The European Commission has published the finalized revised European Sustainability Reporting Standards (ESRS) for companies covered by the EU’s mandatory Corporate Sustainability Reporting Directive (CSRD) and its voluntary reporting standard for smaller companies in the Official Journal of the EU. The publication follows the adoption of the revised ESRS and voluntary reporting standard by the EU Commission in July, and…
New York State Comptroller Thomas P. DiNapoli announced the completion of a new sustainability bonds issuance, raising $318.9 million, with proceeds earmarked to fund investments in transportation, education and environmental projects. The sale marks the state’s first-ever offering of ESG-designated General Obligation (GO) bonds. According to the Comptroller’s office, proceeds from the new bonds will help finance projects authorized by…
The European Commission announced the release of a proposed regulation to establish a new rating scheme and a related sustainability label for data centers, providing information including energy efficiency, water use, energy sourcing and contribution to grid flexibility. Under the new regulation, a sustainability label would be generated for all EU data centers with a capacity above 500 kW. According…
Morgan Stanley Investment Management (MSIM) announced that it has led a €49 million (USD$56 million) Series E financing round for Australian residential energy solutions provider Amber Electric, with proceeds aimed at supporting the international expansion of the company’s battery automation technology. MSIM’s investment was made through 1GT, the firm’s private climate equity strategy targeting the elimination of 1 gigaton of CO2 emissions…
Investment data and research provider MSCI has appointed Sonia Kim as its new Head of Sustainability, responsible for leading the firm’s global sustainability business. In her new role, Kim will have responsibility for MSCI’s sustainability business’ strategy, product, commercial growth, and organizational performance, including driving the evolution of its sustainability intelligence and analytics offering, combining data, research, technology and AI to…
Guest post by: By Taha Bawa, CEO & Co-Founder, Goodwall, & Riad Meddeb, Head of Decarbonization and Sustainable development at UNDP When we talk about the energy transition, the conversation tends to focus on technology, infrastructure and investment. But another piece of the puzzle deserves just as much attention: do we have the next generation of people ready to deliver…
Investment manager Federated Hermes has appointed Martin Jarzebowski as its new Head of Thematic & Responsible Investing. Jarzebowski takes on the new role after more than 18 years at Federated Hermes, and serving in a series of senior roles, most recently as Director of Thematic & Responsible Investment, and prior as Director of Responsible Investment, leading the integration of ESG factors, engagement…
Climate-focused venture capital investment firm Pulse Fund announced the close of its inaugural fund, raising $63 million in commitments to back early-stage scalable climate companies across the energy transition, infrastructure, food and agriculture, and mobility sectors. Founded in 2022, Pulse Fund was established by climate tech entrepreneur Tenzin Seldon, who in a post announcing the fund close, describes her drive…