Women aged 55 and over are most affected by mental health-related absenteeism in the UK, research has found this Mental Health Awareness Week. The study by online therapy service Man Confidence shines a spotlight on emotional wellbeing in the workplace. See also: CCLA’s Browne on mental health: Awareness is increasing but the gap is widening Experts from Man Confidence analysed…
Italian energy company Eni announced today that it has entered into exclusive negotiations with alternative asset management firm Ares’ alternative credit arm for the sale of a 20% stake in Eni’s renewables, retail and EV charging company Plenitude. Eni said that the stake would be acquired at an equity value of the company between €9.8 and €10.2 billion (USD$2.2 – $2.3…
Nuclear energy technology startup Realta Fusion announced that it has raised $36 million in a Series A financing round, with proceeds aimed at bringing its modular magnetic mirror fusion energy technology closer to commercialization. Founded in 2022, Wisconsin-based Realta provides technology aimed at enabling the development of the lowest capital and least complex path to commercially competitive fusion energy. The…
Sustainability-focused private markets investment manager Pegasus Capital Advisors announced the appointment of SASB founder and former Blackstone Global Head of ESG Jean Rogers as Senior Operating Advisor. Founded in 1996, Stamford, Connecticut-based Pegasus specializes in blended sustainable investments across climate, food, water, and ocean ecosystems. Blended finance brings together public or philanthropic capital and private funding through a common investment…
Octopus Energy Group announced the launch of a new fund aimed at allowing pension funds and private wealth investors to invest in the energy transition, with access to more than 50 renewable energy projects in 15 countries, including wind, solar and large-scale battery projects. Octopus said that the new CG Octopus Energy Sustainable Growth Fund I, or Astris, is being…
Middle East, Africa, and South Asia (MEASA)-focused financial hub Dubai International Financial Center (DIFC) announced the launch of the “1 Million Learners” initiative, aimed at helping to build a skilled workforce “capable of driving sustainable economic growth,” and with a goal of equipping one million individuals with knowledge in sustainability and sustainable finance by 2030. The program seeks to redefine how sustainability…
Environmental group Friends of the Earth Netherlands (Milieudefensie) announced that it is preparing to launch a new climate case against Shell, and has sent a letter notifying the energy giant of its plans to launch legal proceedings demanding that the company stops drilling for new oil and gas fields and be given court-imposed CO2 emissions reduction targets. In a statement…
Renewable energy developer European Energy announced the start-up of the world’s first large-scale commercial e-methanol facility, with e-methanol now being supplied to offtakers including the LEGO Group, healthcare company Novo Nordisk and shipping giant A.P. Moller – Maersk for use as a replacement for fossil-based fuels and plastics. Founded in 2004, Denmark-based European Energy is a developer and operator of…
Climate research provider and environmental disclosure platform CDP announced a strategic restructuring which may result in a reduction of around 20% of its workforce, as the organization embarks on a new strategy, including focusing on reducing the reporting burden for companies. Founded in 2000, CDP runs a global environmental disclosure system, enabling investors and other stakeholders to measure and track organization’s…
On 10 January 2025, Blackrock announced its withdrawal from the Net Zero Asset Managers’ initiative (NZAM). Three days later, NZAM suspended itself, pending a review. Both decisions followed a letter from the US House Judiciary Committee in December to over 60 asset manager members of NZAM. It accused them of operating a “woke ESG cartel” by facilitating collusive action to…