This week in ESG news: UK releases new sustainability, climate reporting standards; GRI releases climate, energy reporting standards; Microsoft signs two multi-million ton carbon removal deals; EU states target bigger cuts in sustainability reporting and due diligence requirements; IFRS publishes transition plan disclosure guidance; EU’s new rules to help fund cleantech, industrial decarbonization; JPMorgan signs carbon removal agreement with Oxy;…
Facebook, Instagram, and WhatsApp owner Meta and clean energy developer Invenergy announced that they have signed a series of agreements, providing Meta with nearly 800 MW of renewable energy from new wind and solar projects in the U.S. to support its operations and data center growth. Under the new agreement, electricity from four new projects in Ohio, Arkansas, and Texas…
The Singapore Business Federation (SBF), Singapore’s key business association representing over 32,000 companies, announced the release of a statement today, asking regulators to delay climate-related disclosure requirements for smaller companies, set to begin from this year, by one to two years, to give businesses more time to prepare. The statement follows the announcement early last year by the government of…
“Carbon intelligence” solutions provider Climatiq announced that it has raised €10 million (US$11.7 million) in a Series A funding round, with proceeds aimed at accelerating its AI-powered solutions to help companies integrate carbon data into their business decisions. Founded in 2021, Berlin-based Climatiq offers software infrastructure designed to embed carbon intelligence into decision-focused business tools. The company provides a carbon…
The Republic of Slovenia announced its inaugural sustainability-linked bond (SLB) offering, raising €1 billion from the issuance of a new 10-year benchmark issuance, with interest tied to the country’s performance towards its 2030 greenhouse gas emissions targets. The offering is the first-ever sustainability-linked bond from a European Sovereign, marking a significant milestone for SLBs. After significant early growth, the volume of…
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…