Sustainability risk management tech company Socialsuite announced the launch of a new software platform aimed at helping companies manage double materiality assessments required under new sustainability reporting regulations. “Double materiality” is one of the hallmark new approaches introduced by the EU’s Corporate Sustainability Reporting Directive (CSRD), requiring reporting both on the risks and impact of sustainability issues on an enterprise,…
Nuclear tech startup Radiant announced that it has raised $165 million in a Series C funding round, with proceeds aimed at advancing its development of mass-produced nuclear microreactors. Founded in 2020, California-based Radiant is designing a 1MW nuclear microreactor that can be mass-produced and act as a climate-friendly, zero-emissions alternative to diesel generators, providing power for applications such as remote…
Copenhagen-based Nordic bank Danske Bank announced the launch of a new approach to its sustainable finance activities, including a broader focus to include supporting companies in high-emitting sectors in their climate transitions, as well as financing companies in transition-enabling value chains. According to Danske Bank, the initiative reflects “the evolving landscape of sustainable finance,” with the bank having followed a…
Enterprise application software company SAP announced the launch of a series of new solutions aimed at enabling companies to manage sustainability data from across the value chain and more accurately report and comply with regulatory requirements. Announced at SAP’s annual customer event, Sapphire, several of the new tools will form part of the company’s recently released Business Data Cloud (BDC)…
Most companies in Europe are not in favor of the European Commission’s “Omnibus” initiative to reduce the sustainability reporting requirements and the scope of companies covered under the EU’s Corporate Sustainability Reporting Directive (CSRD), with a majority reporting being satisfied with the CSRD in its current form, although supportive of some improvements, according to a new survey released by professional…
Sustainable bond maturities are set to peak in 2026 at $389bn, with medium-term debt issued in and around 2019 coming due along with recently issued shorter-term debt. But this peak appears to be manageable, according to the latest analysis from S&P Global. The sustainable debt market has sufficient liquidity, in S&P Global’s view, to meet near-term refinancing needs, even if issuance slows…
The Revenues for Nature (R4N) project has announced support for an initial seven investment models designed to unlock up to $200m for nature restoration and conservation. Achieving global nature goals requires an additional $200bn to be mobilised annually, with the private sector expected to play a crucial role in closing this gap. Yet its contribution remains limited – most nature-related funding…
Climate solutions provider Watershed announced the launch of an open and free version of its global emissions database, in a move aimed at enabling organizations and companies to make more accurate decarbonization decisions. Founded in 2019, San Francisco-based Watershed provides an enterprise sustainability platform enabling companies to measure, report, and reduce their greenhouse gas emissions, to meet their climate goals…