The Financial Conduct Authority (FCA), the UK’s conduct regulator for financial services firms and financial markets, announced the release of it finalized rules for listed companies to begin climate and sustainability-related reporting in line with the UK’s new IFRS-based Sustainability Reporting Standards (UK SRS), choosing to allow companies to take a “comply-or-explain” approach, instead of a mandatory approach for climate…

Global professional services firm EY announced the launch of its EY Sustainability Value Bridge, a new framework aimed at helping companies to understand and quantify the connection between sustainability and climate risks and opportunities and their impact on financial performance. According to EY, the new framework is being released as sustainability is at risk of slipping as a priority on…

Sustainable infrastructure investor Actis announced today the launch of Leo Energies, a new renewable energy platform in India, targeting a portfolio of over 3GW of onshore wind, solar and battery storage assets. The launch of the new platform comes as India continues to scale up its investments in clean energy, with the country aiming to reach 500 GW of installed…

Sweden-based climate and nature solutions provider Milkywire announced that it has completed a new round of carbon removal pre-purchase agreements on behalf of Salesforce with eight suppliers spanning multiple technologies, aimed at supporting early-stage carbon removal pathways with high long-term potential. According to Salesforce, the new commitments form part of its pledge as a founding member of the First Movers…

Impact data company Upright announced the launch of physical climate and transition risk assessment on its platform, aimed at enabling companies and investors to quantify climate risks in their operations, supply chains and portfolios. According to Upright, the launch of the new capabilities comes in response to demand from customers, who are under pressure to simplify their sustainability toolset, rather than…

International fashion retailer Primark and textile-to-textile recycling company Circ announced a new multi-year offtake agreement, aimed at introducing recycled polyester made from textile waste into Primark clothing beginning in 2029 and reducing the retailer’s reliance on virgin polyester. The agreement marks Primark’s first multi-year offtake agreement with a textile-to-textile recycler, the company said. Virginia-based Circ develops technology designed to recycle…

Italy’s Ministry of Economy and Finance announced the completion of a new green bond offering, raising €8 billion to finance projects with a positive environmental impacts, in areas including renewable energy, energy efficiency and clean transport. The ministry reported strong demand for the new 12-year green bond, with the offering more than 13x oversubscribed, and an order book exceeding €110…

The Global Reporting Initiative (GRI) announced plans to expand its sector standards with the development of a new standard designed to enable food and beverage companies to report on relevant impacts in their industries and value chains. The new planned food and beverage reporting standard will be the first to pilot GRI’s new streamlined approach to Sector Standards development, designed…

Netherlands-based insurance group Achmea’s investment unit, Achmea Investment Management, and asset manager ILX Management announced a partnership aimed at providing an emerging markets debt impact vehicle for Dutch pension funds. According to the companies, the new platform is being proposed to meet the growing ambition of institutional investors to generate both financial returns and positive societal impact through their investments….

Fuel cell technology startup Reverion announced today that it has raised $175 in a Series B funding round, with proceeds aimed at significantly scaling up production of its power plants, capable of generating carbon negative energy to power industrial sites and data centers. Founded in 2022 as a spin-off from the Technical University of Munich, Germany-based Reverion develops power plants…