French and German retrenchment and lack of due process risk reduction in transparency to the detriment of investors. EU member states and businesses are driving the direction of the looming omnibus package of sustainable finance reforms, with the desire to ‘streamline’ legislation overriding investor interests. France’s government has called for an indefinite delay to a key piece of legislation, the…
Sustainable Lending Startup Colesco Raises Over $800 Million
Sustainability-focused direct lending startup Colesco Capital announced that it has raised over €800 million (USD$839 million) at its first platform close, with proceeds aimed at investing in companies providing solutions to environmental and societal challenges. Founded in the Netherlands in 2023, Colesco provides senior secured debt and subordinated debt to European mid-market companies seeking to achieve sustainable growth ambitions. The…
esVolta Raises $243 Million for Texas Battery Energy Storage Projects
Utility-scale energy storage project developer esVolta, announced that it has secured equity investment for three projects in Texas. The funds, along with proceeds of the sale of investment tax credits, is expected to provide a total of $243 million in financing for the projects. California-based esVolta was established in 2017. The company currently has a portfolio of operational and in-construction…
How Rio AI Can Help You Drive Decarbonisation Through Sustainability Accounting
Achieving decarbonisation in the oil and gas sector is a complex but urgent challenge. With increasing regulatory pressures, stakeholder demands, and global climate goals, sustainability managers need actionable insights to identify and address emissions hotspots. That’s where Rio AI comes in.
How to Use Sustainability Accounting to Pinpoint Carbon Hotspots in Your Operations
As the global focus on decarbonisation intensifies, the oil and gas sector faces mounting pressure to reduce its greenhouse gas (GHG) emissions. Sustainability accounting offers a practical approach to identifying and addressing the carbon-intensive aspects of your operations. By systematically measuring and reporting environmental data, it’s possible to uncover the specific areas or “carbon hotspots” that contribute most significantly to…