With climate-focused initiatives under pressure, how will GFANZ 2.0 contribute to net zero? With cracks shaking the foundations of net zero alliances spanning asset management, insurance and banking, there is clear concern that the Glasgow Financial Alliance for Net Zero (GFANZ) as we know it is heading for the emergency exit. But the body’s plan to re-strategise doesn’t mean its…
BBVA Raises Sustainable Finance Goal to More than $700 Billion by 2029
Spanish Bank BBVA announced the launch of a new goal to channel €700 billion (USD$735 billion) in sustainable finance between 2025 – 2029, with a focus on climate change and inclusive social development projects. The new target is more than twice the bank’s previous goal to mobilize €300 billion from 2018 – 2025, and over a significantly shorter period of…
BBVA Raises Sustainable Finance Goal to More than $700 Billion by 2029
Spanish Bank BBVA announced the launch of a new goal to channel €700 billion (USD$735 billion) in sustainable finance between 2025 – 2029, with a focus on climate change and inclusive social development projects. The new target is more than twice the bank’s previous goal to mobilize €300 billion from 2018 – 2025, and over a significantly shorter period of…
Apple Shareholders Reject Proposal to Scrap Diversity Programs
Apple shareholders have voted against a resolution directing the company to end its Diversity, Equity and Inclusion (DEI) policies, although CEO Tim Cook acknowledged that the company may need to adjust its diversity practices to fit a shifting legal landscape in the U.S. The vote could be seen as an indication that shareholders may not ubiquitously support an expanding series…
Plastic Recycling Tech Provider Resynergi Raises $18 Million
Circularity-focused startup Resynergi announced that it has raised $18 million in a Series B funding round to open its first commercial site to convert plastic waste into feedstock materials that can be used to manufacture new products, offering a solution for hard-to-recycle plastics, which often end up in landfills and oceans. Founded in 2015, California-based Resynergi uses Continuous Microwave Assisted…
Brookfield Acquires National Grid’s U.S. Renewables Business for $1.7 Billion
UK-based power company National Grid announced an agreement to sell its U.S. onshore renewables business, National Grid Renewables to Brookfield Asset Management, in a deal valuing the business at an enterprise value of $1.735 billion. National Grid Renewables develops, constructs and operates renewable energy production and storage projects across several states in the U.S. The company’s portfolio includes 1.8GW in operation…
Brookfield Acquires National Grid’s U.S. Renewables Business for $1.7 Billion
UK-based power company National Grid announced an agreement to sell its U.S. onshore renewables business, National Grid Renewables to Brookfield Asset Management, in a deal valuing the business at an enterprise value of $1.735 billion. National Grid Renewables develops, constructs and operates renewable energy production and storage projects across several states in the U.S. The company’s portfolio includes 1.8GW in operation…
Pulpex Raises $78 Million to Scale Production of Paper-Based Bottles
Sustainable packaging technology company Pulpex announced that it has raised £62 million (USD$78 million) $78 million in a series D funding round, with proceeds to be used to scale production of its recyclable paper-based bottles, which can replace plastic and glass bottles. Launched in 2020, UK-based Pulpex is an R&D collaboration between Pilot Lite and Diageo together with a group…
Lower Your Food Costs
Despite the promises, food costs, including eggs and other staples, remain high. From grocery store shelves to dining out, food prices are climbing, and it’s not just affecting families on a tight budget. Meal planning and grocery shopping are ever more challenging, and nearly everyone (except the uber-rich) is looking for ways to navigate rising food prices. Food prices are unlikely…