Netherlands-based life sciences-focused venture capital investor Forbion announced today that it has raised €200 million in commitments for its Forbion BioEconomy Fund I, aimed at investing in investing in companies with biology-based industrial sustainability solutions. According to Forbion, the fund significantly exceeded its initial €150 million target, closing at its €200 million hard cap. Investors in the fund included KfW…
Unilever’s Chief Sustainability and Corporate Affairs Officer Rebecca Marmot announced that she is stepping down after more than 6 years in the top sustainability role at the global consumer brands giant. In a LinkedIn post announcing the move, Marmot said: “In July, I announced that I would be stepping down as Chief Sustainability & Corporate Affairs Officer at Unilever to…
Grid technology-focused startup Infravision announced that it has raised $91 million in Series B funding round, with proceeds aimed at accelerating the deployment of its aerial robotics-based solution for power grid construction and maintenance. Founded in 2018 by robotics engineer Cameron Van Der Berg and military veteran Chris Cox, Texas-based Infravision provides technology designed to streamline large-scale grid construction. The…
Following a marathon negotiating session stretching into early Wednesday morning, the European Union’s member states have reached an agreement that could allow the EU to formally establish its next set of climate goals, including a target to reduce greenhouse gas (GHG) emissions by 90% by 2040. The agreement followed pushback on the EU’s proposed emissions reduction goals from several member…
PA Future asked sustainable investment professionals what they would like to see come out of COP30, and the answer was clearly centred around accountability, action and measurable progress. In the 30th Conference of Parties (COP30), starting on 10 November in Brazil, leaders, policymakers and investors will congregate to discuss progress made on the Paris Agreement and previous pledges made at…
A group of 16 U.S. State Attorneys General*, led by Florida AG James Uthmeier have sent letters to the leaders of several companies, including tech giants Microsoft, Google and Meta, urging the companies to not comply with the EU’s new sustainability reporting and due diligence regulations, the CSRD and CSDDD, and warning that the laws would expose the companies to…
Social and human capital data company Denominator announced today the acquisition of gender equality and diversity data provider Equileap, in a move described by Denominator as aimed at creating a global leader in Human Capital Data. Founded in 2021, New York-based Denominator provides information aimed at enabling businesses and investors to navigate people-related matters across investments, procurement and corporate strategy….
Power company Engie announced that it has entered a 15-year renewable Power Purchase Agreement (PPA) with Apple enabling the construction of new solar and wind projects in Italy. Under the agreement, Engie will develop 173 MW of new capacity in southern Italy, including two wind farms, one wind repowering project, and two agrivoltaic plants. The new projects are scheduled to…