Clean iron producer Electra announced that it has raised $186 million in a Series B funding round, with proceeds from the financing aimed at supporting the path to commercializing its technology to decarbonize iron and steelmaking. In addition to financial investors, the round included several strategic investors from across the mining, steel, and consumer sectors, including BHP Ventures, Rio Tinto,…

This week, President Xi Jinping took full advantage of an opportunity to claim global leadership. China’s crisis – President Xi Jinping committed China to an all-economy and all-greenhouse gases climate strategy at a virtual meeting of global leaders co-chaired by the UN and COP30 hosts Brazil. Like most countries, China has yet to submit its nationally determined contribution (NDC) to…

Carbon capture technology startup RepAir announced that it has raised $15 million in a Series A funding round, with proceeds to be used to commercialize the company’s electromechanical solution designed to remove atmospheric and industrial emissions at low cost at scale. Founded in 2020, Israel-based RepAir offers a modular, scalable solution that can capture carbon from diluted sources, and can…

Private markets ESG-focused data solutions provider Novata announced the launch of its new ESG Due Diligence solution, aimed at helping deal professionals streamline sustainability-data collection and management in due diligence pre-investment workflows and post-deal monitoring. According to Novata, the new solution enables users to request, review, and analyze sustainability data prior to investing, and to connect it post-deal, with the…

Global alternative investment manager Apollo announced a commitment to provide up to $220 million to form a new joint venture partnership with renewable energy company Bullrock Energy Ventures focused on community solar projects in New York and New England. This announcement marks the second large-scale deal by Apollo for investment in U.S.-based community solar projects in recent weeks. Earlier in…

Sustainability-focused private equity startup Ardabelle Capital announced today a new strategic partnership and anchor fund commitment from alternative asset management firm TPG’s investment firm seeding and scaling strategy TPG NEXT. Founded in 2024 by former Eurazeo CEO Virginie Morgon, Paris-based Ardabelle targets opportunities presented by the shift to sustainability within the value chain of consumer corporations, or the “Scope 3…

Door has partnered with Parmenion’s investment team to centralise and strengthen its due diligence information-gathering process. Parmenion will be accessing data on Door for all required asset managers and their products, including ESG data. This will allow the team to more easily distribute and collect information from its asset managers, including any updates and ongoing changes. Jasper Thornton-Boelman, investment director…

Goldman Sachs shareholders overwhelmingly rejected two anti-DEI proposals directing the company to consider eliminating its diversity, equity and inclusion-based compensation incentives for executives and to review legal and reputational risks stemming from the firm’s DEI policies, with each proposal receiving only 2% shareholder support at Goldman Sachs’ annual meeting on Wednesday. The vote follows a series of moves by U.S….

More sustainability-labelled funds needed to invigorate the UK market, as interoperability with EU remains a priority.  Labelling rules for UK-domiciled sustainable funds have introduced more transparency and rigour, but there is still work to be done to ensure a wide spectrum of choice for investors.  Finalised in November 2023, the Financial Conduct Authority’s (FCA) Sustainability Disclosure Requirements (SDR) were intended…

Canada’s securities regulators announced that they are pausing their work on the development on key sustainability reporting initiatives, including a new mandatory climate-related disclosure rule and amendments to diversity-related disclosure requirements. According to the Canadian Securities Administrators (CSA), the umbrella organization of Canada’s provincial and territorial securities regulators, the move to pause the development of new sustainability reporting requirements is…