Biogas developer and Andion CH4 announced it has secured €67 (USD$79 million) in a private credit facility, with proceeds aimed at supporting the expansion of its biogas and biomethane project pipeline across Italy and the Nordic region. The financing was provided by Goldman Sachs Alternatives, the private credit arm of Goldman Sachs’ asset management business. Christian Schaefer, Managing Director, and…
Guest post by: Justin Floyd, CEO of RedCloud Most corporate ESG strategies focus on visible, incremental improvements. Companies invest in sustainable packaging, carbon offset credits and compliance reporting. They appoint Chief Sustainability Officers to measure progress and publish annual updates. These efforts matter. But they often overlook a systemic failure that undermines many sustainability initiatives at once. Every year, an…
Germany-based telecommunications giant Deutsche Telekom announced that it has achieved company-wide climate neutrality across its operations, hitting one of the company’s key climate goals on the path to net zero across the value chain. The achievement follows the launch by Deutsche Telekom in 2021 of a series of climate goals, including a target to reach net zero Scope 1 and…
Snacking, food, and pet care products provider Mars announced that it has signed a new contract with investment manager Foresight Energy Infrastructure Partners to secure the majority of the output of a large-scale wind farm in Sweden, marking one of the company’s largest renewable energy commitments in Europe to date. The new agreement forms Mars’ second European contract under its…
The European Commission announced today that it has approved a €400 million Greek aid scheme aimed at supporting investments to boost cleantech manufacturing capacity. The Commission’s approval was made under the new Clean Industrial Deal State Aid Framework (CISAF), designed to enable Member States to provide support for goals including clean energy development, industrial decarbonization and clean technology. Adopted in…
EU member states in the European Council voted on Tuesday to approve an agreement to significantly scale back sustainability reporting and due diligence requirements for companies under the “Omnibus I” simplification package. The green light by EU states marks the last major step towards the final adoption of the new rules to dramatically cut back the number of companies covered…
Forest restoration company Rainforest Builder announced that it has signed a new multi-year agreement with Microsoft to deliver up to 1.8 million carbon credits to the tech giant, generated from a large scale ecosystem restoration project in Sierra Leone. According to Rainforest Builder, the 15-year deal marks one of the largest carbon removal transactions in Africa to date. Founded in…