Guest post by: Michael Horvath, Sustainability Leader, and Geoffroy Marcassoli, Sustainability Assurance Leader, at PwC Luxembourg In the years following the Paris Agreement, transition finance has gradually but forcefully emerged as a key concept within the wider sustainable finance universe, as asset managers and investors alike sought to channel capital to drive real-economy decarbonisation changes rather than simply divesting from…
Nuclear technology startup newcleo announced that it has raised €75 million (USD$88 million) in a new funding round, with the proceeds aimed at accelerating the development of next-generation small nuclear reactors using recycled nuclear fuel to produce clean energy. The company said it has raised over $124 million in 2025. Founded in 2021, UK-based newcleo develops advanced small modular reactors,…
Enhanced rock weathering (ERW) startup Terradot announced that it has acquired the assets of ERW company Eion, with the purchase aimed at strengthening and expanding Terradot’s carbon removal platform. Founded in 2022, US-based Terradot provides a carbon removal solution based on transforming the natural process of rock weathering. The company’s solution speeds up the natural process through which CO₂ from…
Sustainability data management company Dcycle announced today that it has signed an agreement to acquire software company ESG-X, with the transaction aimed at expanding Dcycle’s ESG sustainability data management capabilities across the DACH region (Germany, Austria and Switzerland). Founded in 2023, Germany-based ESG-X develops AI models designed to automate materiality assessments and map existing corporate data to ESG reporting requirements….
France-based energy giant TotalEnergies announced today that it has signed two new long-term Power Purchase Agreements (PPA) with Google, providing the tech giant with 1 GW of solar capacity for 15 years to power its Texas-based data centers. The agreement marks TotalEnergies’ largest renewable energy deal to date in the U.S., and will deliver the equivalent of 28 TWh of renewable…
Alternative asset management firm TPG announced an agreement by its climate investing platform TPG Rise Climate to acquire a majority stake in power infrastructure provider Sabre Industries from private equity firm Blackstone, citing the company’s capabilities to address opportunities from the modernization of the U.S. electrical grid, and growing energy demand from data centers. According to a Reuters report citing…
More than 80% of Paris-based global bank BNP Paribas’ energy production financing exposure was directed to low-carbon energies as of the end of 2025, according to the bank’s annual results. The achievement puts BNP Paribas ahead of track to achieve one of its key sustainability goals, with the bank targeting 90% low-carbon energies, or more than €40 billion, within its…
This week in ESG news: UK plans IFRS-aligned sustainability reporting from 2027; Deutsche Bank’s sustainable finance volumes rebound on “renewed demand”; Anti-DEI crackdown hits Nike; court strikes down Texas’ anti-ESG law as unconstitutional; assets in SFDR Article 8 & 9 funds surpass $10 trillion; EU launches new standard to certify carbon removal projects; CIP acquires Ørsted’s European onshore renewable energy…
The government of Canada announced that it will repeal the Electric Vehicle Availability Standard (EVAS), a regulation mandating a minimum and rising share of zero-emission vehicle (ZEV) sales by automakers, which would have required the industry to reach 100% ZEVs by 2035. Initially launched in 2023, the regulation was designed to help increase supply for consumers over time, and included…