Today’s ESG Updates
- Allianz holds €4.8 billion in fossil fuel bonds: Insurance giant to phase out fossil fuel bonds under its exclusion policies.
- JetBlue Airlines increases investments in sustainable aviation fuel: The airline will use SAF at New York’s JFK airport.
- UberEats announces new sustainability measures: In the U.K., UberEats has adopted two new changes to reduce the company’s carbon footprint.
- New report for the adoption of the International Sustainability Standards Board (ISSB): The City of London has issued a roadmap for more consistent global sustainability disclosures.
Allianz annual report reveals €4.8 billion in fossil fuel bonds
In its 2024 annual report, German insurance giant Allianz disclosed a total of €4.8 billion worth of bonds issued by fossil fuel companies. The report reveals a gap between the company’s exclusion policies and actual financial holdings, with €3.1 billion from oil and €1.7 billion from coal. Allianz also proved commitments to sustainability, with significant equity investments in wind and solar, generating enough renewable energy to supply over 1.2 million households. To efficiently track corporate ESG investments, investors can use ESG Tools.
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Further reading: Allianz to run off €5 billion in fossil fuel bonds
JetBlue Airlines to use sustainable aviation fuel at JFK airport
The sustainable aviation fuel (SAF) market is growing, as JetBlue Airlines is set to utilize at least 1 million gallons of SAF over the next 12 months at JFK Airport in New York. SAF has the potential to reduce greenhouse gas emissions by up to 88% throughout its lifecycle compared to conventional jet fuel and plays a critical role in decarbonizing the airline industry. JetBlue will use SAF produced by Diamond Green Diesel, a joint venture between Valero and Darling.
Photo Credit: Matt Boucher
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Further reading: JetBlue Airways To Utilize New York JFK’s First Regular SAF Supply
UberEats adopts new measures in the UK to reduce emissions
The major food delivery service company has shown commitment to its sustainability goals by adopting two new measures to reduce carbon emissions. To help customers support eco-friendly businesses, the company has introduced a Green Packaging badge for restaurants using compostable containers and utensils, locally recyclable packaging, or reusable packaging that minimizes waste. Additionally, Uber Eats will partner with electric motorcycle rental company Zenion to supply at least 2,200 electric motorcycles for use in London.
Photo Credit: Pim de Boer
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Further Reading: Uber Eats announces two major changes that could impact future deliveries: ‘A key step forward’
The City of London issues a roadmap for adopting ISSB standards
The International Regulatory Strategy Group (IRSG) has released a new report to be used as a roadmap for the adoption of International Sustainability Standards Board (ISSB) standards. Published by the City of London, the report aims to promote clearer and more consistent sustainability disclosures globally. The report includes recommendations for transition reliefs for Scope 3 emissions and using phased implementation to balance investor needs with companies’ capacity. Businesses can leverage ESG tools to navigate evolving sustainability reporting guidelines.
Photo Credit: Ed Robertson
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Further reading: IRSG: A roadmap for the adoption of ISSB Standards
Editor’s Note: The opinions expressed here by the authors are their own, not those of impakter.com — Cover Photo Credit: Wikimedia Commons
