Blackstone-backed sustainability and operational risk management software platform Sphera announced today a “significant growth investment” from Neuberger Berman Capital Solutions (NBCS). Terms of the transaction were not announced, although Blackstone private equity funds will retain a majority stake in Sphera. According to Sphera, the new investment will support the company’s next phase of growth, with founding CEO and President Paul…
Sustainable infrastructure investor and operator announced today the appointment of former U.S. DOE Under Secretary for Infrastructure David Crane as its new CEO and Chairman of the board. Crane is taking over the CEO role from Generate co-founder Scott Jacobs, who has served in the role for over ten years. Generate said that the new appointment comes as the firm…
Business and financial markets information service provider Bloomberg announced today the launch of the Bloomberg Screened Choice Indices, a new suite of equity benchmarks designed to enable investors to integrate their own choice of sustainability exclusions into their portfolios. According to Bloomberg, the new index suite uses a modular methodology that bundles exclusions into the six most common exclusion themes,…
The Science Based Targets initiative (SBTi) announced the release of its initial draft of its Power Sector Net-Zero Standard, aimed at enabling companies across the power sector, including those involved in power generation, transmission and distribution, and electricity storage, trade and retail, to set near- and long-term goals aligned with achieving net zero by 2050. Among the key new net…
Geneva-based global wealth and asset manager Lombard Odier Investment Managers (LOIM) announced an agreement to acquire Dutch sustainable investment-focused asset manager Ownership Capital. The acquisition will bring LOIM’s sustainable investment offering to over $10 billion in assets under management (AUM). According to LOIM and Ownership Capital, the transaction comes as broadening market conditions and the continued need for sustainable solutions…
By: Jennifer Steinmann, Deloitte Global Sustainability Business Leader The increasing frequency and intensity of natural disasters around the world is a significant threat to our communities and economic stability. This is our expected future – it’s important that public and private sectors make smart investments in technology that can improve the ability to plan, respond, and recover from natural hazards….
Digital agronomic solutions provider CropX Technologies announced the acquisition of crop supply intelligence company Acclym, expanding its capabilities to help enable food and beverage brands to achieve their agricultural sustainability commitments. The agriculture sector faces a series of sustainability challenges, accounting for a significant proportion of global GHG emissions, and with the use of chemical fertilizers and pesticides contributing to…