BTG Pactual Timberland Investment Group (BTG Pactual TIG) announced that it has raised $1.24 billion in commitments at the close of fundraising for its Latin American Reforestation Strategy, making it the largest-known reforestation and restoration fund closed to date, according to the firm. BTG Pactual Timberland Investment Group (TIG), a subsidiary of Latin American investment bank BTG Pactual, is one of…

The Financial Conduct Authority (FCA), the UK’s conduct regulator for financial services firms and financial markets, announced an invitation to ESG rating providers to pilot a new proposed reporting regime for ESG ratings. The new pilot project follows the release by the FCA in December of new proposed requirements for ESG ratings providers, launched after the finalization of new legislation…

Netherlands-based insurance and financial services company Achmea announced the launch of its Climate and Nature Transition Plan 2026, setting out the company’s plan to achieve its sustainability ambitions, including its goals to achieve net-zero greenhouse gas (GHG) emissions across its operations and value chain by 2050, and to protect and restore biodiversity through financing and investment activities, integrate biodiversity considerations…

A group of 23 U.S. State Attorneys General* published a letter to Moody’s, S&P Global Ratings and Fitch Ratings, raising concerns over the firms’ incorporation of ESG factors into their credit ratings for companies and jurisdictions. The letter, led by the AGs of Nebraska, Alaska, Florida, and Texas cites alleged violations by the credit rating agencies of federal and state…

Greenhouse Gas (GHG) reporting framework provider GHG Protocol announced today the appointment of sustainability strategy and reporting veteran Tim Mohin to the newly created role of Chief Executive Officer. GHG Protocol was established in 1997 by the World Resources Institute (WRI) and the World Business Council for Sustainable Development (WBCSD) to develop comprehensive global standardized frameworks to measure and manage GHG…

The Bezos Earth Fund announced plans to grant $34 million to support the development of next-generation sustainable fabrics, aimed at reducing the environmental impact of the global fashion industry. The Bezos Earth Fund was founded in 2020, with a $10 billion philanthropic commitment from Jeff Bezos, aimed at funding scientists, activists, NGOs and others driving solutions to fight climate change…

Nuclear technology company TerraPower announced that it has officially started construction on Kemmerer Unit 1, anticipated by the company to be the first utility-scale advanced nuclear power plant in the U.S. Launched in 2008 by Bill Gates, Nathan Myhrvold and John Gilleland, TerraPower is a nuclear innovation company aimed at developing technologies to provide safe, affordable and abundant carbon-free energy….

Schneider Electric announced the launch by its SE Advisory Services consulting practice of Resource Advisor+ for Climate Risk, a new solution aimed at enabling companies to assess and manage their exposure to physical climate hazards. The solution forms part of SE Advisory Services’ new AI-powered energy and sustainability intelligence platform Resource Advisor+, launched by the company earlier this year with initial tools…

Facebook, Instagram, and WhatsApp owner Meta and satellite startup Overview Energy announced an agreement to source solar energy from space to power AI infrastructure in the U.S. Founded in 2022, Virginia-based Overview Energy develops space-based solar power technology which captures solar energy in space and beams it to existing solar facilities on the ground, where it is converted into electricity,…

The World Bank Group announced that it has raised $120 million through the issuance of a new “Spekboom Restoration Outcome Bond,” aimed at financing large-scale ecosystem restoration and job creation in South Africa’s Eastern Cape province, with the new bond underpinned by an Amazon carbon removal offtake agreement. The World Bank said that the bond, maturing in 2040, is its…