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Santiago Adopts Google's AI to Ease Traffic and Cut Emissions

Santiago Adopts Google's AI to Ease Traffic and Cut Emissions

Commuters in Santiago, Chile, spend over 100 hours each year idling at traffic lights—fueling both congestion and emissions. Now, the city is turning to artificial intelligence for relief. Santiago has joined 15 global cities in deploying Google’s Green Light project, an AI-powered system that optimizes traffic signal timing

ESG Funds Face Reckoning Over Russia Exposure

ESG Funds Face Reckoning Over Russia Exposure

As Russia's war on Ukraine rages on, a new analysis reveals that ESG fund managers held at least $8.3 billion in Russian assets just before the invasion—despite marketing themselves as champions of environmental, social, and governance standards. According to Bloomberg’s review of around 4,800

IFC Launches Overhaul of $4.5 Trillion Sustainability Framework to Align with Global ESG Demands

IFC Launches Overhaul of $4.5 Trillion Sustainability Framework to Align with Global ESG Demands

The International Finance Corporation (IFC) has initiated a sweeping, multi-year review of its Sustainability Framework—one of the most influential environmental and social safeguard systems for private sector investments in emerging markets. The update, set to conclude in 2028, will bring the framework in line with evolving global expectations around

Aramco and BYD Forge Strategic Alliance to Advance Low-Emission Vehicle Technologies

Aramco and BYD Forge Strategic Alliance to Advance Low-Emission Vehicle Technologies

In a major step toward decarbonizing the transport sector, Aramco and Chinese electric vehicle giant BYD have entered into a strategic alliance to accelerate innovation in energy-efficient and low-emission vehicle technologies. The partnership is anchored by a Joint Development Agreement between Saudi Aramco Technologies Company (SATC), a wholly-owned subsidiary of

Philippines Expands Green Force Mandate to Accelerate Sustainable Finance Reforms

Philippines Expands Green Force Mandate to Accelerate Sustainable Finance Reforms

The Department of Finance (DOF) is intensifying its push for sustainable finance by expanding the role and membership of the Inter-Agency Technical Working Group on Sustainable Finance (ITSF), commonly known as the Green Force. The move comes as the country gears up for more targeted and transformative implementation of its

ESMA Recommends Lighter Compliance Load and Clearer ESG Disclosures for Benchmarks

ESMA Recommends Lighter Compliance Load and Clearer ESG Disclosures for Benchmarks

The European Securities and Markets Authority (ESMA) has released the findings of its 2024 Common Supervisory Action (CSA), calling for regulatory relief and improved ESG transparency under the EU Benchmarks Regulation (BMR). This coordinated review—ESMA’s first in partnership with National Competent Authorities (NCAs)—marks a significant moment in

EU Streamlines Deforestation Regulation, Slashes Compliance Costs for Businesses

EU Streamlines Deforestation Regulation, Slashes Compliance Costs for Businesses

The European Commission has unveiled key revisions to the EU Deforestation Regulation (EUDR), aimed at reducing red tape and cutting compliance costs by up to 30%, while still upholding the regulation’s environmental integrity. The move is part of a broader effort under the EU’s Competitiveness Compass strategy to