Nature-based solutions company Living Carbon and renewable energy investor Octopus Energy Generation announced a new agreement today to remove up to 50 million tons of carbon dioxide from the atmosphere through reforestation projects on degraded land in the U.S. Under the new agreement, Octopus’s fund management team is set to invest $500 million into afforestation and reforestation projects in the…

New York City’s pension funds reported that asset managers BlackRock and Fidelity remain “insufficiently aligned” with their net zero expectations, a situation that could lead the public pension system, one of the largest in the U.S., to re-bid or terminate their mandates. New York City’s pension funds represent nearly $300 billion in assets – making them collectively one of the…

Sustainability advisory firm ERM has appointed Louise Pearce as its new Global Leader of Sustainability and Risk, with responsibility for leading the firm’s sustainability and risk agenda across enterprise risk, corporate affairs, internal communications, and health, safety and wellbeing. Pearce takes on the new role from Sabine Hoefnagel, who has held the position since 2022, and was recently appointed Interim…

Canadian banks Scotiabank and RBC revealed that they have retired their 2030 targets to reduce financed emissions for key carbon-intensive sectors, with each bank citing external factors ranging from changes in public policy, energy demand, and slower than requires technology development. Scotiabank also announced that it is dropping its goal to achieve net zero for financed emissions by 2050, while…

French cleantech company ROSI announced it has secured over €20 million (USD$23 million) in funding to scale its high-value photovoltaic module recycling facilities across Europe. Founded in 2017, ROSI specializes in the high-value recycling of end-of-life photovoltaic panels. The company’s process enables the recovery of high-purity strategic raw materials, including silicon and silver, as well as copper, aluminum and glass….

Northern Europe-based asset manager Nordea Asset Management announced that it has been awarded a nearly €1 billion ESG-focused European Covered Bond mandate by ABN AMRO Investment Solutions (AAIS). According to Nordea AM, the new tailor-made strategy, ABN AMRO Nordea European Covered Bonds, will use the firm’s methodology for sustainability in Covered Bonds, including incorporating an exclusion framework and integrating a…

New York City Comptroller Mark Levine announced that the city’s public pension systems have cut their portfolio greenhouse gas emissions footprint by nearly half by the end of fiscal year 2025, putting the funds well ahead of their interim targets towards their 2040 net zero goals. Alongside the financed emissions reduction results, Levine also revealed significant progress in the systems’…

Early-stage venture capital firm Kompas VC announced today the final close of its second fund, Fund II, raising €160 million (USD$187.5 million) to invest in startups focused on for solutions for physical industries that accelerate productivity, resilience and decarbonization. Founded in 2021 by Sebastian Peck, Talia Rafaeli, and Andreas Winter-Extra, Denmark-based Kompas VC focuses on backing industrial technologies aimed at…

PepsiCo, and its suppliers Givaudan, Smurfit WestRock, announced today the signing of a multi-year renewable energy purchase agreement aimed at advancing emissions reductions across the value chain in Europe. The new agreement forms part of PepsiCo’s pep+ Renew program, launched by the company in 2022 in collaboration with energy and automation digital solutions provider Schneider Electric, to help address the…

IBM announced the general availability of the IBM Envizi Emissions API, its new tool aimed at enabling companies to integrate GHG Protocol-aligned greenhouse gas emissions calculations into their existing software, systems and workflows. According to IBM, the launch comes as demand grows for real-time, scalable emissions insights, with the new solution addressing the need for sustainability data tools that can…