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Social Risks of MDB-backed Projects Going Unnoticed

Lack of community consultation and accountability frameworks are undermining efforts to fund a just transition, campaigners argue.  Multilateral development banks (MDBs) need to do more to identify and mitigate potential societal harms when financing companies and projects contributing to the net zero transition, according to the NGO Accountability Counsel.   “When considering how to achieve a just transition, the main thing…

Social Risks of MDB-backed Projects Going Unnoticed

Lack of community consultation and accountability frameworks are undermining efforts to fund a just transition, campaigners argue.  Multilateral development banks (MDBs) need to do more to identify and mitigate potential societal harms when financing companies and projects contributing to the net zero transition, according to the NGO Accountability Counsel.   “When considering how to achieve a just transition, the main thing…

Investors Can Calm Troubled Waters

As climate-related risks worsen, including droughts and torrential rainfall, WTW’s Matt Huxham says investors can help improve the resiliency of the UK water industry. To say it has been a difficult few years for the UK water sector is an understatement, with public anger over the quality of water and wastewater management services forcing the regulator to take a heavy…

Nasdaq Provides Access to IRA Clean Energy Tax Credit Market in Collaboration with Sustainable Fintech Crux

Nasdaq Provides Access to IRA Clean Energy Tax Credit Market in Collaboration with Sustainable Fintech Crux

Capital markets technology and exchange company Nasdaq announced a new collaboration between Nasdaq ESG Solutions and sustainable financial technology company Crux, aimed at enabling clients to advance sustainability objectives and realize cost savings by taking advantage of the Inflation Reduction Act’s clean energy transferable tax credits. Passed by the U.S. in 2022, the Inflation Reduction Act (IRA) allocated nearly $370…

We Can Balance Burgers and Biosphere

Integrated data supply chains can turn the beef industry into a sustainability leader, says Rob Waterworth, Chief Science and Innovation Officer at FLINTpro. At the heart of the agricultural sector lies a pressing challenge: how can we feed a growing global population while addressing climate change and ensuring environmental stewardship? This challenge has tested policymakers, investors, farmers and consumers for…

A Red Light for Greenwashing

Supervisors and service providers must bolster trust in sustainable investment products, insists Anyve Arakelijan, Policy Advisor at EFAMA. Sustainable investing is still a relatively nascent industry, often lacking clear and comparable ESG criteria and the data required to assess these. Growing demand and availability of sustainable investments, combined with a wave of often inconsistent regulations, have added significant complexity for…

Integrity, Flexibility and the Carbon Markets

Maria Eugenia Filmanovic, Co-founder of Abatable, explains how the VCMI’s new Scope 3 Claim could support firms struggling to reduce their supply chain emissions.   The Voluntary Carbon Markets Integrity Initiative (VCMI) was established in 2021 in response to concerns that companies making carbon neutrality claims based on their use of carbon credits to offset their emissions were greenwashing. VCMI’s…

TPG Acquires Industrial Emissions Reduction Tech Company Miratech to Address Growing Data Center Opportunity

TPG Acquires Industrial Emissions Reduction Tech Company Miratech to Address Growing Data Center Opportunity

TPG Rise Climate, the climate investing strategy of TPG’s global impact investing platform, TPG Rise, announced today the acquisition of industrial aftermarket emissions reduction solutions provider Miratech, citing opportunities to address the emissions challenge created by growing power demand from increasing data center usage. Marc Mezvinsky, Partner at TPG and a senior member of the firm’s climate investing team, said:…

Investors Make Case for Paris-like AMR Guidance

Statement urges global leaders to create a unifying set of “evidence-based steps” to tackle antimicrobial resistance. Eighty global investors representing US$13 trillion in combined assets have renewed calls for global alignment in the fight against antimicrobial resistance (AMR), highlighting rapidly growing threats to human and animal health and the economy. The initiative comes ahead of the UN General Assembly’s second…

Sustainable Materials Producer 6K Raises $82 Million

Sustainable Materials Producer 6K Raises $82 Million

Sustainable engineered materials producer 6K announced today that it has raised $82 million at the first close of its Series E funding round, with proceeds aimed at enabling the company to scale up production. 6K said that it expects a second close of the Series E round later this year. Founded in 2014, Massachusetts-based 6K develops advanced materials for markets…