The investment community may have limited control over net zero targets, but it can enable better outcomes, says London Business School Executive Fellow Tom Gosling. Climate change is a critical issue that we, as a society, are underestimating and should be doing more on, according to Tom Gosling, an Executive Fellow at the London Business School and the European Corporate…
Circularity Tech Startup Resynergi Raises $6.4 Million to Scale Plastic Recycling Solution
Circularity-focused startup Resynergi announced today it has raised $6.4 million (USD$7 million) in series B funding, with proceeds aimed at scaling its advanced plastic recycling technology to rapidly convert plastic waste into reusable and environmentally friendly material. Founded in 2015, California-based Resynergi uses Continuous Microwave Assisted Pyrolysis (CMAP) technology to convert plastic its molecular building blocks to be used to…
Climate Consultancy The Carbon Trust Appoints Chris Stark as New CEO
Global climate consultancy the Carbon Trust announced today the appointment of UK Climate Change Committee Chief (CCC) Executive Chris Stark, as its new CEO, taking on the role from Tom Delay, who is stepping down after more than 2 decades. Julia King Baroness Brown of Cambridge and Chair of the Carbon Trust’s Board said: “Chris Stark has been a leader…
Electrolux Sets Science-Based Goals to Reduce Emissions from Products, Operations
Home appliance manufacturer Electrolux announced today that it has set a new science-based climate target to reduce greenhouse gas emissions across its value chain, including in its products and operations. The new target has been approved by the Science Based Targets initiative (SBTi), one of the key organizations focused on aligning corporate environmental sustainability action with the global goals of…
BCG Signs Carbon Removal and Consulting Agreement with 1PointFive
Boston Consulting Group (BCG) announced today a strategic agreement with 1PointFive, the Direct Air Capture (DAC)-focused subsidiary of energy giant Occidental (Oxy), including the purchase of 21,000 metric tons of carbon dioxide removal (CDR) credits over three years. In addition to the carbon removal purchases, BCG will collaborate with 1PointFive through consulting services, including on the development of business processes…
Apex Group Launches ESG Advisory and Reporting Unit
Financial services and solutions provider Apex Group announced today the launch of Holtara, a new ESG solutions subsidiary, combining the firm’s ESG advisory and reporting platform, focused on serving private markets clients. The launch of Holtara follows Apex’ acquisition last year of asset management service provider MJ Hudson’s Data & Analytics business, which included the firm’s ESG & Sustainability advisory…
Renewable Energy Growth Jumps by 50% in 2023, On Track to Overtake Coal Next Year: IEA
Renewable energy capacity experienced its strongest growth in decades in 2023, with a 510 GW increase in global capacity additions in the year, up by 50% over 2022, with China emerging as a key driver of the global growth, according to a new report released today by the International Energy Agency’s (IEA). With the dramatic increase seen over the past…
BNP Paribas AM to Expand Range of Sustainable, Impact Investment Solutions
BNP Paribas Asset Management (BNPP AM) announced today the release of its new Global Sustainability Strategy (GSS), updating its approach to applying sustainability considerations in its investments, and including goals to grow its ranges of sustainable and impact investment solutions across themes including climate, nature-based solutions and economic equality. The new sustainability strategy follows the launch in 2019 of BNPP…