The LEGO Group announced a series of carbon removal investments, expanding the company’s carbon portfolio with both nature-based and technology-based projects. The move builds on existing collaborations with climate solutions providers Climate Impact Partners and ClimeFi, which have included investments in a range of carbon removal technologies such as biochar, enhanced rock weathering, and reforestation projects. Under the new agreements,…
Investment manager Vanguard has agreed to pay $29.5 million, and to take a series of steps to avoid imposing ESG goals on portfolio companies, to settle a multi-state lawsuit that alleged that it conspired with BlackRock and State Street to use sustainable investment initiatives to manipulate coal markets. In a statement announcing the settlement, Texas Attorney Ken Paxton, who launched the…
Spanish bank BBVA announced a significant increase in its sustainable finance activity over the past year, with its sustainable business channeling €134 billion (USD$158 billion) in capital in 2025, growing by 44% over the prior year, and achieving a new record for the bank. The results indicate a further acceleration in the latter half of the year, with sustainable finance…
Snacking, food, and pet care products provider Mars announced the launch of its new Mars Impact Fund, aimed at investing philanthropic capital targeting key themes including community resilience, scientific opportunity, and animal wellbeing. The company said that it is launching the new fund with an initial $85 million allocation between 2025 and 2027, with annual funding of at least $50 million…
Renewable energy provider Atlas Renewable Energy announced that it has secured $3 billion in refinancing to support its clean energy portfolio in Latin America, marking the largest corporate refinancing for non-conventional renewable energy in the region to date Founded in 2017, Miami-based Atlas Renewable Energy specializes in developing and operating large-scale clean energy projects, primarily in Latin America. The company was acquired in 2022 by…
Meta announced that it has signed a Power Purchase Agreement (PPA) with renewable energy and battery storage company MN8 Energy for the production of 80MW of energy from a new solar project in Pennsylvania. Meta, the owner of Facebook, Instagram, and WhatsApp, has set a target to reach net-zero emissions across its value chain by 2030. According to a recent…
The UK government announced the release of the finalized UK Sustainability Reporting Standards (UK SRS), based on the sustainability and climate-related standards developed by the IFRS Foundation, aimed at enabling companies to provide consistent and standardized reporting on sustainability and climate-related financial information, risks and opportunities, aligned with international frameworks. While the government endorsed the standards for voluntary use, it…
Paris-based international banking and investment group Crédit Agricole announced today the appointment of former French government cabinet minister Quentin Guerineau as its new Chief Sustainability and Impact Officer. The new appointment follows the recent departure of the bank’s former Chief Sustainability and Impact Officer, Éric Campos, who announced his exit from Crédit Agricole late last year, and now serves as…
Climate-focused investment management coalition the Net Zero Asset Managers (NZAM) initiative announced its official relaunch on Wednesday, with more than 250 asset management signatories, including some of the largest global investment firms – but with some notable absences as well. The NZAM coalition relaunch includes the release of a new signatory commitment, which appears to carefully navigate the initiative’s alignment…