The Hong Kong Monetary Authority (HKMA), Hong Kong’s central banking institution, announced the release of a draft update of the Hong Kong Taxonomy for Sustainable Finance – its classification system for defining and classifying environmentally sustainable economic activities in order to mobilize capital to these areas – with proposals to expand the Taxonomy to include transition activities as well as…
The European Parliament announced the adoption by lawmakers of a series of new rules aimed at preventing and reducing textile and food waste in the EU, including measures requiring textile producers to cover the cost of collecting, sorting and recycling their products. The announcement marks the last major legislative step in the revision of the EU’s Waste Framework Directive, following…
Forward-looking companies increasingly recognize that supply chain data is not just a sustainability reporting tool, it is a compliance necessity and a strategic asset. By: Saravanan Parisutham, Chief Operating Officer, TrusTrace Regulatory pressure on supply chains is intensifying across industries. The EU Deforestation Regulation (EUDR) takes effect at the end of this year, while U.S. forced labor laws and upcoming…
Cleantech startup Sapphire Technologies announced that it has raised $18 million in a Series C funding round, with proceeds aimed at growing its business and expanding its clean energy technology. Founded in 2021, California-based Sapphire develops and manufactures energy recovery systems, including its turboexpander generator product FreeSpin, to convert energy wasted in pressure reduction processes into electric power. In the…
Based on an interview with Alex Betson, LDC (the private equity arm of Lloyds Banking Group).
Business data and reporting solutions provider Workiva announced today the launch of Intelligent Finance, GRC, and Sustainability, significantly expanding its Intelligent platform with agentic AI capabilities to help finance, GRC, and sustainability teams to accelerate complex workflows and deliver insights from data. The announcement included the launch of Workiva AI, an agentic AI platform built into the solutions. Key capabilities…
While numerous surveys point to a rising interest in non-financial outcomes, such as values-based investments — particularly among younger investors — and with many institutions, such as pension funds, contractually committed to some form of sustainable strategy, SDR funds have struggled to attract assets. Total net assets for all SDR funds in January 2025 were £46.77bn (July: £41.73bn). Outflows over…