Nordea Asset Management (NAM) has reviewed the names of its sustainable funds in line with new guidelines from the European Securities and Markets Authority (ESMA). The group has added or kept ‘Sustainable’ in the names of 17 Nordea 1 SICAV funds following the review. NAM said all Nordea 1 sustainable products commit to a minimum of 50% allocation to sustainable…
Athletic apparel company lululemon has entered into a multi-year collaboration agreement with California-based biotechnology firm ZymoChem aimed at expanding the use of sustainable bio-based nylon in its products. Founded in 2013, ZymoChem uses microbes to convert renewable feedstocks into biodegradable polymers with a near-zero CO2 emissions footprint. According to the company, the process also produces materials with a cost advantage…
Investment management firm Fidelity International announced that it has raised €110 million (USD$119 million) for the Fidelity Real Estate Logistics Impact Climate Solutions (LOGICs) fund, dedicated to energy transition in the real estate sector, adding to the €200 million raised during its first close in March 2024. LOGICs, which is Fidelity’s second real estate investment vehicle focused on climate impact,…
German battery technology startup theion announced that it has raised €15 million (USD$16.2 million) in a Series A funding round, with proceeds aimed at furthering development of lower-carbon footprint batteries that provide more power and energy storage than standard lithium-ion batteries. Established in 2020, Berlin-based theion develops crystal batteries for mobile, portable and stationary applications. The company is utilizing sulfur,…
Engie North America announced today an expansion of its partnership with alterative asset management Ares Management, with an investment in a 0.9 GW portfolio of U.S.-based solar and storage assets. Engie said that it will retain a controlling share in the portfolio and continue to operate and manage the assets. The transaction follows the launch of the partnership between Engie…
The vast majority of public companies are either retaining or ramping up their climate commitments, with companies found to be more than twice as likely to be increasing their emissions reduction goals than decelerating them, according to a new study released by professional services firm PwC, based on data from climate research provider and environmental disclosure platform CDP. The study…
By: Roy Bedlow, Chief Executive and Founder of Low Carbon Much has been made about AI’s potential to accelerate, but also disrupt, the energy transition. In a world of increasing investment into renewable energy, the constraint on these critical infrastructure projects is often grid connections, capacity planning and the challenge of overcoming red tape to get spades in the ground….