Sustainability advisory firm ERM, supply chain intelligence platform Secaro, and pharmaceutical company AstraZeneca announced the launch of the Clean Heat Program, a new initiative aimed at reducing emissions from industrial heat across global supply chains. Industrial process heat remains a major obstacle to corporate decarbonization efforts, accounting for approximately 18% of global greenhouse gas emissions. Despite increasing regulatory pressure, energy…
Berlin-based nanotechnology startup Level Nine announced that it has raised €4 million (USD$4.6 million) in a seed funding round to support the scale-up of its catalyst technology enabling the production of industrial chemicals from bio-based materials, instead of fossil fuels. Founded by Seadna Quigley and Dr. Emily Sheridan in 2023, Level Nine develops nanozyme-based catalysts designed to convert biomass and…
Home appliance manufacturer Whirlpool announced a series of new climate-related goals, including a new commitment to reach net zero greenhouse gas (GHG) emissions across the value chain by 2050. The company added that its new near- and long-term net zero targets have been validated by the Science Based Targets initiative (SBTi). The new near-term targets include goals to reduce operational…
Guest post by: Laura Zizzo, Founder & Chief Strategy Officer, Manifest Climate Framing the Omnibus I package as driving ‘competitiveness’ misses a key point about competitive advantage in the 21st century. Last month, the EU officially passed the Omnibus I simplification package, significantly scaling back its proposed climate disclosure regulations. This is a big deal: more than 90% of the…
India-based energy and industrial conglomerate Reliance Industries announced the signing of a new $3 billion green ammonia supply agreement with South Korean construction and engineering company Samsung C&T, marking one of the largest long-term green ammonia offtake agreements globally to date. Hydrogen, and related materials like ammonia, are viewed as one of the key building blocks of the transition to…
The UK government announced the launch of its Fusion Strategy, setting out its vision for the development of a domestic commercial fusion industry, and outlining its plans to invest £2.5 billion (USD$3.3 billion) over the next 5 years for initiatives including the development of a prototype fusion power plant anticipated to be completed by 2040. Fusion, the process of combining…
HSBC has appointed Sophie Brucale as Head of Sustainability for Europe, responsible for leading HSBC’s sustainability agenda across Europe. Brucale takes on the new role after nearly 20 years at HSBC, most recently serving as Head of ESG & Reputational risks – Enterprise Risk Management since 2022. Additional roles she has held at the bank include Deputy Head of Operational…
Global delivery giant FedEx announced the launch of a new reusable packaging system aimed at enabling B2B shippers to move away from single-use packaging, reduce waste, and cut carbon emissions. The new system was developed in collaboration with logistics-focused reusable packaging provider Returnity. Founded in 2016, New York-based Returnity develops reusable packaging systems for logistics, retail and e-commerce supply chains….