As Europe races to keep up with China and the US on clean technologies, state-backed export credit agencies’ role is expected to grow. Export credit agencies (ECAs) must step up their support for Europe’s nascent battery-manufacturing industry if the sector is to attract private investment and compete with Asia and the US, according to Dutch bank ING. Lithium-ion batteries are…
Climate Impact Fintech Doconomy Raises $37 Million to Help Consumers Make Sustainable Choices
Swedish impact fintech company Doconomy announced today that it has raised €34 million (USD$37 million) in a Series B funding round, with proceeds from the financing aimed at expanding the capabilities of its solutions that help consumers make more sustainable choices. Founded in 2018, Doconomy has developed tools for banks to drive climate action and well-being, by enabling users to…
Clean Energy Ventures Raises Over $300 Million for Climate Tech Venture Fund
Climate tech-focused venture capital investor Clean Energy Ventures (CEV) announced that it has raised $305 million at the closing of its second flagship fund, with a target to mitigate 75 gigatons of greenhouse gas emissions by 2050. Founded in 2017, CEV invests in companies commercializing disruptive and capital-light advanced energy technologies and business model innovations that can reshape how energy…
Nearly Half of Sustainability-Labelled Funds May Have to Change Names to Meet New EU Anti-Greenwashing Rules: Clarity AI
More than 40% of investment funds in the EU using ESG or sustainability-related labels may be required to change names or sell assets in order to meet new anti-greenwashing rules, according to a new analysis released by sustainability technology platform Clarity AI. The new report follows the release earlier this month by EU markets regulator the European Securities and Markets…
Brookfield In Talks to Acquire Clean Energy Developer Neoen for $6.6 Billion
Brookfield Asset Management announced today that it has entered into exclusive negotiations to acquire a majority stake in France-based global renewable energy developer at an equity value of €6.1 billion (USD$6.6 billion) from responsible investment company Impala. Founded by Impala in 2008, Neoen is a producer of renewable energy, including solar power, wind power and storage, with assets across 16…
Candriam Launches New Sustainable Equity Emerging Markets Fund
Sustainability-focused asset management firm Candriam announced the launch of its Candriam Sustainable Equity Emerging Markets ex-China Fund, aimed at offering investors with exposure to long-term sustainability themes in emerging markets ex-China. According to Candriam, the new fund was created in response to growing demand in Emerging Markets ex-China, which has been a leading driver of global growth and a relative…
Pernod Ricard Signs Global Sustainable Packaging Agreement with Circular Economy Startup ecoSPIRITS
Wine and spirits producer Pernod Ricard and circular economy solutions provider ecoSPIRITS announced today a new five-year global licensing agreement for the distribution of Pernod Ricard’s spitrits brands using ecoSPIRITS’ circular packaging technology to venues around the world, in a deal aimed at reducing waste and carbon emissions from the production and transportation of bottles and other secondary packaging. Founded…
Energy Capital Partners Raises $6.7 Billion for Energy Transition Infrastructure Buyout Fund
Energy transition and decarbonization-focused infrastructure investor Energy Capital Partners (ECP), announced that it has raised $6.7 billion at the final closing of its fifth flagship equity strategy, ECP V, including capital commitments of $4.4 billion, and an additional $2.3 billion of co-investment capital. The firm added that ECP V’s capital commitments exceeded its initial $4 billion target. Founded in 2005,…
IFS, PwC UK to Launch Sustainability Management and Reporting Solution
Enterprise software company IFS and professional services provider PwC UK announced today a new collaboration to launch a new Sustainability Management Solution on the IFS Cloud platform aimed at supporting companies in meeting sustainability disclosure requirements, including the EU’s new CSRD regulation, and embedding sustainable practices into their business operations. Under the new collaboration, IFS will develop a Sustainability Management…