Canada’s Competition Bureau announced the release of its final guidelines on environmental claims, aimed at helping companies to comply with new anti-greenwashing laws when making claims about the environmental benefits or attributes of products or businesses. The new publication includes a guideline for environmental claims about the future – such as net zero goals and timelines – requiring them to…

This week in ESG news: Energize Capital raises $430 million for new climate solutions venture fund; BlackRock escapes Texas’ anti-ESG divestment list; Oxford launches new sustainability reporting course for finance, accounting execs; survey finds investors are quietly sticking with sustainable investment approaches; Schneider Electric’s new Chief Sustainability Officer; Nippon Steel commits $6 billion to green steel transition; Meta deal extends…

Global management consulting firm Bain & Company and supply chain decarbonization intelligence solutions startup Terralytiq announced the launch of a new strategic partnership, aimed at enabling companies to optimize supply chains for carbon and costs, and to help deliver lower carbon products. Founded in 2023, Terralytiq provides a platform providing companies with transparency into industrial value chains, automating the collection…

Macquarie Asset Management and British Columbia Investment Management Corporation (BCI) announced the completion of their acquisition of European waste-to-product company Renewi, in a deal valuing the company at approximately £707 million (USD$957 million). Headquartered in the UK, Renewi focuses on extracting value from waste and used materials, diverting waste flows from incineration or landfill, operating around 150 facilities across the…

Carbon removal technology company Aircapture announced that it has raised $50 million in a Series A funding round, with proceeds from the financing aimed at scaling its Direct Air Capture (DAC) systems to capture and re-use CO2 at industrial sites. Founded in 2019, California-based Aircapture provides modular on-site DAC machines that capture CO2 from the atmosphere, and makes it available…

Energy and electrification advisory, services, and software solutions provider Schneider Electric announced the appointment of Esther Finidori as its new Chief Sustainability Officer. In her new role, Finidori will lead the development and deployment of Schneider Electric’s new sustainability strategy, and will join the company’s Executive Committee. Finidori joined Schneider Electric in 2016, and has most recently been serving as…

Honeywell UOP, Johnson Matthey, GIDARA Energy and SAMSUNG E&A announced today the launch of a new alliance aimed at developing a new technology offering to accelerate the production and reducing the cost of sustainable aviation fuel (SAF). Fuel accounts for the vast majority of the aviation sector’s emissions. Generally produced from sustainable resources, like waste oils and agricultural residues, SAF…

Japan’s Nippon Steel announced plans to invest ¥870 billion (USD$6.05 billion) to transition from traditional blast furnace steelmaking processes to electric arc furnace (EAF) technology at three of its Japanese plants, in a move aimed at significantly reducing the carbon emissions of steel production. Steelmaking is one of the biggest emitters of CO2 globally, and one of the more challenging…

Global digital services and consulting firm Infosys announced a new set of commitments under its updated sustainability strategy “Infosys ESG Vision 2030,” including a new goal to become carbon negative by the end of the decade —moving beyond net zero to sequester more greenhouse gases from the atmosphere than it emits. Infosys launched its ESG Vision 2030 strategy in 2020,…