ESG / Impact News
Microsoft Purchases Carbon Credits Helping U.S. Farmers Adopt Sustainable Agriculture Practices
Sustainable agriculture and biological solutions provider Indigo Ag and Microsoft announced a new carbon removal purchase agreement, with Indigo delivering 40,000 tons of carbon credits to Microsoft generated through the promotion of regenerative agriculture practices by U.S. farmers. Regenerative agriculture practices are aimed at addressing the environmental impact of the sector, and include techniques to […]
EFRAG, TNFD Release Guide Mapping Connections with CSRD and TNFD Nature-related Reporting
The Taskforce on Nature-related Financial Disclosures (TNFD) and the European Financial Reporting Advisory Group (EFRAG) announced the publication of the TNFD-ESRS Correspondence Mapping, aimed at helping companies disclosing nature and biodiversity-related information understand the commonalities between the European Sustainability Reporting Standards (ESRS) and the TNFD’s disclosure recommendations. Tony Goldner, Executive Director of TNFD, said:
Nestlé Launches Sustainably Sourced Chocolate Brand for Travel Retail
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 Eliminates 15 Billion Plastic Air Pillows in Packaging
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, […]
UBS Invests in Impact Data Provider GIST Impact
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 […]
H&M Invests in Industrial Decarbonization Startup Rondo Energy to Tackle Fashion Supply Chain Emissions
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 […]
Australia Launches Plans for Mandatory Climate Reporting, Taxonomy, Sustainable Investment Labels
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 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 […]
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