Regulatory pressure over greenwashing increases as deadlines approach for widespread incorporation of sustainable fuel. An investigation by the European Commission (EC) into potentially misleading claims by airlines and sustainable aviation fuels (SAFs) is not expected to lead to direct sanctions, but leaves firms and their investors open to reputational risk. At the end of April, the EC and EU consumer…
Galvanize, Lightrock Invest in Clean Energy Tech Company Octopus Energy Group
UK-based clean energy tech company Octopus Energy Group announced backing from new sustainability-focused investors including Galvanize Climate Solutions and Lightrock. According to Octopus, the new investments were made at a company valuation of $9 billion, up 15% from its recent $800 million capital raise in December 2023. Launched in 2016, UK-based Octopus Energy Group is made up of 10 businesses…
Wolters Kluwer Launches New Carbon Emissions Reporting Solution
Professional services and information solutions provider Wolters Kluwer announced today the launch of CCH Tagetik ESG & Sustainability for Carbon Emissions, a new solution aimed at supporting companies in managing and reporting Scope 1, 2, and 3 carbon emissions data. The new solution was launched as part of Wolters Kluwers’ corporate performance unit CCH Tagetik’s ESG and sustainability customer offering….
ICVCM Approves its First “Core Carbon Principles”-labelled Carbon Credits
Carbon markets non-profit the Integrity Council for the Voluntary Carbon Market (ICVCM) announced today the approval of the first-ever carbon credits to be labelled with its Core Carbon Principles, marking a milestone towards the establishment of an integrity standard to facilitate transparency and growth of the voluntary carbon markets. Demand for carbon offset projects and related credits is expected to…