ESG / Impact News
ESG Today: Week in Review
This week in ESG news: SEC fines Invesco $17.5 million over ESG investing claims; IAASB releases first sustainability reporting assurance standards; EU lawmakers delay supply chain deforestation law; Shell wins appeal against landmark climate ruling; CDP strengthens alignment of sustainability reporting platform with GRI, EU standards; IKEA invests $1.6 billion to decarbonize store heating and […]
Vaulted Deep Raises $32 Million to Expand Biomass Carbon Removal and Storage Capacity
Biomass carbon removal and storage (BiCRS) startup Vaulted Deep announced that it has raised $32 million in a Series A funding round, with proceeds aimed at expanding its capacity to deliver durable carbon dioxide removal (CDR) through the geologic sequestration of carbon-filled organic waste. Spun out of injection well-focused waste management company Advantek in 2023, […]
Der steigende CO2-Preis beschleunigt die energetische Wende
ESG wird zunehmend konkreter, wie die Heuer-Jahreskonferenz zum Thema zeigt. Während die Neuregelungen zum CO2-Emissionshandel die flächendeckende Umsetzung der energetischen Transformation beschleunigen dürften, ist das sozial ausgerichtete Investment noch eine Nische, da viele Gebäudeeigner den Dokumentationsbedarf scheuen. Der allerdings steigt durch die CSRD-Richtlinie der EU ohnehin.
ISO Launches Principles for ESG Performance and Reporting
The International Organization for Standardization (ISO) announced the launch of the ISO ESG Implementation Principles, a new set of guidance aimed at enabling companies globally to improve ESG integration, performance, measurement and reporting. The new principles are being released, according to ISO, as companies face increasing ESG scrutiny and a substantial increase in ESG regulations, […]
IKEA Invests $1.6 Billion to Decarbonize Heating and Cooling of Stores
IKEA parent INGKA Group announced that it is committing €1.5 billion (USD$1.6 billion) towards the acceleration of the phasing out of the use of fossil fuels for heating and cooling its stores, with investments in energy efficiency improvements and renewable heating and cooling technology. According to INGKA Group, the new investments will contribute towards the […]
Ahold Delhaize Signs Renewable Energy Deal Covering 30% of its European Electricity Needs
Netherlands-based international food retailer Ahold Delhaize said that it has entered into a Virtual Power Purchase Agreement (VPPA) with Spanish renewable energy company Bruc, supporting the financing and construction of a cluster of five solar power plants in Seville, Spain. Supplying 460 GWh of power per year, the VPPA will cover approximately 30% of Ahold […]
NitroVolt Raises €3.5 Million to Produce Green Fertilizers for Farmers
Agriculture sustainability-focused startup NitroVolt announced that it has raised €3.5 million euros (USD$3.7 million) in seed funding, with proceeds to be used to help to commercialize its system for producing ammonia for farmers with a minimal carbon impact. Ammonia is used extensively in a number of areas, especially agriculture as a key ingredient in nitrogen […]
PUMA Commits to Slash GHG Emissions from Operations by 90% by 2030
Athletic footwear, apparel, and accessories company PUMA announced a new series of climate and sustainability targets, among them a reduction of both its Scope 1 direct and Scope 2 indirect greenhouse gas (GHG) emissions by 90% from their 2017 levels by 2030, as well as a 33% reduction in Scope 3 indirect GHG emissions from […]
Büro: NEO Office Impact Report zeigt signifikanten Anstieg bei Versicherungskosten
Stärkster Rückgang bei CO2-Emissionen: Bürogebäude unterschreiten CRREM-Pfad Erstaunlich ist der festgestellte Rückgang der CO2-Emissionen um sogar 53 % auf 27 kg CO2 e/m2 NRF bei gleichzeitiger Reduzierung der Energieverbräuche bei den Selbstnutzern um 32 % (s. o.). Auch für die Gebäude der Investoren ist ein deutlicher Rückgang der CO2-Emissionen von 31 kg CO2 e/m2 NRF/2021 […]
Sustainable Agriculture Platform Klim Raises $22 Million
Regenerative agriculture-focused platform provider Klim announced that it has raised $22 million in a Series A funding round, with proceeds aimed at supporting its global expansion and extending its offerings. Agriculture has emerged as a major focus area for climate action, as the sector accounts for a significant proportion of GHG emissions, and is among […]
Air Canada Purchases 78 Million Liters of Sustainable Aviation Fuel from Neste
Air Canada announced that it has signed an agreement with sustainable fuel producer Neste to purchase 77.6 million liters (20.5 million gallons) of sustainable aviation fuel (SAF). The airline said that the purchase will help it further pursue its efforts to reduce its carbon footprint and further its commitment to sustainability goals.
Sympower Raises $23 Million to Accelerate Energy Grid Flexibility Solutions
Sympower, an Amsterdam-based provider of flexible energy management and virtual power plant technology, announced that it has raised €21.3 million (USD$22.6 million) in Series B1 financing round, with proceeds aimed at rolling out battery energy storage solutions, funding future mergers and acquisitions, continuing its expansion in Europe, and scaling the company’s operations. Founded in 2015, […]
Nearly Two-Thirds of Companies not yet Reporting Climate-Related Financial Impact on Financial Statements: EY
Companies globally are only incrementally improving the quality of their climate-related disclosures, with only around a third referencing the climate-related financial impact on their financial statements, and nearly sixty percent not yet disclosing transition plans, according to a new study released by global professional services firm EY. The study also found that to date, most […]
IAASB Releases New International Sustainability Reporting Assurance Standard
Auditing, quality control, and assurance standard-setting body the International Auditing and Assurance Standards Board (IAASB) announced the publication of its finalized International Standard on Sustainability Assurance 5000 (ISSA 5000), aimed at establishing a new standard for practitioners in carrying out sustainability assurance engagements. The new standard comes as companies are increasingly reporting on sustainability and […]
General Galactic Raises $8 Million to Turn CO2 into Clean Fuel
California-based General Galactic, which is developing methods to generate fossil-free energy, announced that it has raised $8 million in seed funding, bringing total investment in the company to $10 million. Founded in 2023 by former SpaceX and Varda Space Industries engineers Halen Mattison and Luke Neise, General Galactic is developing a modular hardware platform that […]
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