The U.S. Securities and Exchange Commission (SEC) has sent a letter to the U.S. Court of Appeals, informing it of its plans to “reconsider” the corporate climate disclosure rules introduced by the Commission during the Biden administration. The letter to the court follows reports last week, confirmed by the SEC, that it has started the process to rescind the climate reporting…
Clean energy company Mantle8 announced that it has raised €31 million (USD$36 million) in a Series A funding round, with proceeds aimed at scaling and commercializing the company’s natural hydrogen explorations technology platform. Hydrogen is viewed as one of the key building blocks of the transition to a cleaner energy future, particularly for industrial and transport sectors with difficult to…
Geothermal energy project developer Fervo Energy announced the finalized pricing of its initial public offering, with the company selling 70 million shares at $27, following strong demand which saw the IPO upsized from an initial planned 55.6 million shares at an expected price of $21 to $24. The IPO values the company at approximately $7.7 billion. The IPO comes as…
The government of New Zealand announced plans to change its climate change laws to prevent civil lawsuits against companies for environmental harm caused by their greenhouse gas (GHG) emissions, in a move described by Justice Minister Paul Goldsmith designed to “provide legal clarity and certainty” for businesses. The initiative comes as five of New Zealand’s largest corporate emitters, including diary…
Sustainability ratings and solutions provider EcoVadis and business data and reporting solutions provider Workiva announced today the launch of a new strategic partnership aimed at enabling companies to access and utilize supply chain carbon emissions data. According to EcoVadis, the new partnership forms part of its efforts to build its Carbon Data Network (CDN), a data exchange launched by the…
Retail giant Target Corporation announced a new agreement with Sweden-based circular materials startup Syre to source textile-to-textile recycled polyester, and accelerate the adoption of circular materials across the company’s apparel and home product categories. Founded in 2024, Syre was launched by fashion and design brands company H&M Group and impact-focused venture investor Vargas, to enable the mass production of textile-to-textile…
The European Commission announced the release of its proposed updated Emissions Trading System (EU ETS) benchmark values for 2026-2030, including measures to implement the system’s expanded free allocation of allowances to indirect emissions from electricity use, anticipated by the Commission to provide around €4 billion in additional value to industry through 2030. The Emissions Trading System (ETS) is the EU’s…
Japan-based SoftBank Group announced the launch of a new battery business aimed at producing advanced battery cells and energy storage systems to support data centers, addressing the rapidly increasing demand for electricity being driven by AI adoption. Through the initiative, SoftBank said that it aims to achieve mass production on a gigawatt-hour (GWh)-per-year scale by around FY2028, and to reach…
The European Central Bank (ECB) announced the release of its updated compendium of good practices for climate and nature-related risk management and stress testing, aimed at supporting banks in strengthening their risk management practices in challenging areas such as nature-related risks, transition planning and physical risks. In a blog post introducing the new publication, ECB Executive Board Member and Supervisory…