Sustainability advisory firm ERM announced today an agreement to acquire Australia-based climate risk and energy transition consultancy Energetics, aimed at enhancing its growth in the Asia Pacific region. Founded in 1984, Energetics partners with large businesses, investors and governments, helping them respond to issues including climate change, decarbonization, and the energy transition. With a team of approximately 100 people, the…
Independent Power Producer (IPP) Smart Energies announced today that has raised €87 million (USD$95 million), with proceeds from the financing aimed at accelerating its deployment of small solar sites across Europe, including on roofs, parking lots and small ground-based projects. Founded in 2012, Paris-based Smart Energies develops, finances, builds and operates renewable projects across Europe, with a focus on mid-scale…
A federal court in Australia ruled today that superannuation fund Active Super trustee LGSS Pty Limited contravened the law by making misleading ESG investing representations to its members, by continuing to invest in securities in areas that it had claimed to eliminate for environmental or social reasons. The judgement follows the filing of a suit last year by Australia’s corporate,…
ESG data science company RepRisk announced today the launch of Due Diligence Scores, a new solution aimed at enabling investors and businesses to pinpoint specific company ESG risks across a broad range of themes. According to RepRisk, the new solution comes as investors and companies are facing an expanded set of regulatory requirements to implement sustainability-related due diligence and risk…
Zurich-based carbon removal company Climeworks revealed today its Generation 3 direct air capture (DAC) technology, providing “breakthrough” improvements in efficiency and performance, and forming a step in the company’s plan to scale up to megaton carbon removal capacity. DAC technology, listed by the IEA as a key carbon removal option in the transition to a net-zero energy system, extracts CO2…
Climate-focused investment and advisory firm Pollination announced today the launch of the Climate and Nature Impact Venture Fund, aimed at investing in early-stage climate and nature solutions companies, with a primary focus on Australian startups. The new fund is targeting a final close of $150 million. According to Pollination, the new fund aims to invest in standout companies in “net…
Sustainable aviation fuel (SAF) provider SkyNRG announced today the launch of Project Runway, a new Book & Claim initiative aimed at enabling companies and airlines to address their carbon footprints by accessing SAF, and supporting the growth of the SAF market. Alongside the establishment of the new program, SkyNRG also announced that Microsoft has joined the initiative as the founding…
The volume of climate litigation has increased exponentially over the past 10 years. However, uncertainty about legal outcomes and related costs means that so far, lawsuits have not impacted credit quality. Bruno Bastit, Global Corporate Governance Lead & Sustainability Research Director, and Tommy Englerth, Sustainable Finance Associate Director at S&P Global Ratings, explore: The cumulative number of climate-related cases launched…