Enterprise data technology company Context Labs announced the acquisition of commodity-focused carbon data platform Kinertric from Global commodities trading company Trafigura. Cambridge, Massachusetts-based Context Labs provides an AI-enabled enterprise carbon management platform that helps energy and industrial companies measure, manage and verify emissions, automate climate and regulatory reporting, and track product carbon footprints and environmental attributes. Developed by Trafigura, Kinertic…
Goldman Sachs Acquires Food Supply Chain Reusables Solutions Provider Tosca
Goldman Sachs Asset Management’s alternative investments platform, Goldman Sachs Alternatives, announced an agreement to acquire food supply chain-focused reusable plastic packaging and performance pooling solutions provider Tosca from private equity investor Apax Partners. Founded in 1959 and acquired by funds advised by Apax in 2017, Atlanta-based Tosca provides reusable asset pooling solutions designed to allow food producers, distributors and retailers…
Samsung Acquires GM’s Stake in $3.5 Billion Battery Joint Venture
Battery manufacturer Samsung SDI announced that it has agreed to acquire General Motors’ entire 49.99% stake in their SynergyCells electric vehicle (EV) battery joint venture project, with plans to shift the plant from an EV battery focus to address growing demand for broader energy storage systems. The companies initially signed an agreement in August 2024 to establish the $3.5 billion…
Updapt Launches Solution Enabling Companies to Assess Climate-Related Risks
Enterprise ESG software company Updapt announced the launch of its new Climate Risk Management module, aimed at helping organizations identify, assess, and prioritize climate-related risks across their assets and locations. According to Updapt, the new solution comes as regulatory frameworks including TCFD-aligned disclosures, BRSR, and CSRD, increasingly require companies to systematically evaluate and report on physical and transition climate risks,…
Lloyds Bank Unveils New £100 Billion Sustainable and Transition Finance Goal
UK bank Lloyds Banking Group announced that it has set a new target to facilitate more than £100 billion in sustainable and transition finance between 2027 and 2030. The new goal, unveiled as part of the bank’s upcoming Accelerate 2030 strategy, marks an acceleration from Lloyds’ existing sustainable finance pace, with the bank recently reporting achieving £70.9 billion in sustainable…