Building decarbonization-focused software startup Vizcab announced today that it has raised an additional €4.5 million in its Series A funding, bringing the financing round to €9 million (USD$9.8 million), with proceeds aimed at supporting the company’s growth and expansion into new international markets. Buildings are a key source of global greenhouse gas (GHG) emissions, and also one of the hardest…
EU markets regulator the European Securities and Markets Authority (ESMA) has issued recommendations to adjust proposed sustainability reporting requirements for market-listed small and medium-sized (SME) businesses, with proposals including a requirement for SMEs to report on sustainability-related opportunities and positive impacts, in order to avoid the risk of greenwashing. The recommendations form part of ESMA’s response to a consultation by…
Google announced two new solar power purchase agreements (PPAs) in Japan, its first in the country, supporting the construction of new solar projects that will add 60 MW of clean energy capacity to the Japanese grid. According to Google, the new agreement will contribute to its commitment to power all its operations on 24/7 carbon-free energy (CFE) by 2030. Google…
The European Council announced today that it has approved the Net-Zero industry Act (NZIA), a new law introducing a framework of measures aimed at scaling up Europe’s manufacturing capacity for technologies key to achieving the EU’s climate goals. The announcement marks the last major step in the adoption of the NZIA, following the European Parliament’s approval of the new regulations…
Green logistics-focused startup shipzero announced today that it has raised €8 million (USD$8.7 million) in a Series A funding round, with proceeds from the financing aimed at supporting the company’s growth, and the expansion of the capabilities and reach of its transport emissions management platform. Launched in 2018 by co-founders Mirko Schedlbauer and Tobias Bohnhoff, Hamburg, Germany-based shipzero helps shippers,…
The European Council announced today the approval by member states of regulations for a new “Ecodesign” framework to establish sustainability requirements for nearly all products across the EU, as well as a new ban on the destruction of unsold textiles and footwear. The announcement by the EU Council marks the last major step towards the final adoption of the new…
German power producer RWE announced that it has signed two 15-year power purchase agreements (PPAs) with Microsoft for the purchase of renewable energy from two new Texas-based onshore wind farms, with a combined capacity of 446 MW. The two new renewable energy projects include RWE Peyton Creek II and the Lane City project. Peyton Creek II, currently under construction, is…
This week in ESG news: 80% of companies see sustainability as revenue and profit driver, Morgan Stanley survey finds; EU passes environmental, human rights sustainability due diligence law; Holcim to build €500 million net zero cement plant; tech giants launch carbon removal buyers coalition; Bloomberg survey finds most lawyers don’t expect SEC climate disclosure rule to survive intact; Diageo decarbonizes…