Google announced that it has signed a new agreement with Brazil-based Mombak, to purchase 200,000 tons of CO2 removal, generated through the restoration of degraded land in the Amazon by planting native, biodiverse forests. The agreement marks a significant expansion of the relationship between the companies, following an initial 50,000 ton deal between Google and Mombak announced last year. Founded…
IKEA announced that the Inter IKEA Group has launched a new project with BTG Pactual Timberland Investment Group (TIG) to protect, restore, and responsibly manage degraded and low-productive land in an endangered ecosystem in Brazil. Inter IKEA Group is the group of companies that connects IKEA franchisees with range development and suppliers, and is responsible for aligning the overall IKEA strategic…
The European Commission announced the launch of its new Sustainable Transport Investment Plan (STIP), setting out its roadmap and planned investments to dramatically accelerate the production of sustainable and low-carbon fuels needed to help reach its aviation and maritime transport sector decarbonization goals. The new plan follows the adoption in 2023 by EU lawmakers of ReFuelEU Aviation and FuelEU Maritime…
Swedish engineering and manufacturing company SKF announce the launch of the Global Patent Bay, a new platform that allows innovative companies and individuals to share patents freely in an effort to accelerate sustainable technology development. The company said that the launch of the new hub comes ahead of COP30 in Brazil, which is set to commence on 10 November. According…
HSBC announced the release of its 2025 Net Zero Transition Plan, setting out the bank’s updated strategy and implementation plan, as well as its progress to date, towards achieving its climate transition goals. With the release of the updated plan, HSBC reaffirmed its ambition to become a net zero bank, including its target to achieve net zero across its financed…
Sustainability platform Sustaira announced the launch of a new series of Industry-Specific Sustainability Suites, aimed at enabling companies to tackle decarbonization, climate risk management, and other sustainability issues most relevant to their individual sectors. The new solutions launch with suites specific to seven sectors, including Industrial, Construction, Energy & Utilities, Finance, Education & Public Sector, Logistics, and Consumer Goods &…
Netherlands-based life sciences-focused venture capital investor Forbion announced today that it has raised €200 million in commitments for its Forbion BioEconomy Fund I, aimed at investing in investing in companies with biology-based industrial sustainability solutions. According to Forbion, the fund significantly exceeded its initial €150 million target, closing at its €200 million hard cap. Investors in the fund included KfW…
Unilever’s Chief Sustainability and Corporate Affairs Officer Rebecca Marmot announced that she is stepping down after more than 6 years in the top sustainability role at the global consumer brands giant. In a LinkedIn post announcing the move, Marmot said: “In July, I announced that I would be stepping down as Chief Sustainability & Corporate Affairs Officer at Unilever to…
Grid technology-focused startup Infravision announced that it has raised $91 million in Series B funding round, with proceeds aimed at accelerating the deployment of its aerial robotics-based solution for power grid construction and maintenance. Founded in 2018 by robotics engineer Cameron Van Der Berg and military veteran Chris Cox, Texas-based Infravision provides technology designed to streamline large-scale grid construction. The…
Following a marathon negotiating session stretching into early Wednesday morning, the European Union’s member states have reached an agreement that could allow the EU to formally establish its next set of climate goals, including a target to reduce greenhouse gas (GHG) emissions by 90% by 2040. The agreement followed pushback on the EU’s proposed emissions reduction goals from several member…