European companies turning to coal as an alternative to Russian gas face a hit to their environmental, social and governance ratings, leaving them scrambling to impress investors still vocal on sustainability.
Companies forced by cost pressures or national policy to use the fuel could make up ground by finding other ways to burnish their environmental credentials, or by focusing on the S and G in ESG, industry sources add.
It has however pointed out that if it prices itself out of the market, it could mean plant closures and job losses, potentially affecting the "social" aspect of its operations. A spokesperson for the group said RWE is still focused on expanding its use of renewable energies and hydrogen with a view to further accelerating a coal phase-out, a strategy to which its investors had given "broad approval"., also said their aim remains to decarbonise, despite the additional short-term complication of including coal in the energy mix.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Russian gas cut to Europe hits economic hopes after Ukraine grain dealRussia will cut gas supplies to Europe once again in a blow to countries that have supported Ukraine, just as there was hope that economic pressures could ease this week with the resumption of Black Sea grain exports.
Read more »
European Union approves new package of sanctions against RussiaTop news stories on Russia's Channel One from July 17 to July 24, 2022, covering the war in Ukraine and other international affairs.
Read more »
European Logging & Forest Management Company Unveils Electric Timber TruckSCA, a manager of forestry operations in 2.6 million hectares of forest land in northern Sweden and 60,000 hectares in Estonia, Latvia and Lithuania, recently unveiled a new logging truck for its wood business. This
Read more »
Watch Now: ETF Edge on ESG Investing, Plus Record Demand in the Options Market[The stream is slated to start at 1:00 PM ET. Please refresh the page if you do not see a player above at that time.] CNBC’s ETF Edge is dedicated to the fastest-growing trend in investing right now: ETFs. Every Monday, Bob Pisani will be joined by a panel of top market participants to offer educational and actionable advice to…
Read more »
Eddie Vedder Shrugs Off Throat Issues as Pearl Jam Return for European Tour CloserEddie Vedder ensured that Pearl Jam were able to play one more show in Europe after the frontman’s vocal problems — tied to the continent’s ongoing heat wave and wildfires — forced the band to cancel a handful of gigs.
Read more »
Astros' winning streak ends with series-opening loss to A'sOakland beat Houston for the fourth time in five games on Monday, ending the Astros’...
Read more »