The Danish pension fund for academics has joined the European asset owners opting for divestment, as fossil fuel companies remain at odds with the Paris Agreement. With more asset owners considering divestment of fossil fuel firms that are misaligned with net zero targets, the campaign group behind policy changes at some pension funds expects to close more loopholes and increase…
Lululemon Launches First-Ever Product Made with New Recycled Polyester Tech, Captured Carbon
Athletic apparel company lululemon athletica announced the launch a limited edition Packable Anorak jacket, its first ever product to be produced using enzymatically recycled polyester, as well as from captured carbon, in what the company described as a “key milestone” in textile recycling and its work to create a circular ecosystem. Polyester is Lululemon’s largest procured material by weight, at…
Windfall Bio Raises $28 Million to Scale Methane-Eating-Microbe Industrial Emissions Solution
Climate solutions startup Windfall Bio announced today that it has raised $28 million in a Series A funding round, with proceeds from the financing aimed at supporting the commercialization of its solution to capture and utilize methane from emissions-intensive industries. Rapid reduction in methane emissions is seen as one of the most effective near-term actions that can be taken in…
Chevron, Carbon Direct Capital Invest $45 Million in Carbon Capture Tech Firm ION Clean Energy
Carbon capture technology provider ION Clean Energy announced that it has raised $45 million from investors including energy giant Chevron’s low-carbon solutions-focused business Chevron New Energies (CNE), who led the round, and carbon management-focused investor Carbon Direct Capital. Founded in 2008, Boulder, Colorado-based ION Clean Energy provides technology aimed at reducing the overall costs of post-combustion carbon dioxide capture, enabling…
BCG-Backed Venture Investor B Capital Announces Senior Appointments to Lead Climate Platform
Multi-stage venture investment firm B Capital announced two senior appointments aimed at expanding its climate investment platform, including Boston Consulting Group (BCG) Global Chair and former CEO Rich Lesser as Vice Chair, Climate & Sustainability and Senior Advisor, and Jeff Johnson as General Partner to lead the climate business. Launched in 2015 by Facebook co-founder Eduardo Saverin and Raj Ganguly,…
ESG Today: Week in Review
This week in ESG news: SEC pauses its new climate disclosure rules; JPMorgan, Citi and RBC agree to disclose new climate finance metric; Deloitte survey finds sharp increase in investors implementing sustainable investment policies; Biden awards $20 billion to boost clean energy financing for low income communities; EY launches new sustainable finance hub; U.S. Steel to capture 50,000 tons of…