Carbon-crediting platform Puro.earth announced that it has raised €11 million (USD$12.8 million) in a Series B funding round, with proceeds aimed at strengthening its carbon removal supplier certification infrastructure. Founded in 2018, Puro.earth provides a platform bringing together suppliers of carbon net-negative technologies and companies looking to reduce or counter their carbon footprints. Through Puro.earth’s platform, and based on its…
Sustainability software and advisory company Position Green announced today the acquisition of ESG reporting and compliance solutions provider Greenomy, in a move described by Position Green as “consolidating Europe’s fragmented sustainability tech market.” The transaction follows Position Green’s acquisition in August of carbon management software provider Morescope. According to Position Green, the company is building a comprehensive ESG platform aimed…
Dutch pension fund PFZW revealed significant changes in its external investment manager lineup, including pulling approximately €29 billion (USD$34 billion) in mandates from BlackRock and LGIM, as it implements a shift in its investment policy towards a more sustainability and active management focus. In a statement provided to ESG Today, a PFZW spokesperson said: “PFZW has been developing a new…
By: Maria Grazia Cafagna, Director, ESG & Regulatory Solutions, CCH Tagetik, Wolters Kluwer If your organization has missed its climate targets, you’re not alone. A 2025 Nature Climate Change study found that almost 40% of companies missed their 2020 targets, or have stopped reporting entirely. However, missed targets and paused reporting aren’t all that surprising, especially given the significant challenges,…
Visa partnered with Ample Earth, a UK-based climate fintech, to bring sustainability data into the payment ecosystem. Through the partnership, Visa and Ample Earth aim to embed sustainability data into digital banking apps and loyalty programs. This will allow banks to better segment customers and create new ways to engage, empower, and reward sustainable choices. Visa described the initiative as…
Blackstone-backed sustainability and operational risk management software platform Sphera announced today a “significant growth investment” from Neuberger Berman Capital Solutions (NBCS). Terms of the transaction were not announced, although Blackstone private equity funds will retain a majority stake in Sphera. According to Sphera, the new investment will support the company’s next phase of growth, with founding CEO and President Paul…
Sustainable infrastructure investor and operator announced today the appointment of former U.S. DOE Under Secretary for Infrastructure David Crane as its new CEO and Chairman of the board. Crane is taking over the CEO role from Generate co-founder Scott Jacobs, who has served in the role for over ten years. Generate said that the new appointment comes as the firm…
Business and financial markets information service provider Bloomberg announced today the launch of the Bloomberg Screened Choice Indices, a new suite of equity benchmarks designed to enable investors to integrate their own choice of sustainability exclusions into their portfolios. According to Bloomberg, the new index suite uses a modular methodology that bundles exclusions into the six most common exclusion themes,…
The Science Based Targets initiative (SBTi) announced the release of its initial draft of its Power Sector Net-Zero Standard, aimed at enabling companies across the power sector, including those involved in power generation, transmission and distribution, and electricity storage, trade and retail, to set near- and long-term goals aligned with achieving net zero by 2050. Among the key new net…