ESG / Impact News
Sustainable Building Solutions Provider Bisly Raises €6.2 Million
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, […]
EU Regulators Propose New Sustainability and Transition Categories for Financial Products
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 […]
85 Prozent der institutionellen Anleger investieren nachhaltig
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.
LD Carbon Raises $28 Million to Scale Sustainable Tire Recycling Capacity
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, […]
Frontier Signs Deal to Buy $49 Million Biomass-Based Carbon Removal Credits from Stockholm Exergi
Carbon removal buyer coalition Frontier announced that it has facilitated offtake agreements to purchase $48.6 million of carbon removal output generated by Stockholm Exergi’s planned bio-energy with carbon capture and storage (BECCS) facility in Sweden, on behalf of buyers including Alphabet, Meta, JPMorgan Chase, and H&M, among others. Launched in April 2022 with commitments by […]
Hershey Commits to Cut Agriculture, Value Chain Emissions
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 […]
Salesforce Commits $25 Million to Scale Carbon Removal Technology with Frontier
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 […]
Workiva Launches New Carbon Data Management and Reporting Solution
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 […]
Microsoft Signs Largest-Ever Nature-Based Carbon Removal Deal with BTG Pactual
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 […]
Just 40% of high emitting firms disclose impacts of decarbonisation actions
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 […]
EU can take the lead in reducing consumption-based emissions, finds new report
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 […]
Swiss Re explores cascading effects of natural disasters and other key emerging risks
Swiss Re’s SONAR report features 16 emerging risks and their potential impacts on the insurance sector and society.
Fonds mit Nachhaltigkeitsmerkmalen: Schwaches Neugeschäft und steigendes Volumen
Deutsche Anleger hatten zum 31. März 2024 fast eine Billion Euro in Fonds gemäß Artikel 8 und 9 der EU- Offenlegungsverordnung investiert, wie der deutsche Fondsverband BVI berichtet. Das Neugeschäft entwickelte sich im ersten Quartal 2024 dagegen negativ: Anleger zogen aus Publikumsfonds 3,3 Milliarden Euro ab.
FM-Markt: Deutliches Wachstum trotz schwacher Konjunktur
Die hohe Nachfrage, Nachhaltigkeit, Bündelung von Services und Aufholeffekte beim Catering sind laut der aktuellen Lünendonk-Liste Facility-Service-Unternehmen die Treiber der Marktentwicklung.
EU Council Agrees on New Rules to Tackle Greenwashing in Product Green Claims
The European Council today announced today that it has reached an agreement on a series of proposals aimed at protecting consumers from greenwashing, setting requirements for companies to substantiate and verify claims and labels regarding the environmental attributes of products and services. The agreement establishes the Council’s position for negotiation with the EU Parliament on […]
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