Private quity investors Blackstone and Vista Equity Partners announced an agreement to acquire energy market simulation software provider Energy Exemplar, with the investment aimed at accelerating the company’s growth and innovation to support grid reliability and the energy transition.. Founded in 1999, Australia-based Energy Exemplar provides optimization-based energy market simulation solutions enabling users to model and understand the increasingly complex…
Well over four out of five companies plan to increase spending on environmental sustainability initiatives over the next 12 months, as the achievement of sustainability goals extends its lead as a top corporate priority, and executives become more confident in meeting those goals, according to a new survey released by industrial products, solutions and technologies company Honeywell. The results were…
CFA Institute, responsible investing organization Principles for Responsible Investment (PRI) and the Global Sustainable Investment Alliance (GSIA) announced today the release of Definitions for Responsible Investment Approaches, a new guideline aimed at harmonizing sustainable investment terminology for more effective investment industry communication and to reduce greenwashing risk. According to the organizations, the new resource follows significant growth in recent years…
AI-powered data infrastructure platform ESG Flo announced today that it has secured $5.25 million in seed capital. Launched in 2022 from within Bain & Company’s Founder’s Studio , ESG Flo helps industrial, manufacturing and infrastructure sector businesses to create robust, auditable ESG data infrastructure. The technology leverages AI automation and deep learning to gather data across the organization to create…
TD Bank Group announced today an agreement by its investment bank TD Securities to purchase 27,500 metric tons of Direct Air Capture (DAC) Carbon Dioxide Removal (CDR) credits over four years from energy giant Occidental’s (Oxy) carbon capture platform 1PointFive. The transaction marks one of the largest purchases of DAC CDR credits by a financial institution, according to TD. Amy…
Environmental software solutions provider AMCS announced today the acquisition of ESG data and reporting platform provider Figbytes. Launched in 2014 by co-founders Sonam Devgan and Ted Dhillon, Ottawa-based FigBytes helps organizations to plan, track and report ESG on goals across areas ranging from carbon accounting and climate action, to water impacts, and supply chain activities. Details of the transaction were…
Barclays announced the appointment of Denise Wong as Head of Sustainable and Impact Banking, Asia Pacific. Based in Hong Kong, Wong will be responsible for advising corporate and institutional clients on leveraging opportunities to meet their sustainability objectives, as they navigate the transition to a low carbon economy. She will report regionally to Vanessa Koo, Head of Investment Banking, Asia…
Professional services firm KPMG Canada announced today the launch of a new decarbonization hub, aimed at helping companies achieve emissions reduction and energy transition goals and meet their net zero commitments. KPMG said that the new hub will integrate several climate-focused services and solutions offered by the firm, including developing corporate strategy-aligned decarbonization pathways for clients, support in implementing decarbonization…
Morgan Stanley Investment Management (MSIM) announced an investment in sustainable nutrition company Huel, aimed at supporting the company’s global expansion and reinforcing its sustainability agenda. The investment is the second to be made by MSIM’s 1GT climate-focused strategy. Launched in November 2022, 1GT is a new growth-oriented private equity platform aimed at investing in climate solutions companies that will eliminate…