Singapore’s Ministry of Transport’s Civil Aviation Authority (CAAS) announced that it will be implementing a new Sustainable Aviation Fuel (SAF) Levy for travelers and cargo on all departing flights, starting in April 2026. Fees will range from S$1.00 (USD$0.77) for an economy-class passenger on a short-range flight to S$41.60 (USD$31.95) for a business-class passenger on a Americas-bound flight. The new…
Alternative investment manager AXA IM Alts announced a series of new commitments from development finance institutions for its Natural Capital and Impact investments strategy, bringing the total commitments for the nature-based projects-focused fund to over $560 million. New development finance institutions backing the strategy include the International Finance Corporation (IFC), France-based Proparco, and Germany-based DEG. Launched in late 2022, AXA…
Carbon management platform provider Carbon Direct announced today the acquisition of climate-focused AI and satellite data technology company Pachama, with the transaction aimed at enhancing Carbon Direct’s carbon project monitoring, reporting, and verification (MRV) capabilities. Founded in 2020, New York-based Carbon Direct provides an end-to-end carbon management platform, enabling companies to set targets, measure their emissions, implement reductions across operations…
CRM solutions provider Salesforce announced a series of new water-focused initiatives, including a new program targeting sustainable water usage in its data centers and energy use, as well as investments supporting local watershed resilience in Brazil and Mexico. The new commitments form part of a renewed focus by Salesforce on water, under the company’s Nature Positive Strategy. Launched in 2023,…
The Science Based Targets initiative (SBTi) announced the release of its updated draft Corporate Net-Zero Standard V2, its planned update to its key standard to assess, certify and track companies’ decarbonization commitments to achieve net zero emissions and to support science-based climate target setting. According to the SBTi, the new draft aims to enable more companies to set net zero goals…
This week in ESG news: Unilever’s Chief Sustainability Officer exits; HSBC’s new net zero transition plan and targets; EU countries agree on 2040 climate goal; U.S. states warn Microsoft, Google, Meta against complying with EU’s sustainability reporting and due diligence laws; State Street pulls out of net zero investor group in U.S., but stays in Europe; Google signs large-scale reforestation…
The European Commission announced an agreement with over 20 airlines* including Air France, Lufthansa and KLM, with commitments from the companies to stop using environmental claims considered by the EU’s national consumer authorities to be misleading, including claims that the CO2 emissions from flying could be offset by paying additional fees to support climate projects or the use of sustainable…
The Inter-American Development Bank (IDB) announced that it has raised $100 million through its first Amazonia Bond issuance, aimed at funding high-impact environmental and social sustainable development projects across the Amazon region. The bond issuance follows the launch in July 2025 by the IDB and the World Bank of the Amazonia Bond platform, designed to help countries and institutions raise private…
Impact venture fund Rubio Impact Ventures announced that it has raised more than €70 million in commitments for its new impact fund, Rubio Fund III, which will invest in around 30 companies developing scalable solutions to tackle climate change and social inequality. Founded in 2015, Amsterdam-based Rubio has supported more than 40 fast-growing companies delivering tangible social and environmental change,…