Bluefield, owner of the £1.2bn Bluefield Solar Income investment trust, has launched a floating solar business within its development arm, in a bid to roll out utility-scale projects across England. The launch follows analysis conducted by independent consultancy CBI Economics, commissioned by Bluefield, which found floating solar could provide more than 40 gigawatts of clean power by 2050. Bluefield refers…
Aviva Investors, Climate Impact Partners Launch Forest Project to Remove up to 6 Million Tonnes of Carbon
Voluntary carbon markets-focused finance company Climate Impact Partners and Aviva Investors, the global asset management business of Aviva plc, announced the launch of the Llanos Vivos project, a large-scale afforestation and restoration initiative in Colombia, designed to generate high-integrity carbon removal credits while restoring degraded land. The project, located in the Vichada region of Colombia’s eastern plains, will cover up…
BTG Pactual TIG Raises Over $1.2 Billion for Reforestation and Restoration Strategy
BTG Pactual Timberland Investment Group (BTG Pactual TIG) announced that it has raised $1.24 billion in commitments at the close of fundraising for its Latin American Reforestation Strategy, making it the largest-known reforestation and restoration fund closed to date, according to the firm. BTG Pactual Timberland Investment Group (TIG), a subsidiary of Latin American investment bank BTG Pactual, is one of…
FCA to Pilot Reporting Requirements for ESG Ratings Providers
The Financial Conduct Authority (FCA), the UK’s conduct regulator for financial services firms and financial markets, announced an invitation to ESG rating providers to pilot a new proposed reporting regime for ESG ratings. The new pilot project follows the release by the FCA in December of new proposed requirements for ESG ratings providers, launched after the finalization of new legislation…
Achmea Publishes Climate and Nature Transition Plan
Netherlands-based insurance and financial services company Achmea announced the launch of its Climate and Nature Transition Plan 2026, setting out the company’s plan to achieve its sustainability ambitions, including its goals to achieve net-zero greenhouse gas (GHG) emissions across its operations and value chain by 2050, and to protect and restore biodiversity through financing and investment activities, integrate biodiversity considerations…
Multi-State Coalition Warns Moody’s, S&P, Fitch Over Use of ESG in Credit Ratings
A group of 23 U.S. State Attorneys General* published a letter to Moody’s, S&P Global Ratings and Fitch Ratings, raising concerns over the firms’ incorporation of ESG factors into their credit ratings for companies and jurisdictions. The letter, led by the AGs of Nebraska, Alaska, Florida, and Texas cites alleged violations by the credit rating agencies of federal and state…
GHG Protocol Appoints Tim Mohin as First CEO
Greenhouse Gas (GHG) reporting framework provider GHG Protocol announced today the appointment of sustainability strategy and reporting veteran Tim Mohin to the newly created role of Chief Executive Officer. GHG Protocol was established in 1997 by the World Resources Institute (WRI) and the World Business Council for Sustainable Development (WBCSD) to develop comprehensive global standardized frameworks to measure and manage GHG…
Bezos Earth Fund Channels $34 Million to Sustainable Fashion Tech
The Bezos Earth Fund announced plans to grant $34 million to support the development of next-generation sustainable fabrics, aimed at reducing the environmental impact of the global fashion industry. The Bezos Earth Fund was founded in 2020, with a $10 billion philanthropic commitment from Jeff Bezos, aimed at funding scientists, activists, NGOs and others driving solutions to fight climate change…
Bill Gates’ TerraPower Starts Construction on First U.S. Advanced Nuclear Reactor
Nuclear technology company TerraPower announced that it has officially started construction on Kemmerer Unit 1, anticipated by the company to be the first utility-scale advanced nuclear power plant in the U.S. Launched in 2008 by Bill Gates, Nathan Myhrvold and John Gilleland, TerraPower is a nuclear innovation company aimed at developing technologies to provide safe, affordable and abundant carbon-free energy….