Sustainability-focused investment manager Mirova announced an investment of €150 million (USD$171 million) in renewable energy developer Yanara, aimed at accelerating the development of Yanara’s utility-scale renewable energy portfolio in Australia. Founded in 2019, and spun off from BrightNight in 2025, Yanara develops, builds, owns and operates utility-scale hybrid renewable energy projects integrating solar, wind and battery energy storage systems (BESS)…
Air Canada and Airbus announced a series of initiatives aimed at scaling the sustainable aviation fuel industry in Canada, including plans to establish a jointly funded Sustainability Co-Investment Platform, aimed at supporting a commercial-scale Sustainable Aviation Fuel (SAF) industry in Canada. Under the initiative, the companies said that they will invest up to approximately CAD$13.7 million (US$10 million), through the…
Seven out of ten companies reporting under the EU’s Corporate Sustainability Reporting Directive (CSRD) that have disclosed climate transition plans, increasing significantly over the past year, while the share, according to a new report released by the European Financial Reporting Advisory Group (EFRAG) examining the implementation practices of the European Sustainability Reporting Standards (ESRS). The report also included new indicators assessing companies’…
Constellation Technology Ventures, the venture capital arm of U.S. nuclear power company Constellation Energy, announced a strategic equity investment in modular nuclear power plant developer Blue Energy. The investment marks the first for Constellation in a U.S. developer of small modular reactors (SMRs) and will support the deployment of advanced nuclear technology in the U.S., the companies said. David Dardis,…
The European Commission announced the introduction of a new Electrification Action Plan, designed to tackle barriers to and incentivize the adoption of electrification for consumers and businesses, in a bid to cut the EU’s reliance on fossil fuels. As part of the plan, released alongside the Commission’s ETS review, the Commission said that it will assess an indicative electrification target…
Low-carbon cement materials developer NeoCem announced that it has raised €17 million (USD$19 million) in a new funding round from asset management company Crédit Mutuel Impact, with proceeds aimed at scaling the deployment of its low carbon cement technology. Cement production is a significant contributor to global greenhouse gas emissions, and one of the more difficult sectors to decarbonize. Cement…
Citigroup announced that its Citi Impact Fund will invest $25 million to support companies using technology to improve housing access, supply and affordability in communities across the U.S. Launched in 2020, the Citi Impact Fund invests in “double-bottom line” companies delivering both financial returns and positive social impact, with a focus on supporting economically vulnerable Americans across four key areas,…
Taiwan’s Bureau of Labor Funds (BLF) announced that it has selected a group of asset managers for the award of USD$3 billion of mandates for passive overseas investment in global climate transition infrastructure. The five asset managers selected by BLF include Amundi, BNP Paribas Asset Management, Geode Capital Management, Northern Trust Asset Management Australia, and State Street Global Advisors Singapore….
Spanish telecommunications company Telefónica announced the launch of its new “Global Sustainability Plan 2026–2030,” setting out a series of environmental, social and governance targets aimed at supporting growth, improving operational efficiency and strengthening risk management, including a new interim climate target to cut value chain emissions by more than half by 2030. Telefónica said that the plan is structured around…