The Treasury Committee is launching an inquiry to examine the impacts of the increased use of artificial intelligence (AI) in financial services. Provision of financial advice is already being effected by AI and this is sure to grow exponentially over the coming years. The launch of the inquiry reflects that reality. The Committee’s call for evidence is open now, with…
Oxyle Raises $16 Million to Eliminate Forever Chemicals in Water
Swiss startup Oxyle announced that it has raised $16 million in a seed funding round, with proceeds to be used to grow its team and expand its solution to destroy PFAS “forever chemicals” in wastewater. PFAS are a group of chemicals that have been in use in a wide range of consumer and industrial products since the 1940s, and are…
Pharma Supply Chain Decarbonization Consortium Signs 10-Year Clean Energy Deals for Haleon, GSK, Thermo Fisher, Gilead
Pharmaceutical supply chain decarbonization initiative Energize announced today a new aggregate power purchase agreement (PPA) with renewable energy developer X-ELIO, providing healthcare companies Haleon and GSK, Gilead Sciences and Thermo Fisher Scientific with 245 GWh of renewable energy annually over 10 years. Managed by energy and automation digital solutions provider Schneider Electric together with the Pharmaceutical Supply Chain Initiative, the…
LEGO Group Adds Nature-Based, Engineered Solutions to its Carbon Removal Portfolio
The LEGO Group announced today new partnerships with climate solutions providers Climate Impact Partners and ClimeFi, including carbon credit purchases supporting four carbon removal projects across a range of engineered and nature-based solutions. The new announcement also includes commitments from KIRKBI, the Danish family office for the Kristiansen family, which owns The Lego Group to the same four projects. The…
EY, Microsoft Social Impact Collaboration Launches AI Skills Training Program
Global professional services firm EY and tech giant Microsoft announced the launch of AI Skills Passport (AISP), a new free program aimed at addressing the Artificial Intelligence (AI) skills gap by providing young people with employable AI experience. The new program forms part of a social impact collaboration announced between EY and Microsoft in 2022 aimed at upskilling young people and…
€6.6 Trillion Investor Group Warns Against Rolling Back EU Sustainability Reporting Regulations
A group of more than 200 financial services firms and organizations, including investors representing €6.6 trillion in AUM, announced the release of a new investor statement, warning the European Commission that easing its key sustainability reporting regulations in its upcoming “Omnibus package” proposal could lead to significant policy uncertainty, and risk the flow of capital towards the EU’s environmental sustainability…