Alternative asset management firm Ares announced the acquisition an 80% stake in a 384 MW California-based solar and storage portfolio from renewable energy infrastructure developer EDP Renewables, in a transaction valuing the assets at the start of operations at approximately $0.8 billion. The portfolio includes 200 MW of solar and 184 MW of battery energy storage in California, with the…

Global investment manager Schroders announced the launch of its Climate Adaptation Investment Framework, a new tool aimed at enabling investors to assess the economic and investment opportunities across more than 100 climate adaptation activities. According to Schroders, the launch of the new framework comes as businesses and governments direct greater attention to adapting to physical climate impacts, through actions ranging…

Levi Strauss and Marks & Spencer, in partnership with global energy technology company Schneider Electric’s consulting practice SE Advisory Services, announced the launch of the Fashion Renewable Collaborative (FRC), a new initiative designed to accelerate renewable electricity adoption across global fashion supply chains, and inviting other fashion brands to join the effort. The companies said that by establishing a shared…

85% of consumers report being concerned about environmental sustainability, increasing for the first time in three years, and growing across both developed and developing markets, driven by factors including experiences with extreme weather, according to a new survey released by global management consultancy Bain & Company. The survey also found a significant increase in the adoption of sustainable behaviors by…

Brazil-based carbon project developer Mombak announced the first close of The Amazon Reforestation Fund II, its second fund focused on financing restoration projects in the Brazilian Amazon. Mombak said that it is targeting raising $150 million for the new fund, which would surpass the predecessor fund’s $120 million. Founded in 2021, Mombak develops large-scale carbon removal projects, starting with native,…

AI-powered renewable energy asset management platform Metris announced that it has raised $5 million in a seed funding round, with the proceeds aimed at expanding the company’s platform, AI capabilities and European operations. Launched in 2025, London-based Metris provides an AI-powered platform for renewable energy owners and operators, integrating asset data, performance monitoring, revenue management and operational workflows. The company…

Global carbon and environmental commodities market infrastructure platform Xpansiv and decarbonization-focused growth investor Verdane announced today a new strategic partnership, with Verdane leading a major capital raise by Xpansiv. The companies said that the new capital will support Xpansiv’s acquisition strategy and expansion into new products, asset classes and geographies. John Melby, CEO of Xpansiv, said: “This partnership enables us…

The European Commission has published the finalized revised European Sustainability Reporting Standards (ESRS) for companies covered by the EU’s mandatory Corporate Sustainability Reporting Directive (CSRD) and its voluntary reporting standard for smaller companies in the Official Journal of the EU. The publication follows the adoption of the revised ESRS and voluntary reporting standard by the EU Commission in July, and…

New York State Comptroller Thomas P. DiNapoli announced the completion of a new sustainability bonds issuance, raising $318.9 million, with proceeds earmarked to fund investments in transportation, education and environmental projects. The sale marks the state’s first-ever offering of ESG-designated General Obligation (GO) bonds. According to the Comptroller’s office, proceeds from the new bonds will help finance projects authorized by…