Carbon capture technology firm Mitico announced that it has raised $4.3 million in seed funding, with proceeds to be used to pilot and scale its technology, which can capture CO2 from a wide range of industrial sources. Established in 2022, California-based Mitico provides carbon capture, utilization, and storage services to industrial point source customers. The company has implemented a system…
Carbon removal platform Puro.earth announced the appointment of Jan-Willem Bode as its new President, in addition to announcing two other senior appointments. The changes are part of an effort to improve organizational structure and work towards the firm’s goal of accelerating carbon dioxide removal at scale. Bode has worked in the area of climate finance, corporate sustainability, project development and…
The LEGO Group announced the introduction of tire pieces in its toy sets containing recycled materials, forming part of the company’s efforts to increase the use of sustainable materials in its products and reduce reliance on virgin fossil fuel-based ingredients. According to the LEGO Group, the new tires contain “rSEBS,” a material created by repurposing discarded ropes and nets from…
International banking group Standard Chartered announced the release of its inaugural Transition Plan, outlining its detailed plan to achieve its climate goals, including its target to reach net zero emissions across its financing activities by 2050. Among the key actions outlined in the document was a plan by the bank to engage over the next 12 months with all of its…
European automakers will be given increased breathing room to meet vehicle emissions reduction requirements, according to European Commission President Ursula von der Leyen, with a proposal to give them more time to comply with CO2 targets, enabling companies to avoid significant penalties that are slated to start this year. The EU adopted a series of clean mobility regulations in 2023,…
Other authors: Dušan Stojković On 26 February 2025, the European Commission (“Commission”) published its “Omnibus I” or “Sustainability Omnibus” package as part of its mission to improve the competitiveness of the European Union. The Omnibus Package foresees changes to several EU instruments pertaining to sustainability reporting under the Corporate Sustainability Reporting Directive (“CSRD”) and Taxonomy Regulation, sustainability due diligence under the Corporate Sustainability…