Sustainability-focused European asset manager Ambienta announced that it has raised €500 million (USD$586 million) for its new small cap strategy, aimed at investing in and growing “small cap environmental sustainability champions.” The firm sad that the fund has surpassed its original €450 million target, driven by strong demand from its existing investors. Laurent Donin de Rosière, Partner and Head of…

Hostility toward science is not a recent phenomenon. In 1948, the Soviet Union officially denied the existence of genes, eliminating plant science in favor of “training” plants to be more productive. The resultant crop failures led to millions of deaths in both the USSR and China, whose communist party also adopted this pseudoscience. Even when not official governmental policy, pseudoscience…

Professional services and information solutions provider Wolters Kluwer announced today the launch of two new ESG data solutions, CCH Tagetik ESG & Sustainability for CBAM aimed at simplify compliance with the EU’s Carbon Border Adjustment Mechanism regulation, and CCH Tagetik ESG & Sustainability for Planning & Analytics, designed to support the alignment of ESG initiatives with financial performance and to…

A new climate action platform, FourTwoThree, has debuted with backing from NatWest Group, NAB, and SC Ventures, Standard Chartered’s platform, aiming to accelerate the sustainable transition of millions of small- and medium-sized enterprises (SMEs) globally. The platform has been designed to facilitate collaboration between large enterprises and their SME value chains when measuring, understanding, and reducing carbon emissions. The initiative…

The European Commission announced the adoption of its new Clean Industrial Deal State Aid Framework (CISAF), aimed at enabling Member States to provide support for goals including clean energy development, industrial decarbonization and clean technology. Key aspects of the new framework include the ability to provide significant electricity price support for companies in energy-intensive sectors, as well as funding to…

The Global Reporting Initiative (GRI) announced today the release of its new finalized Climate Change and Energy Standards, aimed at enabling companies to disclose on climate-related and energy management issues and impacts, and on how they are managing those impacts. GRI Sustainability Reporting Standards are one of the most commonly accepted global standards for sustainability reporting by companies, developed to…