The Pensions Regulator is being encouraged to take its focus beyond disclosure, and issue more guidance that incentivises action. A recent report from The Pensions Regulator (TPR) has revealed a gap between UK pension trustees’ ESG disclosures and their actual processes, with industry pundits calling for new guidance to push ambition. TPR reviewed trustees’ statement of investment principles (SIPs) and…
Sora Fuel Raises $6 Million to Produce Low Cost SAF from Water, Air and Renewable Energy
Sustainable aviation fuel (SAF) startup Sora Fuel, which relies solely on water, air, and renewable energy for its product, announced that it has raised $6 million in a Seed round. Proceeds will be used to expand Sora’s Boston-based team, develop commercialization partnerships, and further advance the company’s technology. SAF is considered essential for decarbonization of the hard-to-abate aviation industry, which…
Quinbrook Raises $3 Billion for Energy Transition Infrastructure Fund
Renewable energy-focused investor Quinbrook Infrastructure Partners announced that it has raised $3 billion for its Net Zero Power Fund (NZPF), aimed at targeting energy transition infrastructure opportunities. The announcement marks Quinbrook’s largest closing to date, with the fund exceeding its initial target. According to Quinbrook, more than half of the proceeds have already been invested and committed, and the company…
Applied Carbon Raises $21.5 Million for Biochar Carbon Removal Technology
Environmental solutions startup Applied Carbon, whose technology converts in-field agricultural crop waste into biochar, announced today that it has raised $21.5 million in a Series A funding round, with proceeds aimed at deploying a fleet of biochar machines across Texas, Oklahoma, Arkansas, and Louisiana. Biochar, or biological charcoal, is produced by heating biomass, such as forest residue, wood or crop…
Climate Tech Investor Planet First Partners Leads $75 Million Capital Raise for Quantum Computing Startup Riverlane
Quantum computing technology company Riverlane announced today that it has raised $75 million in a Series C funding round led by Article 9 growth equity sustainable investment platform Planet First Partners, with proceeds aimed at helping the company meet “surging global demand” for quantum error correction (QEC) technology. Founded in 2016, Cambridge, UK-based Riverlane provides solutions aimed at enabling the…
PwC Appoints Ellen Walsh as Sustainability Executive Sponsor
Professional services firm PwC US announced the appointment of Ellen Walsh as Executive Sponsor of its Sustainability Practice, with responsibility for leading the firm’s efforts to drive long-term growth and deliver investor-grade reporting for clients. The announcement was made alongside the appointment by the firm of Dan Priest as PwC US’ first Chief AI Officer, with the firm stating that…
Citi, IFC Launch $2 Billion Sustainable Supply Chain Finance Program for Emerging Markets
Citi and the World Bank Group’s International Finance Corporation (IFC) announced today the creation of a new $2 billion emerging markets sustainable supply chain finance program, in addition to the launch of a $500 million facility in Mexico as the first project under program. The new program forms part of IFC’s Global Supply Chain Finance Program (GSCF), as its largest…
Stanley Capital, Goldman Sachs Invest in Water Quality Solutions Provider SePRO
Water quality-focused environmental restoration solutions company SePRO announced a majority investment from healthcare and resource efficiency private equity investor Stanley Capital Partners (SCP), alongside Goldman Sachs Alternatives as a minority investor. Founded in 1994, Indiana-based SePRO develops solutions aimed at protecting, preserving and restoring nature, with a focus on plant protection and water resource management products and services. The company’s…