The government of Australia announced a new climate target, aiming to reduce greenhouse gas emissions by 62% to 70% by 2035, on a 2005 basis. With the release of its new target, Australia also unveiled plans for more than $8 billion (USD$5.3 billion) in new climate-related investments, targeting areas including industrial decarbonization, clean electricity, low-carbon fuels and EV charging infrastructure….
Sustainability-focused investment manager Suma Capital announced the completion of the final closing of SC Net Zero Ventures I, securing €210 million (USD$249 million) to invest in startups accelerating industrial decarbonization across Europe. The fundraising significantly surpassed Suma’s initial €150 million target for the climate tech venture fund. The investment vehicle focuses on companies in the expansion stage that are advancing…
Singapore’s Ministry of Trade (MTI) and National Climate Change Secretariat (NCCS) announced that the government will contract more than 2 million tonnes of nature-based carbon credits from four projects in Ghana, Peru, and Paraguay, as part of the island city-state’s initiatives to meet its climate goals. Singapore has set a goal to achieve net zero emissions by 2050, and a…
Texas Attorney General Ken Paxton announced that he has launched an investigation into proxy advisory firms Glass Lewis and Institutional Shareholder Services (ISS), alleging that the companies potentially misled investors by recommending they vote for companies implementing DEI and sustainability policies. In a statement announcing the investigation, Paxton said that the firms were “issuing voting recommendations that advance radical political…
Google announced the launch of a new partnership with waste management solutions startup Vaulted Deep, aimed at removing carbon from the atmosphere, and helping establish a methodology to measure methane emissions reductions. Spun out of injection well-focused waste management company Advantek in 2023, Vaulted Deep partners with municipalities, industrial operators, and agricultural producers to manage their organic waste that can’t…
After dropping down the priority list for CEOs, sustainability has once again resumed growing in importance for corporate leaders, who now speak less about sustainability, but increasingly tie it to business value, as consumers and B2B buyers reward businesses for providing sustainable products and services, according to a new survey released by global management consultancy Bain & Company. Among the…
Energy equipment and solutions provider Sympower announced that it has secured a €19 million (USD$22.6 million) investment from Dutch pension fund manager PGGM, acting on behalf of pension fund PFZW, with proceeds aimed at supporting the acceleration of the expansion of its energy flexibility services across Europe. The new investment forms an extension of Sympower’s Series B1 funding, bringing the…
Responsible investing has morphed from a movement into a an industry on course to command $50trn in assets by 2025— a third of the capital at work in the markets, says Nuveen’s global head of responsible investing. Yet approaching responsible investing has remained as difficult as ever with hard to define and hard to measure dynamics, critics who’ve branded the…