistic sustainability and harmonious coexistence with the natural world. By amplifying…

UK Government Shortlists Green Hydrogen Projects, Backed by Schroders Greencoat, for Funding

NewsAugust 24, 2023348Views 0Likes 0Comments

August 23, 2023 Three projects being developed by Green Hydrogen Company (GHECO), a joint venture formed earlier this year by Schroders Greencoat and Carlton Power, have been progressed to bilateral negotiations in the first hydrogen allocation round (HAR1) of the UK Government’s Net Zero Hydrogen Fund. The projects, each originated by Carlton Power, represent part of GHECO’s…

TotalEnergies Acquires 40% Interest in CO2 Storage Exploration License Offshore Norway

NewsAugust 24, 2023355Views 0Likes 0Comments

August 22, 2023 TotalEnergies has signed an agreement with CapeOmega Carbon Storage AS, a wholly owned subsidiary of CapeOmega AS, to acquire the 40% participating interest held by CapeOmega in the CO2 storage exploration license ExL004 (the “Luna” project). Located 120 km offshore Bergen in 200 m water depth, ExL004 covers an area of 453 km2. It…

Commission Adopts Detailed Reporting Rules for the Carbon Border Adjustment Mechanism’s Transitional Phase

NewsAugust 24, 2023328Views 0Likes 0Comments

August 17, 2023 The Implementing Regulation details the transitional reporting obligations for EU importers of CBAM goods, as well as the transitional methodology for calculating embedded emissions released during the production process of CBAM goods. In the CBAM’s transitional phase, traders will only have to report on the emissions embedded in their imports subject to the mechanism…

U.S. Department of Energy Announces Over $450 Million to Increase Access to Rooftop Solar Power for Puerto Rico Residents

NewsJuly 31, 2023309Views 0Likes 0Comments

July 31, 2023 The U.S. Department of Energy (DOE) announced up to $453.5 million from the Puerto Rico Energy Resilience Fund (PR-ERF) aimed at increasing residential rooftop solar PV and battery storage installations across the region, with a focus to reach and support Puerto Rico’s most vulnerable residents. This round of funding will provide consumer protection and education…

Sustainable Finance: Commission Adopts the European Sustainability Reporting Standards

NewsJuly 31, 2023287Views 0Likes 0Comments

July 31, 2023 The Commission has today adopted the European Sustainability Reporting Standards (ESRS) for use by all companies subject to the Corporate Sustainability Reporting Directive (CSRD). This marks another step forward in the transition to a sustainable EU economy. Mairead McGuinness, Commissioner for Financial Services, Financial Stability and Capital Markets Union, said: “The standards we have…

Interoperable Data is The Key to Better Carbon Emissions Reporting

NewsJuly 23, 2023351Views 0Likes 0Comments

July 23, 2023 The accurate reporting of greenhouse gas emissions is essential for driving sustainability in both countries and corporations, argues Liv Watson (senior digitisation advisor for Capitals Coalition) and Marian Van Pelt (senior vice president of climate and clean energy at ICF International) in a recent article. However, the current gap in underreported emissions is estimated…

FSB Continues Progress on Climate-Related Financial Risks

NewsJuly 23, 2023297Views 0Likes 0Comments

July 23, 2023 In July 2021 the Financial Stability Board (FSB) released a comprehensive Roadmap, which aims to strengthen risk management practices and enhance financial system resilience to climate-related risks. It outlined key actions to be taken in four areas: firm-level disclosures, data, vulnerabilities analysis, and regulatory practices. In a recent progress report, the FSB takes stock…

EU Missions On Track To Meet Their 2030 Ambition Towards a Greener and Healthier Continent

NewsJuly 20, 2023299Views 0Likes 0Comments

July 20, 2023 During their first two years, the EU Missions in Horizon Europe have supported the Commission’s work on the European Green Deal, making Europe fit for the Digital Age, and Europe’s Beating Cancer Plan. Since their inception, EU Missions have demonstrated their potential to accelerate change. Supported primarily by Horizon Europe funding, they have…

IFC Boosts Access to Finance for Women-Owned, Climate-Focused Smaller Businesses in Türkiye

NewsJuly 20, 2023385Views 0Likes 0Comments

July 20, 2023 A landmark new investment by IFC is aiming to boost access to finance for Türkiye’s SMEs–with a focus on women-owned smaller businesses and those helping the country adapt to climate change. IFC is providing $75 million in subordinated debt financing, as part of a $300 million financing package, to Akbank T.A.Ş., a longstanding client,…

Energy Dome Raises $60 Million for Global Rollout of Energy Storage Solution

NewsJuly 20, 2023337Views 0Likes 0Comments

July 20, 2023 Energy storage startup Energy Dome announced today that it has raised €55 million ($60 million) in the second tranche of its Series B funding round, with proceeds aimed at scaling the global commercialization of its utility-scale storage solution, the CO2 Battery. Founded in 2019, Milan, Italy-based Energy Dome enables expanded use of renewable energy…

ESG Book Analysis Shows Companies Insufficiently Disclosing Industry-Relevant Metrics Despite Global Increase in Sustainability Reporting

NewsJuly 20, 2023332Views 0Likes 0Comments

July 20, 2023 Research coincides with the launch of the firm’s ESG Performance Score, a data-driven assessment of corporate sustainability performance inspired by International Sustainability Standards Board (ISSB) standards. ESG Book’s analysis reveals that European companies lead global peers on ESG performance, but are falling behind on the disclosure of financially material, industry-led sustainability…