Norges Bank Investment Management (NBIM), the investment manager for Norway’s $2 trillion oil fund, announced that it has committed €1.2 billion (USD$1.34 billion) to Copenhagen Infrastructure Partners’ (CIP) newest flagship renewable energy fund, CI VI. CIP launched CI VI earlier this year, following the final close of its predecessor fund, CIP V in 2025, raising €12 billion in commitments. The…
This week in ESG news: UK’s FCA moves from mandatory to comply-or-explain sustainability and climate reporting; EY launches framework to quantify financial impact of sustainability risks and opportunities; New EU anti-greenwashing rules enter into force; ISO’s proposed net zero standard fails to pass initial vote; Vanguard finds younger investors selecting ESG policy at twice the rate of older investors; Crédit…
UK-based asset manager Algebris Investments announced the acquisition of Spanish renewable energy advisory and asset manager firm Vector Renewables from renewable power producer Nadara. The acquisition was made through its Algebris Green Transition Fund, launched by the firm in 2022, with a focus on areas including the energy transition, circular economy, smart cities and agritech. The transaction marks the fund’s…
Residential energy management software startup NOX Energy announced that it has raised €3 million (USD$3.4 million) in a seed funding round, with proceeds aimed at scaling the company’s smart energy management software connecting home clean energy devices to the grid across Europe. Founded in 2024 by CEO Axelle Moortgat and COO Louis Clermont, Belgium-based NOX develops a smart energy management…
Sustainability and compliance solutions provider Diginex announced the launch of an enhanced end-to-end supply chain due diligence platform, aimed at providing companies with risk data and traceable visibility across multiple tiers of their supply chains. According to Diginex, the launch comes as companies face growing requirements to understand and manage risks deeper within increasingly complex supply chains, with due diligence…
Electric truck manufacturer Harbinger announced that it has received an order from global delivery giant FedEx for 2,000 of its all-electric trucks, with a total order value exceeding $300 million, marking one of the largest binding orders for electric medium- or heavy-duty trucks in history. The vehicles are planned for delivery by the end of 2027 and will be deployed…
The majority of stakeholders responding to a consultation into the development of Canada’s Sustainable Finance Taxonomy said that they strongly opposed a proposal to include an “abatement measures” category focused on decarbonizing activities related to fossil fuels, according to the consultation report released by investor initiative Business Future Pathways (BFP). The consultation results follow the release in July by BFP,…
Swedish green iron and steel maker Stegra announced the completion of a 100-day review of its project to build the world’s first large-scale green steel plant in Boden, Sweden, revealing that it will require more capital to complete the project due to “significantly higher than assumed” costs, even after securing a €1.4 billion (USD$1.6 billion) package in June 2026. Following the…
UK pension scheme Nest announced that it has awarded investment manager Wellington Management with a £3.5 billion (USD$4.6 billion) mandate to manage its emerging markets equity strategy, in a move aimed at strengthening the strategy’s ESG risk evaluation and stewardship. According to Nest, the move marks a significant shift in its approach to its emerging markets equity allocation, shifting to…
Amazon and energy producer Constellation Energy announced a new 20-year power purchase agreement (PPA) aimed at supporting the continued operation and expansion of Constellation’s Calvert Cliffs nuclear plant in Maryland, and providing Amazon with carbon-free energy.. According to Constellation, the new agreement will enable investments in state-of-the-art improvements across the 1,790 MW plant, which it said plant produces about 80%…