Energy company TotalEnergies and industrial gases and services supplier Air Liquide announced today the launch of a TEAL Mobility, a new joint venture aimed at accelerating the development of a hydrogen network for heavy duty trucks across major European corridors. TEAL Mobility aims to develop more than 100 hydrogen stations over the next decade, creating the first transnational European network…
Google announced today a series of Power Purchase Agreements (PPAs) across Europe for more than 700 MW of clean energy, enabling the company to reach more than 90% carbon-free energy in areas including the Netherlands, Italy and Poland, and close to 85% in Belgium in the next two years. According to Google, the new agreement marks a significant step towards…
AXA Investment Managers (AXA IM) announced today the appointment of Thomas Coudert as Head of Sustainability, Core Investments, with responsibility for overseeing sustainability across the Core investment platform. Coudert takes on the new role after 17 years at AXA IM, most recently serving as Head of Fixed Income Sustainability. He joined AXA IM’s European Credit team in 2007 and has…
Enterprise sustainability platform Watershed announced today that it has raised $100 million in a Series C funding round, with proceeds aimed at supporting the expansion of its solutions and reach enabling corporate climate action. The fundraising round values Watershed at $1.8 billion, which would make it the most valuable climate software company in the world. Founded in 2019, San Francisco-based…
The Big Issue Group has elected Mark Porter as chair of their social investment arm, Big Issue Invest (BII), replacing departing chair Warren Taylor. Porter has spent over 35 years in the financial services industry in investment management, banking and investor services, which saw him hold a number of executive and board positions within institutional and private equity backed businesses,…
In the dark days of the pandemic lockdowns, there was hope that when the world returned to normal, we would build back better. But the rising cost of living squeezed household budgets throughout 2022 and 2023, and for many workers, take-home pay failed to keep pace with inflation. Unsurprisingly, employees in many sectors have been fighting for better wages and…
By Kirsten Vosen, Audit & Assurance Deloitte Private leader, Deloitte & Touche LLP As 2024 begins, environmental, social, and governance (ESG) considerations are front of mind in many corporate boardrooms, often as never before. Pushed by both regulators and the public, more companies are feeling pressure to disclose how ESG matters can impact their business – both from a risk…
Clean energy investment globally rose sharply in 2023, increasing by 17% to $1.8 trillion, with particularly strong growth in electrified transport and emerging areas including hydrogen and carbon capture, according to a new report by BloombergNEF (BNEF). Despite achieving record levels, however, the report noted that investment remains far below levels needed to align with a Paris-aligned net zero scenario,…