The sustainable finance policy and regulation landscape continued to evolve and mature at the end of 2023 and the hope is that policymakers double down on the impetus to bolster sustainable investment this year. A new year of sustainability reporting will require global regulators to confront challenges relating to sustainability data, making the release of International Capital Markets Association’s (ICMA)…
EU Parliament Approves New Law Banning Misleading Product Sustainability Claims
Lawmakers in the European Parliament voted 593-21 on Wednesday to adopt a new anti-greenwashing law banning a series of commercial practices, including the use of unproven generic product claims such as “environmentally friendly,” or “climate neutral,” or marketing a product as having a reduced environmental impact based on the use of emissions offsetting schemes. The agreement follows the release in…
Sustainable e-Fuels Startup INERATEC Raises $129 Million
Clean fuels startup INERATEC announced today that it has raised over $129 million in its Series B funding round with proceeds to be used to scale production of the company’s sustainable e-fuels, aimed at decarbonizing hard-to-abate industries. Founded in 2016, Karlsruhe, Germany-based INERATEC produces sustainable e-Fuels and synthetic chemicals to replace fossil crude oil. The company builds modular chemical plants…
Trafigura Signs Advance Carbon Credit Purchase Agreement with DAC Provider 1PointFive
Global commodities trading company Trafigura announced a new agreement with 1PointFive, the Direct Air Capture (DAC)-focused subsidiary of energy giant Occidental (Oxy) for the advance purchase of carbon credits to be produced from 1PointFive’s industrial DAC facility, STRATOS. Announced at the during the World Economic Forum’s (WEF) Annual Meeting in Davos, Switzerland, the agreement marks Trafigura’s first transaction under its…
Blue Earth Capital Raises $378 Million for Private Equity Climate Impact Strategy
Global impact investor BlueEarth Capital AG announced today that it has reached $378 million in investor commitments for its private equity climate impact strategy, BlueEarth Climate Strategy, Commitments include $308 million from the BlueEarth Climate Growth Fund, and $70 million from LPs in a tailored mandate and co-investments. Founded in 2015, Switzerland-based Blue Earth Capital manages investment strategies for professional…
Barclays Launches New Sustainable Banking Business
Barclays announced today the establishment of a new Sustainable Banking Group within its Capital Markets business, bringing together the bank’s Sustainable Capital Markets and ESG Advisory teams, in a move aimed at addressing the sustainability needs of clients across industries. According to Barclays, the newly formed business will combine its capabilities across M&A, Equity, Debt and Risk Management capabilities, offering…
Guest Post: 2024, The Year to Move from Climate Ambition to Action
By: John McCalla-Leacy, Global Head of ESG at KPMG Last month COP28 closed in Dubai – achieving a number of landmark agreements and pledges. The summit took place in a nation that’s built its wealth on fossil fuels and amid a backdrop of a challenging geopolitical and economic landscape. As many governments and central banks grapple with inflation, supply chain bottlenecks…
More than Two Thirds of Companies Planning to Upskill Workforce for Climate Change Megatrend: PwC CEO Survey
A significant majority of CEOs are planning, currently undertaking, or have already completed a series of actions to prepare their companies to address the risks and opportunities presented by climate change, including two thirds looking to upskill or reskill their workforce, and more than three quarters innovating new, climate friendly products or services, according to a new global CEO survey…