Increased supervisory actions and better access to data and other resources will be required to address growing greenwashing risks at banks, investment firms and insurance companies, according to new reports released by Europe’s three primary financial regulatory agencies, the European Supervisory Authorities (ESAs). The ESAs include The European Securities and Markets Authority (ESMA), The European Banking Authority (EBA), and The…
Microsoft announced today the establishment of its “Datacenter Community Pledge,” aimed at ensuring that the company’s growing datacenter footprint serves helps to address societal challenges and create benefits in local communities, and including a series of environmental sustainability and community commitments. In a statement announcing the new commitments, Noelle Walsh, Corporate Vice President, Cloud Operations and Innovation at Microsoft said:…
Clean energy tech startup Aira announced today that it has secured €200 million in debt commitments from BNP Paribas, aimed at facilitating the installation of heat pumps in homes across Germany. Founded in 2022 by impact company builder Vargas, Stockholm, Sweden-based Aira provides clean energy-tech solutions aimed at accelerating the electrification of residential heating, including a high-efficiency heat pump. Heat…
Energy tech startup Xcimer Energy today announced that it has raised $100 million in a Series A financing round, with proceeds to be used to expand its team and demonstrate the viability of its fusion energy technology. Fusion, the process of combining two atoms to form a single atom to release energy, has been long referred to as the “Holy…
Fashion and design brands company H&M Group has expressed concerns over plans by the Science Based Targets initiative (SBTi) to allow the use of environmental attribute certificates (EACs) – and specifically offsetting through voluntary carbon markets (VCM) – to help companies address Scope 3 value chain emissions, in its standard for corporate net zero target setting. In a letter by…
By: Siobhan Archer, Global Stewardship Lead, LGT Wealth Management In the ever-evolving landscape of agriculture and energy, the fusion of artificial intelligence (AI) and nature promises transformative solutions to complex challenges. With a surge in interest around technological solutions, particularly in the Direct Air Capture (DAC) and carbon capture space, but also a growing range of biotech solutions, it’s crucial…
Climate research provider and environmental disclosure system CDP announced today the launch of a new platform, aimed at streamlining and easing sustainability reporting for companies and harmonizing with emerging global standards. As part of the new launch, CDP unveiled a new questionnaire aligned with the IFRS Foundation’s International Sustainability Standard Board’s (ISSB) new climate disclosure standard, IFRS S2, as the…