Alternative asset and private equity investor KKR announced an agreement to acquire a 50% stake in a portfolio of solar energy assets from TotalEnergies, in a transaction valuing the portfolio at an enterprise value of $1.25 billion. The portfolio includes six large-scale solar projects totalling 1.3 GW and 41 smaller distributed generation sites adding another 140 MW, primarily based in…
KKR Acquires 50% Stake in $1.25 Billion North America Solar Portfolio from TotalEnergies
Alternative asset and private equity investor KKR announced an agreement to acquire a 50% stake in a portfolio of solar energy assets from TotalEnergies, in a transaction valuing the portfolio at an enterprise value of $1.25 billion. The portfolio includes six large-scale solar projects totalling 1.3 GW and 41 smaller distributed generation sites adding another 140 MW, primarily based in…
Apple Launches Project to Restore Forests, Generate Carbon Credits
Apple announced the launch of a new sustainable forest management project, investing in the restoration and protection of thousands of acres of coastal redwood forest in California. Under the project, Apple has invested in the long-term restoration and sustainable management of the Gualala River Forest in Mendocino County, California, part of a large stretch of coastal redwood forestland housing hundreds…
IBM Launches Tool Enabling Companies to Integrate GHG Emissions Calculation into Data Tools
IBM announced the launch, in preview, of its new IBM Envizi Emissions API, a new tool aimed at enabling organizations to integrate greenhouse gas (GHG) calculations into the data tools that they currently use or are developing. The new solution forms part of IBM’s ESG data platform, the Envizi ESG Suite. IBM acquired Envizi in 2022, as part of its efforts…
Most Companies Say Pressure for Sustainability Reporting Increasing Despite Regulatory Pullback: PwC Survey
A majority of companies subject to CSRD or ISSB disclosure requirements say that pressure from a variety of stakeholders including investors and customers to provide sustainability reporting and data has continued to increase over the past year, despite regulators in some areas pulling back on mandatory disclosure requirements, with most also increasing investments in sustainability reporting capabilities, according to a…
Singapore Central Bank, Regulator MAS Appoints its First Dedicated Chief Sustainability Officer
The Monetary Authority of Singapore (MAS), the central bank and financial regulator of Singapore, announced today the appointment of Abigail Ng as its first dedicated Chief Sustainability Officer. Ng has been with MAS for nearly 20 years, most recently serving as Department Head of the Markets Policy & Consumer Department. Ng takes on the CSO position upon the departure from…
OXCCU Raises $28 Million to Turn Waste Carbon into Low-Cost Sustainable Aviation Fuel
UK-based climate tech startup OXCCU announced today that it has raised £20.75 million (USD$28 million) in a new Series B funding round, with proceeds from the financing aimed at supporting the scaling and commercialization of its technology to convert waste CO2 and green hydrogen directly into affordable sustainable jet fuel. Fuel accounts for the vast majority of the aviation sector’s…
ESG Today: Week in Review
This week in ESG news: China sets first-ever emissions reduction goal, while Trump calls climate change a “con job”; Microsoft buys green steel for its data centers; California releases list of over 4,000 companies required to report under new climate disclosure laws; Mars achieves new renewable energy milestone; EU plans to delay key supply chain deforestation law for another year;…
DHL, Hapag-Lloyd Sign Deal to Decarbonize Ocean Shipping with Sustainable Fuels
Freight company DHL Global Forwarding and container shipping company Hapag-Lloyd announced today a new three-year agreement aimed at enabling Scope 3 greenhouse gas (GHG) emission reductions through the use of sustainable marine fuels in Hapag-Lloyd’s fleet for ocean shipping. The new agreement utilizes a “book and claim” chain of custody mechanism, which enables customers to claim Scope 3 emission reduction for…
Cleantech Startup Brineworks Raises $8 Million to Scale Low-Cost DAC Carbon Removal Tech
Cleantech startup Brineworks announced that it has raised €6.8 million (USD$7.95 million) in funding, with proceeds aimed at advancing its technology enabling renewable energy-powered, and low-cost Direct Air Capture (DAC) carbon removal and clean fuel production. DAC technology, listed by the IEA as a key carbon removal option in the transition to a net-zero energy system, extracts CO2 directly from…