Interoperability is key to ensuring investors and corporates are aligned, says IFVI chief, ahead of finalising GHG-based methodology. A new partnership between the International Foundation for Valuing Impact (IFVI) and Global Reporting Initiative (GRI) aims to encourage widespread adoption of impact management and accounting by corporates and investors through greater standards interoperability. “The Memorandum of Understanding (MoU) is a recognition…
Sustainable Food Startup Novameat Raises $19 Million to Scale Plant-Based Meat Production
Novameat, a Barcelona-based sustainable food technology company that develops alternative meat products, announced Thursday that it raised €17.4 million (USD$19.2 million) in an oversubscribed Round A funding round. The funding will be used to scale up production of its current plant-based alternative meat products, as well as launching its new Shredded Nova-b*ef product, set to launch in mid-September. Agriculture has…
Standard Chartered Provides Debt Financing for Carbon Project Developer UNDO
UK-based international banking group Standard Chartered announced today a new debt financing transaction for carbon removal project developer UNDO, completed in collaboration with British Airways, CUR8, CFC and WTW, and aimed at demonstrating a transaction structure enabling the scaling of finance for Carbon Dioxide Removal (CDR) projects elsewhere. According to the landmark Intergovernmental Panel on Climate Change (IPCC) climate change mitigation…
AllianzGI Raises €560 Million for Impact Credit Fund Supporting SMEs Addressing Environmental & Social Challenges
Allianz Global Investors (AllianzGI) announced that it has raised €560 million in total commitments for its Impact Private Credit Strategy (IPC) at its first closing, more than half of the total sought for this effort. Among those investing in the strategy were some of Europe’s leading institutional investors, including Allianz, APG Asset Management, the European Investment Fund (backed by the…
WaterEquity Raises $100 Million for Water Impact Fund, Backed by Microsoft, Starbucks
WaterEquity, a US-based asset manager focused on social and environmental impact-based investments in the areas of water and sanitation, announced that it had raised over $100 million for its new Water & Climate Resilience Fund, which seeks to bring together investment partners to support efforts to enhance water stewardship, sustainable development, and climate resilience. Among participants in the new Fund…
SEC Fines Keurig $1.5 Million over Coffee Pod Recyclability Claims
The U.S. Securities and Exchange Commission (SEC) announced that it has charged Keurig Dr Pepper Inc. over claims by the company that its coffee pods could be recycled, despite not being accepted by major U.S. recycling companies. Alongside the announcement, the SEC said that Keurig has agreed to pay a civil penalty of $1.5 million to settle the charges, without…
85% of Companies Increased Sustainability Investments Over Past Year, as Execs Expect Direct Business Benefits: Deloitte Survey
The vast majority of large companies across the world have been increasing sustainability-related investments over the past year, as C-suite executives have become more concerned about the impact of climate change on their companies, while simultaneously also become more focused on the direct business benefits and opportunities presented by their climate and sustainability initiatives, according to a new survey released…