Amazon announced a series of milestones towards its water-focused sustainability goals, including reaching 75% in 2025 towards its “water positive” target to return more water than it uses in its data center operations by 2030, and more than doubling its data center water efficiency since 2021. Amazon initially set its water positive goal in 2022, setting out a strategy to achieve…
India-based climate tech startup Alt Carbon and Microsoft announced a new multi-year carbon removal deal, with Microsoft agreeing to purchase 36,920 tons of carbon dioxide removal (CDR) credits, generated from Alt Carbon’s Darjeeling-focused enhanced rock weathering (ERW) project. The agreement marks Microsoft’s first ERW-based carbon credit purchase deal in Asia, and also provides Microsoft with the opportunity to purchase additional…
Logistics giant DHL Group announced plans to invest approximately €160 million (USD$186 million) in France between 2026 and 2027, with a focus on strengthening its logistics infrastructure and supporting its clean energy transition. According to DHL, a significant portion of the new investment will be directed toward sustainability initiatives supporting its goal of achieving net-zero greenhouse gas emissions from logistics-related…
Safety and operational risk management software provider Novara announced the acquisition of AI-powered sustainability performance management platform Ensogo, with the transaction aimed at expanding Novara’s AI capabilities, sustainability offerings and global presence. Founded in Toronto, Ensogo provides AI-powered software designed to help organizations simplify ESG compliance and drive meaningful impact, with solutions to streamline environmental reporting, improve operational visibility, and…
Amazon announced the expansion of its carbon credit service to the UK, aimed at enabling companies in its value chain to access high-quality carbon neutralization and inset credits. The announcement marks the first international expansion of the service, launched last year by Amazon in the U.S. According to Amazon, the service helps to address key challenges facing companies in accessing…
Global investment manager Northern Trust Asset Management (NTAM) announced the launch of two new actively managed UCITS funds – NT World Multifactor Focus Select Fund and NT World Multifactor Select Fund, aimed at enabling investors to pursue outperformance while efficiently managing climate transition-related risks and opportunities. The new funds incorporate climate-focused investment criteria, including targeted reductions in portfolio carbon footprint…
Climate research provider and environmental disclosure platform CDP announced today a new significant investment by private equity firm Permira, and a major restructuring, which will see the organization split into two related units, including a commercial entity which will continue providing environmental data and disclosure services, and a charitable entity focused on driving strategic principles for disclosure. Founded in 2000,…
The Science Based Targets initiative (SBTi) announced the release of Corporate Net-Zero Standard Version 2.0, its long-awaited update to its flagship standard to assess, certify and track companies’ decarbonization commitments and to support science-based climate target setting. Among the key changes introduced with the new standard is the use of a “best-efforts” framework, enabling companies to remain in compliance with…
Japan-based leasing and asset-finance company Mitsubishi HC Capital and global investment firm Brookfield Asset Management announced the launch of a new joint venture for a privately held renewable energy company, designed to acquire and operate a diversified portfolio of contracted, operating renewable energy assets across Europe. The seed portfolio of the new company comprises approximately 570 MW of installed capacity,…