Swedish green iron and steel maker Stegra announced that it has closed a €1.4 billion (USD$1.6 billion) financing round, enabling the company to complete the construction of the world’s first large-scale green steel plant in Boden, Sweden. The completion of the financing will provide a major lifeline to the project, which had slowed development pending the outcome of the financing…
Amazon announced that it has become water positive in India, achieving its goal of returning more water to communities than it consumes across its direct operations, including data centers, corporate offices, and fulfillment centers, one year ahead its 2027 goal. The announcement comes as Amazon continues to expand its presence in India, where the company has committed to invest more…
The LEGO Group announced the launch of construction of its largest solar park to date near its headquarters in Billund, Denmark, anticipated to generate enough renewable electricity to match 100% of the company’s total electricity consumption in Billund. The company has several sites in Billund, including its LEGO Campus, the Kornmarken manufacturing plant, Our LEGO Agency (OLA) in-house creative agency,…
Industrial certification provider Isometric announced that it has raised $40 million in a Series A funding round, as the company seeks to extend its AI-powered certification platform, focused to date primarily on carbon markets, across the industrial economy. According to Isometric, the new funding comes as industrial sectors face growing complexity in certification and compliance processes, with AI, automation, and…
EU banking supervisor The European Banking Authority (EBA) announced the publication of its finalized draft Implementing Technical Standards (ITS) updating Pillar 3 disclosure requirements on ESG risks for banks, including significant simplification and streamlining of requirements for large banks, while for the first time extending the scope of ESG reporting requirements – in a proportionate manner – to all banks,…
Guest post by: Katie Martin, Director of Sustainability and Innovation, Avetta Today’s leaders face rising pressure to meet sustainability commitments while managing large amounts of data across increasingly complex supply chains. The challenge isn’t a lack of information, but the ability to turn that information into actionable insights by identifying risks early, understanding sustainability performance across supplier networks, and navigating…
Global truck manufacturer Daimler Truck and Munich-based hydrogen engine technology company KEYOU and announced today a new partnership to accelerate the commercialization of hydrogen-powered internal combustion engine (H2-ICE) trucks, with plans to launch the first vehicle under the new collaboration as soon as 2027. The partnership adds to Daimler’s dual strategy to decarbonize its vehicle portfolio, which focuses on both…