German steel manufacturer Salzgitter announced an agreement by its subsidiary Salzgitter Flachstahl, with Spanish renewable energy company Zelestra to supply green electricity from new solar and battery storage projects in Germany to support the production of low-carbon steel. The new deal, spanning 2 projects for 147 MW of solar capacity, combined with 237 MWh of battery storage, marks Germany’s largest…
Industrial certification provider Isometric announced an investment by financial technology and data services provider and exchange operator Intercontinental Exchange (ICE), expanding its Series A financing round, alongside new investors, to $50 million, from an initial $40 million announced in June. The financing round comes as Isometric moves to extend its AI-powered certification platform from its initial focus on carbon markets…
Lawmakers in the European Parliament voted 464 – 50 on Tuesday on the adoption of a negotiating position on proposed changes to the Carbon Border Adjustment Mechanism (CBAM), the EU’s carbon tax on imported goods, including extending CBAM to include hundreds of new downstream products, and putting in place a series of anti-circumvention measures aimed at closing loopholes and strengthening the…
Global investment firm Schroders’ impact investment management arm BlueOrchard announced today that it has raised $250 million at the first close of the BlueOrchard Climate Action Mobilisation Fund (BOCAMF), its blended finance fund focused on backing climate mitigation and adaptation in emerging and frontier markets. According to BlueOrchard, the close comes as available capital remains only a fraction of what…
Supply chain traceability solutions provider TrusTrace announced today the launch of a new platform aimed at enabling understand their supply chains, and identify and act on sustainability and compliance gaps. According to TrusTrace, the new platform comes as brands face increasing sustainability and due diligence requirements, alongside growing complexity across multi-tier global supply chains. TrusTrace said that the new platform…
The U.S. Environmental Protection Agency (EPA) announced on Monday the repeal of a series of Biden-era rules aimed at significantly reducing greenhouse gas (GHG) emissions from fossil fuel-based power plants, one of the main sources of the U.S.’ carbon footprint. In addition to finalizing the repeal of the rules, the EPA also announced a proposal to rescind the 2015 Greenhouse…
Guest post by: Juanjo Mestre, CEO at Dcycle The UK Sustainability Reporting Standards (SRS), based upon the ISSB’s IFRS S1 and IFRS S2, were finalised earlier this year. These voluntary standards are designed to encourage companies to disclose their material sustainability and climate-related risks that have the potential to introduce significant financial implications. The SRS is raising the standard. In…