Sustainability management solutions provider Optera announced today the launch of its Outreach module as part of its Supply Chain Manager solution, adding new capabilities aimed at helping companies to efficiently collect emissions data from suppliers. The new capabilities come as companies globally face increasing regulatory pressure to report on their scope 3, or value chain, emissions, with emerging sustainability reporting…
Virgin Atlantic announced the release of results from Flight100, the first ever transatlantic flight by a commercial airline using 100% sustainable aviation fuel (SAF), including revealing that the use of SAF reduced CO2 emissions by 64%. Virgin Atlantic conducted the flight in November, as part of a consortium that included Rolls Royce, Boeing, University of Sheffield, Imperial College London, ICF…
Canadian enforcement agency Competition Bureau Canada has launched an investigation into athletic apparel company lululemon following complaints of alleged misleading green claims by the company. A Competition Bureau spokesperson confirmed the investigation “into the alleged deceptive marketing practices,” in an emailed statement to ESG Today, noting that “there is no conclusion of wrongdoing at this time.” In a statement provided…
Alternative asset and private equity investor KKR and climate solutions and sustainable infrastructure investment firm Hannon Armstrong Sustainable Infrastructure Capital (HASI) announced today the launch of CarbonCount Holdings 1 LLC (CCH1), a new venture aimed at investing up to $2 billion in “climate positive” sustainable infrastructure projects over the next 18 months. Under the new agreement, KKR and HASI have…
Climate tech startup Electricity Maps announced today that it has raised €5 million (USD$5.4 million), with proceeds aimed at supporting the expansion of its solutions to map global electricity grids and support data-driven decarbonization of the energy sector. Founded in 2016, Copenhagen-based Electricity Maps provides companies with data quantifying the carbon intensity and origin of electricity, helping users understand and…
Multinational pharmaceutical company Teva Pharmaceutical announced a series of new sustainability goals, including targets to achieve net zero emissions across the company’s operations and value chain by 2045 and to reach 100% renewable electricity across all Teva sites by 2035. The new goals were announced alongside the release of Teva’s 2023 Healthy Future Report, outlining the company’s initiatives under its…
Electric vehicle (EV) solutions startup EnviroSpark Energy Solutions announced a $50 million investment from infrastructure-focused investor Basalt Infrastructure Partners, with proceeds to be used to expand its charging network across the U.S. Founded in 2014, Atlanta-based EnviroSpark provides solutions aimed at addressing the pain points of property owners and drivers by enhancing EV accessibility, with services ranging from consultation &…