Microsoft announced the purchase of 80,000 Tons of Carbon tons of carbon removals from the Northern California-based Western Rivers Conservancy’s Blue Creek Improved Forest Management Project, facilitated by climate solutions provider 3Degrees. Managed by Oregon-based non-profit conservation organization, Western Rivers Conservancy (WRC), the project generates carbon and sustainable timber revenue, rejuvenating old-growth habitat and improving the health of the Blue…

Commercial real estate services and investment firm CBRE announced today the acquisition of Singapore-based sustainability advisory firm Paia Consulting, with the transaction aimed at significantly expanding CRBE’s sustainability offerings for occupier and investor clients. Founded in 2002, Paia provides advisory services aimed at helping companies assess ESG risks and opportunities, and implement sustainable solutions, with a focus on sustainability strategy,…

Goldman Sachs Asset Management’s alternative investments platform Goldman Sachs Alternatives announced today a $440 million strategic investment in renewable power company BrightNight, with proceeds aimed at supporting the company’s independent power producer (IPP) business model and the buildout of its utility-scale portfolio across the U.S. Teresa Mattamouros, Managing Director in Infrastructure at Goldman Sachs Alternatives, said: “Demand for renewable energy…

Global issuance of labelled sustainable bonds – including green, social, sustainability, sustainability-linked, and transition bonds – declined sharply in the second quarter of 2024, as fewer new issuers entered the market and issuers contend with regulatory scrutiny, according to a new report released by Moody’s Ratings. Despite the decline, however, Moody’s notes that the sustainable bond market remains on track…