London-listed alternatives manager Gresham House has acquired SUSI Partners, a Zurich-based firm focused on energy transition infrastructure. This will add £2.7bn to Gresham House’s assets under management (AUM), bringing its total to £10.2bn. All SUSI employees will move to Gresham House and SUSI’s CEO Marco van Daele will head the Gresham House’s enlarged energy transition division on completion of the deal….
Connect Earth Acquires Datia in Push for Unified ESG Data Platform
Climate fintech firm Connect Earth, which specializes in carbon measurement tools for financial institutions, announced it has acquired ESG reporting platform Datia. Datia, which works with asset managers and financial institutions in Europe and the US, provides regulatory reporting tools designed to help firms comply with evolving disclosure rules. As such, this acquisition marks the latest move taken by Connect…
La Caisse Acquires Australian Renewables Company Edify
Canadian institutional investor, La Caisse (formerly CDPQ) announced today an agreement to acquire Australian renewable energy and battery storage company Edify, and to support the company’s growth, with a total investment of approximately AUD$1.1 billion (USD$724 million). Founded in 2015, Edify has developed and financed over 1 GW of utility-scale solar farms and battery energy storage systems. In addition to…
Guest Post: Why Net Zero Is Not Optional
By: Patricia Pina, Head of Product Research & Innovation, Clarity AI Climate Week NYC, the world’s biggest climate event, is kicking off once again. Thousands of heads of government, ministers, business leaders, academics, and civil society actors are gathering to help shape decision-making around climate change — one of the defining challenges of our time. But what is the real…
IKEA Partners with BlackRock’s Vanguard Renewables to Turn Food Waste from Stores into Clean Fuel
Ingka Investments, the investment arm of Ingka Group, the largest IKEA retailer, announced that it has made a minority investment in BlackRock portfolio company Vanguard Renewables, and a partnership to turn food waste from IKEA stores into renewable fuel. Renewable natural gas (RNG), or biomethane, is produced from organic waste, such as agricultural, industrial, and household wastes, and is chemically…
Eni Signs $1 Billion Power Purchase Deal in U.S. with Fusion Startup Commonwealth
Italian energy company Eni announced today that it has signed a power purchase agreement (PPA) worth more than $1 billion with Commonwealth Fusion Systems (CFS), to offtake energy from CFS’ first commercial fusion plant, which is anticipated to come online in Chesterfield County, Virginia in the early 2030s. Fusion, the process of combining two atoms to form a single atom to…
EU to Miss Deadline to Set 2035 Climate Target
The European Council released a “statement of intent” committing to set a 2035 emissions reduction target for the EU prior to the COP30 international climate conference in November, shortly after lawmakers acknowledged that they will miss the end of September deadline to submit its goal at the conference, as required by the Paris Agreement, as member states have not yet…
ESG Today: Week in Review
This week in ESG news: EPA to scrap requirements to report GHG emissions; survey finds half of corporate buyers plan to drop unsustainable suppliers; SEC ordered by court to decide fate of its climate reporting rules; Mars launches program to accelerate renewable energy deployment in its supply chain; Microsoft buys $6 billion of renewables-powered computing capacity; Australia sets 2035 climate…
Schneider Electric Signs Long-Term Carbon Removal Agreement with Climeworks
Energy and electrification advisory, services, and software solutions provider Schneider Electric announced today a new agreement with carbon removal solutions provider Climeworks to remove 31,000 tons of CO2 through a range of solutions by 2039, as well as a new collaboration on solutions aimed at bringing down the cost of Direct Air Capture (DAC) CO2 removal. The deal marks Schneider…