Shifting policies and priorities are reshaping the global investment ecosystem and adding complexity to fundraising across jurisdictions, says Ruth Knox, Partner at Paul Hastings. As ESG regulations continue to tighten across the UK and EU in response to the ‘Trump Bump’, both asset managers and owners are facing an unprecedented compliance landscape. From initial noises signalling a crackdown on greenwashing…
Equifax Launches Financed Emissions Calculator
Data, analytics, and technology company Equifax UK announced the launch of its new Financed Emissions Calculator, aimed at enabling financial institutions to automate, measure and track their financed emissions, and streamline their sustainability reporting requirements. Launched in partnership with Scottish data firm CienDos, the new cloud-based Financed Emissions Calculator will enable lenders to better determine the greenhouse gas emissions indirectly…
GridPoint Raises $45 Million to Expand Platform to Decarbonize Buildings, Stabilize Grids
Building energy management and optimization technology company GridPoint announced that it has raised $45 million, with proceeds aimed at supporting the company’s international expansion plans. Established in 2003, Virginia-based GridPoint provides energy management technology aimed at decarbonizing commercial buildings and driving grid modernization. The company’s energy management and optimization technology platform connects energy grids with the built environment and behind-the-meter…
InnoEnergy “Muscling Up” to Mobilize €160 Billion in Clean Tech Investments by 2030
Early-stage impact investor InnoEnergy announced it new 2030 growth plan, aiming to mobilize up to €160 billion in clean tech investment between 2025 and 2030, across equity, debt, grants, and project finance. Founded in 2010, and supported by the EU body the European Institute of Innovation and Technology (EIT), newly rebranded InnoEnergy (formerly EIT InnoEnergy) invests in early-stage companies building…
ISSB Launches New Roadmap Tool to Help Jurisdictions Adopt Sustainability Reporting Standards
The IFRS Foundation’s International Sustainability Standards Board (ISSB) announced the launch of its new Jurisdictional Roadmap Development Tool, aimed at supporting regulators and market participants adopt or use the ISSB’s sustainability reporting standards in their jurisdictions. The ISSB was launched in November 2021 at the COP26 climate conference, with the goal to develop IFRS Sustainability Disclosure Standards to provide investors…
EU Council Approves Delay to CSRD and CSDDD Sustainability Reporting Regulations
EU member states in the European Council announced that they have approved the European Commission’s ‘stop-the-clock’ directive, delaying the implementation of key sustainability reporting and due diligence regulations, including the CSRD and CSDDD. The directive forms the first major step in the Commission’s Omnibus I package, aimed at significantly reducing the sustainability reporting and regulatory burden on companies, and particularly…
GravitHy Raises $65 Million to Help Decarbonize Steel Industry
Sustainable iron startup GravitHy announced that it has raised €60 million (USD$64.7 million), with proceeds aimed at supporting its plans to produce low-carbon iron to help decarbonize the steel industry. Steelmaking is one of the biggest emitters of CO2 globally, and one of the more challenging sectors to abate, with total greenhouse gas emissions (GHG) from the sector accounting for…