The insurer wants to fully decarbonise its supply chain by 2040, says Chief Sustainability Officer Claudine Blamey. This could be a challenging task. In its first climate transition plan, published in 2022, British multinational insurance company Aviva said it wanted to abate its own carbon emissions and those of its suppliers by 2030. Three years on and the insurer’s second…
Mirova, Robeco Launch Platform to Compare Decarbonization Impact of Climate Solutions
Asset managers Mirova, Robeco, and Edmond de Rothschild AM and sustainability-focused consulting firms I Care by BearingPoint and BCG’s Quantis announced today the launch of the Avoided Emissions Platform (AEP), a new tool aimed at enabling investors and companies to assess and compare the decarbonization impact of different climate solutions. According to the companies, the new platform comes to address…
Bloom Biorenewables Raises $15 Million to Produce Sustainable Materials from Plants
Switzerland-based sustainable materials startup Bloom Biorenewables announced that it has raised CHF 13 million (USD$15 million) in a series A funding round, with proceeds aimed at advancing the development of the company’s technology to convert plant material into chemicals, industrial inputs and fuel. Established in 2019, the Bloom Biorenewables transforms natural materials found in biomass to create an alternative to…
ISS Launches New Sustainability Bond Ratings
ISS ESG, the sustainable investment-focused arm of ISS STOXX, announced today the launch of Sustainability Bond Rating, a new rating system aimed at providing investors with sustainability impact and risk assessment for corporate and sovereign green, social, sustainability, and sustainability-linked (GSSS+) bonds. According to ISS ESG, the new rating considers the sustainability impact and risk of the bonds’ issuers, as…
IATA Launches SAF Registry to Facilitate Global Sustainable Aviation Fuel Market
The International Air Transport Association (IATA) announced today the launch of the Sustainable Aviation Fuel (SAF) Registry, a new tool aimed at facilitating a global market for sustainable aviation fuel by tracking SAF transactions and environmental benefits, and connecting buyers and sellers. Fuel accounts for the vast majority of the aviation sector’s emissions. Generally produced from sustainable resources, like waste…