Dominic Rowles has been promoted to head of ESG at Hargreaves Lansdown (HL) following the consolidation of two teams. The platform said following a re-calibration of accountabilities at exco, Emma Wall will be taking on SMF responsibility for ESG, consolidating ESG reporting, regulation and investment processes for HL as a business, employer, fund manager and platform. Rowles has been promoted to head…
EU Parliament Approves Omnibus Agreement to Cut Sustainability Reporting and Due Diligence Requirements
Lawmakers in the European Parliament approved today a provisional agreement reached last week with EU member states to significantly scale back sustainability reporting and due diligence requirements for companies. The agreement was adopted with 428 votes in favor and 218 against, in addition to 17 abstentions. The approval by MEPs forms one of the last steps towards the final adoption…
Real Estate Sustainability Data Provider Measurabl Appoints Maureen Waters as New CEO
Real estate-focused sustainability data technology provider Measurabl announced today the appointment of Maureen Waters as its new CEO. Founded in 2013, San Diego-based Measurabl provides a data management platform enabling commercial, residential and corporate real estate owners and asset managers to measure, manage, and report sustainability data, in order to assess and mitigate exposure to physical climate risk, comply with…
Google Signs 21-Year Clean Energy Deal with TotalEnergies to Power Malaysia Data Centers
Google and TotalEnergies announced today a new long term Power Purchase Agreement (PPA), providing the tech giant with a total volume of 1 TWh of renewable energy to supply its data centers in Malaysia. Under the new PPA, TotalEnergies will supply Google with certified renewable power from the Citra Energies solar plant, a new project in Malaysia’s northern Kedah province. TotalEnergies…
HASI, KKR Double Down on U.S. Sustainable Infrastructure Platform with New $1 Billion Commitment
Alternative asset and private equity investor KKR and climate solutions and sustainable infrastructure investment firm HA Sustainable Infrastructure Capital (HASI) announced an agreement to commit an additional $1 billion, including $500 million from each firm, into their clean energy infrastructure-focused co-investment platform CarbonCount Holdings 1 (CCH1). Launched in 2024 as a strategic partnership by KKR and HASI, CCH1 provides long-term…
BlackRock Loses $5.9 Billion Mandate with Dutch Pension Fund Over ESG Stance
Netherlands-based pension fund pension fund manager PME Pensioenfonds announced a decision to end its relationship with BlackRock as a manager for its equity portfolio, following an ESG-focused review of its external asset managers. The announcement marks the second significant ESG-related mandate loss for BlackRock from a Dutch pension fund, following a decision earlier this year by pension fund PFZW to…
SuperCircle Raises $24 Million to Help Retail Brands Make Money Recycling End-of-Life Textiles
Circular technology and logistics startup SuperCircle announced that it has raised $24 million in a Series A funding round, with proceeds aimed at scaling its AI-powered platform to help retail and fashion brands reduce waste and realize value from end-of-life textiles. According to the company, the new financing comes as nearly $163 billion of unsold inventory is discarded globally each…