The Sierra Club has urged institutional investors — particularly asset owners, such as pension funds — to confront climate change as a systemic financial threat to the global economy and long-term portfolio returns in its latest paper. The paper is organised in two parts: first, it explains why climate change must be treated as a system-level financial threat; then, it outlines…
Geothermal energy project developer Fervo Energy announced that it has secured $206 million in project capital aimed at accelerating the development of its geothermal project in Utah, with the potential of generating 2 GW of carbon-free energy for the grid. Founded in 2017, Houston Texas-based Fervo Energy focuses on the development of enhanced geothermal systems (EGS) projects to deliver carbon-free…
Fintech solutions provider Broadridge Financial Solutions and sustainability reporting software provider Novisto announced a new partnership to launch a new suite of sustainability data management and reporting solutions for companies. According to Broadridge and Novisto, the new partnership comes as companies navigate challenges to comply with increasingly complex global regulations, as well as a demand for consistent and standardized sustainability…
Global food and beverage company Nestlé revealed that its largest coffee brand, Nescafé, sourced nearly a third of its coffee from farmers implementing regenerative agriculture practices in 2024, significantly beating the company’s goal to reach 20% by 2025. The company’s achievement was announced with the release of its Nescafé Plan 2030 Progress Report, detailing the brand’s progress on its strategy…
Munich Re, one of Europe’s largest insurance companies, and the world’s biggest reinsurer, announced that it has chosen to withdraw from a series of climate-focused industry coalitions, including the Net Zero Asset Owner Alliance (NZAOA), the Net Zero Asset Managers Initiative (NZAM), Climate Action 100+ (CA100+) and the Institutional Investors Group on Climate Change (IIGCC), citing legal and regulatory pressures…
The proposed elimination of the famous program raises big questions about the future of data management and benchmarking in real estate. By Matt Ellis, CEO of Measurabl While perhaps best known for consumer appliance labels, ESTAR’s (often overlooked) component – a software product called ENERGY STAR Portfolio Manager (ESPM) – acts as the backbone of energy and sustainability data management…
German fusion technology startup Proxima Fusion announced today that it has raised €130 million (USD$149 million) in a Series A funding round, with proceeds aimed at supporting its efforts to build the first stellarator-based fusion power plant in the 2030s. The financing marks the largest private fusion investment round in Europe to date. Fusion, the process of combining two atoms…