Carbon removal buyer coalition Frontier announced a new set of offtake agreements with Direct Air Capture (DAC) technology companies CarbonCapture and Heirloom totalling $47 million, for the removal of 72,000 tons of CO2 from the atmosphere, on behalf of a group of buyers including Stripe, Alphabet, H&M, and JPMorgan, among others. Launched in April 2022 with $925 million in commitments…
Private markets ESG-focused data solutions provider Novata announced the expansion of its platform’s SFDR capabilities, aimed at enabling clients to simplify reporting against European regulatory requirements. The EU Sustainable Finance Disclosure Regulation (SFDR) establishes harmonized rules for financial market participants on transparency regarding the integration of sustainability risks and the consideration of adverse sustainability impacts in their processes and the…
Global technology company IBM announced the launch of free sustainability courses, targeting learners across communities underrepresented in technology, aimed at providing skills for the green economy. The new courses will be provided by IBM SkillsBuild, a free education program focused on underrepresented communities in tech, that helps adult learners, and high school and university students and faculty, develop valuable new…
Business jet manufacturer Gulfstream announced today the completion of the first-ever transatlantic flight using 100% sustainable aviation fuel, marking a major aviation decarbonization milestone. The flight from Savannah Georgia to Farnborough Airport in England was accomplished on November 19, using a Gulfstream G600 aircraft, powered by Pratt & Whitney PW815GA engines, both using 100% SAF. Gulfstream President Mark Burns said:…
More than three quarters of large companies globally have succeeded in cutting their operational emissions intensity, or the emissions per unit of revenue, since the implementation of the Paris Agreement in 2016, but less than a fifth are on track to achieve net zero emissions by 2050 – the goal required to meet the Agreement’s ambition to limit global warming…
Sustainability-focused investment manager Mirova announced the appointment of Stéphane Detobel and Francis Verpoucke, each as Executive VP Institutional Business North America at Mirova US, with responsibility for promoting the firm’s sustainable strategies to institutional investors in North America. Mirova founded Mirova US in 2017, and the unit currently employs 26 people, and manages $9.4 billion, most notably through the development…
Southwest Airlines today announced an updated sustainability strategy, Nonstop to Net Zero, which outlines the carrier’s path toward its goal of achieving net zero carbon emissions by 2050, and including a series of new goals, ranging from electrification and fuel savings to plastic reduction. and supporting a more sustainable future for air travel. Key pillars of the airline’s sustainability strategy…