Issuance volumes of green, social, sustainability and sustainability-linked (GSSS) bonds rebounded sharply in Q1 2024 over the prior quarter, rising 36% to $281 billion, up from $207 billion in Q4 2023, according to a new report from Moody’s Investors Service. On a year-over-year basis, sustainable bond issuance rose marginally from $279 billion from its strong performance in Q1 2023, with…
Brookfield Asset Management and its clean energy platform Brookfield Renewable announced today a new 5-year global renewable energy framework agreement with Microsoft, for the development of more than 10.5 GW of new clean energy capacity in the U.S. and Europe. The announcement marks the largest-ever corporate clean energy purchase deal, and is nearly 8 times larger than the largest single…
Carbon removal buyer coalition Frontier announced that it has facilitated a new set of carbon removal agreements totaling more than $58 million with biomass carbon removal and storage (BiCRS) provider Vaulted Deep, on behalf of a group of corporate buyers that include Stripe, Alphabet, McKinsey, H&M and JPMorgan Chase, among others. Under the new agreements, Vaulted Deep will remove and…
Carbon management software startup Carbonfact announced that it has raised $15 million with proceeds from the financing aimed at supporting its solutions to help the fashion industry automate environmental data collection and reporting. Founded in 2021, Paris, France-based Carbonfact provides solutions for apparel, luxury, and footwear brands measure, report and reduce emissions, and to meet regulations such as the EU’s…
Goldman Sachs Asset Management’s alternative investment platform Goldman Sachs Alternatives announced an agreement to acquire UK environmental risk reduction specialist Adler & Allan from private investment advisory firm Sun European Partners. Founded in 1926, Harrogate-based Adler & Allan provides environmental risk reduction services, supporting organizations in managing, improving, maintaining, and upgrading their critical infrastructure across the entire asset lifecycle across…
IBM announced that it has expanded the capabilities of its ESG data collection, analysis and reporting platform IBM Envizi, with features in the platform’s ESG Reporting Frameworks module aimed at helping organizations meet the reporting requirements of the EU’s Corporate Sustainability Reporting Directive (CSRD). The CSRD, which began applying to some companies as of the beginning of 2024, will significantly expand…