Impact News

Amazon to Require Key Suppliers to Provide Decarbonization Plans

Amazon to Require Key Suppliers to Provide Decarbonization Plans

Amazon announced that it has set climate-related expectations for key suppliers, including decarbonization plans, and that it will prioritize working with suppliers committed to reaching net zero, as part of the company’s efforts to tackle its value chain emissions. The new requirements form part of Amazon’s initiatives to reach its goal to achieve net zero […]

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Amazon Hits 100% Renewable Energy Goal

Amazon Hits 100% Renewable Energy Goal

Amazon announced today that it has achieved its goal to power its global operations with 100% renewable energy, hitting the milestone in 2023, 7 years ahead of its initial target. Amazon first announced its clean energy goal in 2019, pledging to match all of the electricity consumed across its global operations, including data centers, corporate […]

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Spanish government approves €400m social impact fund

Spanish government approves €400m social impact fund

State-owned commercial company COFIDES will manage the fund, which will finance and invest into businesses and projects addressing social challenges across Spain. The €400m public investment in the fund will be channelled from the EU’s Recovery and Resilience Facility as part of Spain’s Recovery, Transformation and Resilience Plan, which was set up in response to […]

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BlackRock Launches Decarbonization Voting and Engagement Policy for Climate-Focused Funds

BlackRock Launches Decarbonization Voting and Engagement Policy for Climate-Focused Funds

Investment giant BlackRock unveiled its new “Climate and Decarbonization Stewardship Guidelines,” setting out separate engagement and voting policies for investors specifically focused on the low carbon transition. The launch of the new policy may help BlackRock to navigate the complex pressures facing asset managers to meet growing demand to account for climate-related risk and opportunities […]

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Microsoft Signs Largest-Ever DAC Carbon Credit Purchase Agreement with Oxy’s 1PointFive

Microsoft Signs Largest-Ever DAC Carbon Credit Purchase Agreement with Oxy’s 1PointFive

1PointFive, the Direct Air Capture (DAC)-focused subsidiary of energy giant Occidental (Oxy), announced today that it has signed an agreement with Microsoft to deliver 500,000 metric tons of carbon dioxide removal (CDR) credits over six years, marking the largest-ever DAC-based CDR credit purchase agreement. DAC technology, listed by the IEA as a key carbon removal […]

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Schroders publishes first impact investment report

Schroders publishes first impact investment report

London-based asset manager Schroders has published its first impact investment report. The launch follows Schroders’ acquisition of impact investor BlueOrchard in 2019 which resulted in the development of Schroders’ proprietary impact framework. The framework has been independently verified by BlueMark, an independent provider of impact verification services. Schroders is the only large diversified asset manager […]

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Nuveen Raises $200 Million for Private Equity Impact Strategy

Nuveen Raises $200 Million for Private Equity Impact Strategy

Investment manager Nuveen announced that it has raised commitments of approximately $200 million at the first close of its second global climate inclusion private equity strategy, aimed at investing in solutions addressing sustainable development challenges including climate change and inequality. Nuveen’s second climate inclusion strategy will build on the firm’s first private equity impact strategy, […]

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ESMA Calls on Companies to Get Data Systems in Place to Meet New CSRD Sustainability Reporting Requirements

ESMA Calls on Companies to Get Data Systems in Place to Meet New CSRD Sustainability Reporting Requirements

EU markets regulator the European Securities and Markets Authority (ESMA) announced the issuance a Public Statement on the first application of the European Sustainability Reporting Standards (ESRS), aimed at helping companies prepare for new sustainability reporting and supervisory requirements under the EU’s Corporate Sustainability Reporting Directive (CSRD), with the first reports set to begin next […]

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Environmental Sustainability: How Companies Can Mitigate AI’s Growing Environmental Footprint

Environmental Sustainability: How Companies Can Mitigate AI’s Growing Environmental Footprint

By 2026, computing power dedicated to training AI is expected to increase tenfold. As more power is expended, more resources are needed. As a result, we’ve seen exponential increases in energy and perhaps more unexpectedly, water consumption. Some estimates even show running a large AI model generates more emissions over its lifetime than the average […]

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ESG Today: Week in Review

ESG Today: Week in Review

This week in ESG news: LEGO sets new sustainability requirements for suppliers; Moody’s adopts MSCI ESG ratings; Accenture survey finds less than a quarter of CFOs ready for new climate reporting requirements; Fidelity International unveils new sustainable investing framework to align with new regulations; Google asks large suppliers for clean energy commitments to address rising […]

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PropTech: 10 Mio. US-Dollar für nachhaltigen Zement und Beton – GreenTech Startup alcemy schließt Finanzierungsrunde ab

PropTech: 10 Mio. US-Dollar für nachhaltigen Zement und Beton – GreenTech Startup alcemy schließt Finanzierungsrunde ab

Das Berliner GreenTech-Startup alcemy hat 10 Millionen US-Dollar eingesammelt. Die Finanzierungsrunde wird angeführt von Norrsken VC, dem größten europäischen Early Stage Impact Fonds aus Stockholm; weitere Investoren sind Galvanize Climate Solutions, BitStone Capital und AENU. alcemy arbeitet seit 2018 daran, die Herstellung von Beton und Zement nachhaltiger zu gestalten – angetrieben von der Vision, mithilfe […]

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Demeter Invests in H2 Green Steel

Demeter Invests in H2 Green Steel

Decarbonized steel startup H2 Green Steel announced today an investment from European venture capital investor Demeter, with proceeds supporting the construction of the company’s flagship green steel plant in Boden, Sweden, capable of producing steel with 95% lower emissions than traditional blast furnace technology. Steelmaking is one of the biggest emitters of CO2 globally, and […]

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