Blended finance approach required to entice private investors as importance of land use in tackling biodiversity, climate crisis “becoming clear”. Mirova’s second sustainable land management-dedicated strategy will increase its focus on the social impacts of land investments, while learning lessons from its predecessor as nature-based solutions continue to grow in prevalence. The newly launched Mirova Sustainable Land Fund 2 (MSLF2)…
Thermo Fisher Commits to 80% Renewable Electricity Globally
Healthcare and life sciences-focused solutions provider Thermo Fisher Scientific announced today a new commitment achieve 80% renewable electricity globally by 2030. The new goal follows the launch of Thermo Fisher’s target in late 2022 to achieve a reduction of more than 50% in Scope 1 and 2 operational emissions by 2030, with one of the initiatives highlighted to reach its…
Exxon Ramps Low Emissions Opportunities Spend to $20 Billion
Energy giant ExxonMobil announced an increase in its investment plans for opportunities targeting lower emissions solutions, with a new goal to allocate $20 billion throughout its 2022-2027 corporate plan. Unveiled as past of Exxon’s Corporate Plan update today, the announcement marks the third increase in low emissions spend over the past three years is pursuing more than $20 billion of…
Ahold Delhaize Appoints Alex Holt as Chief Sustainability Officer
International food retailer Ahold Delhaize announced today the appointment of Alex Holt as Chief Sustainability Officer (CSO) and member of the Executive Committee. She succeeds Jan Ernst de Groot, the company’s first CSO, appointed in 2022, who recently announced plans to retire in May 2024. Ahold Delhaize appointed de Groot as its first CSO in 2022. The announcement marks Ahold…
Microsoft Signs One of the Largest-Ever Nature-Based Deals to Remove 1.5 Million Tons of Carbon
Microsoft and carbon removal startup Mombak announced a one of the largest-ever nature-based carbon removal offtake agreements globally, with Mombak providing the tech giant with up to 1.5 million carbon removal credits from its reforestation projects in the Brazilian Amazon. Founded in 2021, Brazil-based Mombak is focused on large-scale carbon removal projects, starting with native, biodiverse reforestation of the Amazon…
Dutch Central Bank to Align Equity and Corporate Bond Portfolios with Paris Agreement Goals
De Nederlandsche Bank (DNB), the central bank of the Netherlands, announced today a new commitment to align its reserves, including its investments in equities and corporate bonds with the Paris Agreement. According to the new commitment, DNB will aim to cut the carbon footprint of the investments in its portfolio in half by 2030, on a 2019 basis, with an…
Nestlé Shifts Half of its Global Shipping to Green Fuels
Global food and beverage company Nestlé announced today a series of agreements enabling the company to shift the equivalent of half of its global shipping needs to alternative, lower-emission fuels, effective immediately. Through agreements signed with logistics giants Hapag-Lloyd, Maersk and CMA CGM, Nestlé said that it will use green fuels, such as those made from waste, for its cargo…
Cleantech Startup UP Catalyst Raises €4 Million to Produce Battery Materials from CO2
Nanotechnology company UP Catalyst announced that it has raised €4 million (USD$4.3 million) in seed funding, aimed at supporting the scale-up of its technology to support the reduction of Europe’s reliance on Chinese carbon materials with a sustainable alternative source of raw materials for battery manufacturers. Founded in 2019, Estonia-based UP Catalyst produces sustainable carbon materials using Molten Salt Carbon…