Global food and beverage company Nestlé announced today the launch of the Nestlé Sustainably Sourced chocolate range in its travel retail channel, offering consumers in airports around the world with chocolate products made with sustainably sourced cocoa. The cocoa supply chain is faced with a series of sustainability related challenges, ranging from extreme farmer poverty […]
Amazon announced today that it has replaced 95% of the plastic air pillows from delivery packaging in North America with paper filler, and is working toward full removal of the plastic pillows by the end of the year. According to the company, the announcement marks Amazon’s largest to-date plastic packaging reduction effort in North America, […]
Impact data and analytics provider GIST Impact announced today an investment from UBS’ venture and innovation unit, UBS Next. Founded in 2008, GIST Impact provides data and analytics solutions aimed at helping companies and investors measure their environmental and social impacts, using data-based intelligence with location-specific impact data covering more than 14,500 companies. The firm […]
Fashion and design brands company H&M Group announced the launch of a new partnership with zero-carbon industrial heat solutions provider Rondo Energy, aimed at applying Rondo’s industrial decarbonization solution to help address the emissions footprint of H&M’s supply chain. Founded in 2020, California-based Rondo Energy provides solutions to address emissions from industrial heat processes. Industrial […]
The Government of Australia’s Treasury department announced today the release of its Sustainable Finance Roadmap, outlining its plans to develop and reform financial markets to support the mobilization of private capital needed to finance the transition to a net zero economy, with key priorities including instituting mandatory climate-relating reporting, establishing a sustainable finance taxonomy, and […]
Sustainable building solutions provider Bisly announced today that it has raised €6.2 million (USD$6.7 million) in a Series A funding round, with proceeds to be used for its European expansion, including in Germany and the United Kingdom, where the company has already opened offices. Buildings are a key source of global greenhouse gas (GHG) emissions, […]
Europe’s three primary financial regulatory agencies, the European Supervisory Authorities (ESAs), announced the publication of a new assessment of the Sustainable Finance Disclosure Regulation (SFDR), proposing a series of changes and updates to the regulation, including the introduction of new “Sustainable” and “Transition” categories for financial products such as investment funds, life insurance and pension […]
Zwei Drittel erwarten, dass das Volumen nachhaltiger Investments in den kommenden zwölf Monaten steigt. Dies geht aus der diesjährigen Nachhaltigkeitsstudie von Union Investment hervor, für die knapp 200 institutionelle Investoren in Deutschland mit einem verwalteten Vermögen von rund sechs Billionen Euro befragt worden sind.
Circular economy technology company LD Carbon announced today that it has raised $28 million in a Series C funding round led by Toyota’s growth fund, Woven Capital. The company will use the investment to scale its operations recycling end-of-life tires and material from end-of-life vehicles into recovered carbon black and pyrolysis oil. Founded in 2017, […]
Chocolate, candy and snacks producer Hershey announced today a series of new climate-related goals, with new targets to reduce emissions originating in its value chain, including Forest Land and Agriculture (FLAG) emissions. According to Hershey’s 2023 ESG report, Scope 3 emissions, or those originating in the company’s value chain outside of its direct control, account […]
CRM solutions provider Salesforce announced today a series of new climate and energy transition-related commitments, including a pledge to purchase $25 million of permanent carbon removals from carbon removal coalition Frontier, in addition to the signing of its first European virtual power purchase agreement (VPPA), as well as nearly $4 million in clean energy-focused philanthropic […]
Business data and reporting solutions provider Workiva announced today the launch of Workiva Carbon, a new solution aimed at enabling companies to collect, manage and report business and value chain greenhouse gas emissions data. According to Workiva, the launch comes as companies face increasing demand for sustainability reporting, including through regulations such as the EU’s […]
BTG Pactual Timberland Investment Group (TIG) and Microsoft announced today that they have signed a large-scale, long-term nature-based carbon removal agreement, with Microsoft purchasing 8 million tons of carbon removal credits through 2043 generated through TIG’s reforestation and restoration strategy in Latin America. According to the companies, the agreement marks the largest known carbon dioxide […]
Only 40% of high emitting companies disclose and quantify the impacts of their decarbonisation actions, a study has found. The research from sustainability tech firm Clarity AI also found that, while over 80% of the analysed companies reported on their decarbonisation measures, only 40% of all companies made a clear quantification of the impact of […]
A new SEI report reveals that the EU’s focus on territorial emissions understates the impact of its consumption globally. The study shows huge potential for the EU to raise the ambition of its climate action by addressing Member States’ consumption-based emissions and lowering consumption overall. Between 1990 and 2020, the EU slashed its territorial emissions […]
