Technology giant Microsoft on Wednesday announced the purchase of 234,000 Rainforest Restoration Carbon Removal Credits from Mexico-based Toroto, a company that develops projects to enhance and restore ecosystems and reduce the impact of climate change. The nature-based carbon credits were generated by a project removing atmospheric carbon dioxide in the state of Campeche, in the Calakmul region of southeastern Mexico….
Cloud-focused infrastructure and software provider Oracle announced today the launch of Oracle Fusion Cloud Sustainability, a new application aimed at enabling companies to manage and report on sustainability initiatives. Forming part of Oracle’s cloud suite of SaaS applications, Oracle Fusion Cloud Applications Suite, the new solution integrates data from across the platform’s enterprise resource planning (ERP) and supply chain and…
Enterprise application software company SAP and global content and technology company Thomson Reuters announced today a new product integration, combining Thomson Reuters’ reporting solution ONESOURCE Statutory Reporting and SAP’s ESG data platform Sustainability Control Tower to offer enterprises a unified ESG reporting solution. Launched in 2021, SAP Sustainability Control Tower was designed as a central location for all sustainability data…
Retraced, a Germany-based online platform that enables apparel brands to digitize, trace, and analyze sustainability compliance and risks in their supply chains, announced Wednesday that it had raised €15 million in a Series A funding round. The round was led by Partech, one of the largest tech investment platforms in Europe, with participation from previous investors Alante Capital, Alstin Capital,…
The U.S. Environmental Protection Agency (EPA) announced the release of a proposed update to its Recommendations of Specifications, Standards and Ecolabels for Federal Purchasing, aimed at helping government purchasers and other buyers to identify environmentally sustainable products. The EPA’s Recommendations are used to help buyers identify thousands of products and services that are more sustainable, climate friendly or contain safer…
HSBC Asset Management announced the launch of the first vintage of its Global Transition Infrastructure Debt strategy, aimed at providing investors with opportunities to finance infrastructure assets facilitating the transition to net zero, in sectors such as clean power, energy efficiency and clean industry. The firm said that the new strategy is rolling out with more than $240 million in…
Google announced today an agreement with Direct Air Capture (DAC) technology company Holocene for the delivery of 100,000 tons of carbon removal credits, with the deal marking the lowest-ever price on record for DAC-based removal, at $100 per ton. DAC technology, listed by the IEA as a key carbon removal option in the transition to a net-zero energy system, extracts…