The fund will provide unitranche funding to French and European SMEs, while encouraging the companies they finance to take account of environmental and social concerns.
Global professional services firm KPMG announced today the launch of Clear on Climate Reporting, a new digital hub aimed at helping companies provide reporting to investors and regulators on the financial implications of climate-related risks and opportunities on their businesses. According to KPMG, the new hub is being launched as companies are seeing greater climate […]
Amazon announced the launch of the Sustainability Exchange, a new platform offering free access to sustainability tools and resources used by the company to decarbonize its operations, aimed at sharing its learnings and experiences to help other companies – particularly those in its supply chain – to address their climate footprint. The launch of the […]
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 […]
Impact investor North Sky Capital announced today that it has raised $250 million at the close of has closed its impact secondaries fund, Clean Growth VI (CG VI), aimed at investing predominantly in the energy transition, climate tech, the circular economy, and healthy living sectors. Founded in 2000, North Sky aims to create positive social […]
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 […]
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 […]
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 […]
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 […]
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 […]
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, […]
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 […]
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 […]
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 […]
Seaya’s founder Beatriz González is optimistic about prospects for the sector, despite the current tough investment environment and political uncertainties surrounding the pace of the energy transition.
