The World Bank Group announced that it will extend its Climate Change Action Plan, its strategy to support countries and private sector clients to address climate and development challenges together, but that it will also retire a key target committing 45% of its financing to projects with climate co-benefits. The World Bank’s climate finance activity has increased significantly since launching…
Food technology company Protein Brewery announced today that it has raised €18 million (USD$20.5 million) in an extension of its Series B funding round, led by new investor ABN AMRO Sustainable Impact Funds, bringing the company’s total funding raised to date to more than €70 million (USD$79.8 million). Founded in 2020 as a spin-off from Dutch biotechnology company BioscienZ, Netherlands-based…
Amazon announced a new investment in biofuels-focused biotechnology company GranBio, aimed at accelerating the development and commercialization its technology that converts forestry residues and construction waste into sustainable aviation fuel (SAF). According to Amazon, the investment forms part of its work to develop and test emerging technologies with the potential to reduce carbon emissions across its global operations, including transportation,…
The IFRS Foundation’s International Sustainability Standards Board (ISSB) has proposed allowing companies to use Taskforce on Nature-related Financial Disclosures (TNFD) disclosure metrics to help meet nature-related disclosure requirements, and confirmed that it will draw on the TNFD framework in developing its upcoming draft Practice Statement for nature-related disclosures. The update comes as the ISSB is in the process of developing…
McDonald’s has appointed Suheily Natal Davis as its new Chief Sustainability, Social Impact & Inclusion Officer. The appointment marks an expansion of the company’s top sustainability role to incorporate inclusion, with Natal Davis succeeding Chief Sustainability & Social Impact Officer Beth Hart in the position. Hart has been appointed Vice President, Global Category Lead for Beef at the company. Natal…
China’s National Development and Reform Commission and the National Energy Administration announced a series of energy system goals under a new 5-year plan, including plans for non-fossil energy to become the primary electricity source at 50% of total power generation, and for coal and oil consumption to peak, by 2030. While acknowledging the increased planned role for clean energy in…
Paris-based asset manager Eiffel Investment Group announced the launch of Eiffel Impact Debt III, the third vintage of its impact private credit fund, aimed at financing the growth of mid-sized European companies while accelerating their environmental and social transition, using impact objectives contractually embedded in the financing agreements. The new fund is being launched with €500 million (USD$570 million) in…