Supply chain traceability solutions provider TrusTrace announced a major upgrade to its platform, utilizing AI data to enable companies to collect, centralize and analyze supply chain and traceability data. Founded in 2016, Stockholm, Sweden-based TrusTrace offers a platform for supply chain traceability and compliance, enabling brands and suppliers to standardize how supply chain and material traceability data is captured, digitized,…
California Governor Gavin Newsom released a revised proposal for the 2025-2026 state budget, containing plans to extend the state’s “Cap-and-Invest” program, requiring major emitters to purchase allowances for carbon emissions above a declining cap, through 2045. According to the budget proposal, the Cap-and-Invest program, which was set to expire in 2030, is anticipated to generate $60 billion over the duration…
ENGIE North America announced an investment by CBRE Investment Management in a portfolio of battery storage assets in Texas and California, in one of the largest battery storage financing transactions to date. Energy storage forms one of the key building blocks for the rapidly expanding clean energy transition, given the intermittent generating nature of many sources of renewable energy, such as wind and…
Enhanced rock weathering (ERW) startup Mati Carbon announced that it has secured a new blended finance facility from J.P. Morgan, with proceeds from the financing aimed at enabling the company to scale its carbon removal business globally. The new financing follows a $50 million award to Mati Carbon as the grand prize winner of the XPRIZE Carbon Removal competition. The…
Impact investment management firm Triodos Investment Management and market index provider STOXX announce the launch of the iSTOXX Triodos Developed Markets Impact Index, enabling institutional investors to construct impact-aligned portfolios. According to the companies, the new index was designed to serve as a benchmark for institutional investors looking to integrate positive and measurable sustainability and social impact into their investment…
ESG-focused software analytics platform provider Datamaran announced the launch of Harbor, a new networking platform aimed at enabling sustainability professionals to connect with peers, access expert insights, and navigate the rapidly changing regulatory landscape. Founded in 2014, London-based Datamaran provides an AI-powered software analytics platform enabling companies to identify and monitor external risks, including ESG factors, offering real-time data on…
The European Parliament’s Committee on Economic and Monetary Affairs (ECON Committee) may propose significant reductions in the number of companies required to comply with the EU’s sustainability reporting and due diligence regulations, going well beyond the cuts proposed by the EU Commission’s Omnibus plan, according to a draft amendments report seen by ESG Today. The draft proposals follow the release…
Microsoft and carbon markets platform Rubicon Carbon announced today the launch of a new agreement which will see Rubicon facilitate the purchase of 18 million tonnes of high-quality carbon removal credits for Microsoft, marking one of the largest-ever commitments by a single corporate buyer in the voluntary carbon market to date. According to the companies, transactions sourced through the new…
Environmental sustainability concerns play a considerable role in the career and consumption choices of Gen Zs and Millennials, with seven out of ten reporting that companies’ environmental credentials are important to choosing employers, and nearly two-thirds saying they are willing to pay more for sustainable products, according to a new survey by global professional services firm Deloitte. For the report,…