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EcoVadis Launches Carbon Data Exchange to Enable Scope 3 Emissions Data Collection

EcoVadis Launches Carbon Data Exchange to Enable Scope 3 Emissions Data Collection

Business sustainability ratings and solutions provider EcoVadis announced the launch of Carbon Data Network, a new data exchange aimed at enabling companies to access reliable primary carbon data from their suppliers. According to EcoVadis, the new data exchange comes as companies require more robust GHG emissions reduction strategies to meet their net zero commitments, and as they face increasing regulatory…

Northvolt Files for Bankruptcy

Northvolt Files for Bankruptcy

Battery manufacturer Northvolt announced that it has filed for bankruptcy in Sweden, marking a major downfall for one of the most ambitious endeavours to establish a European EV battery giant. Founded in 2016, Stockholm, Sweden-based Northvolt was established with a goal to develop the “world’s greenest battery,” targeting a minimal carbon footprint, sustainable sourcing of raw materials and recycling. The…

BNP Paribas AM Establishes €800 Million Venture and Impact Platform

BNP Paribas AM Establishes €800 Million Venture and Impact Platform

BNP Paribas Asset Management (BNPP AM) announced the creation of a new entity, the Venture and Impact platform, within its Private Assets division. Launched with €800 million (USD$879 million) in assets under management, and dedicated to innovation and venture capital, the new platform combines the activities of BNPP AM’s Ecological Transition and Impact, Fintech and the Solar Impulse Venture Fund….

LEGO Group Nearly Triples Renewable Materials in Bricks in 2024

LEGO Group Nearly Triples Renewable Materials in Bricks in 2024

The LEGO Group revealed significant progress in its efforts to increase the use of sustainable materials in its products, announcing that its LEGO bricks in 2024 consisted of an estimated 33% material from renewable sources, nearly tripling year-over-year. The new data was released with LEGO Group’s 2024 Sustainability Statement, outlining the company’s progress towards its sustainability targets. The company’s goals…

Scale Needed to Power African Renewables

Blended finance, public-private partnerships and regulatory reform have a vital role in making renewable energy infrastructure investable. Africa’s clean energy needs are immense. Yet, compared to other developing regions of the world, sustainability-focused investors have been slow to commit funds to where they are most needed. Worried about weak governance, regulatory inconsistencies and project scalability, asset owners and managers could…

Scale the Key to Investment in African Renewables

Blended finance, public-private partnerships and regulatory reform have a vital role in making renewable energy infrastructure investable. Africa’s clean energy needs are immense. Yet, compared to other developing regions of the world, sustainability-focused investors have been slow to commit funds to where they are most needed. Worried about weak governance, regulatory inconsistencies and project scalability, asset owners and managers could…

NextEnergy Raises $950 Million for Newbuild Solar Fund

NextEnergy Raises $950 Million for Newbuild Solar Fund

Solar developer NextEnergy Group’s investment management arm NextEnergy Capital announced that it has raised a total of £733 million (USD$949 million) for NextPower UK ESG, its fund dedicated to new solar and energy storage facilities. Launched in December 2021, NextPower UK ESG focuses on utility-level solar assets in the UK, and has already deployed over 70% of its committed capital…

Omnibus Data Dearth Threatens Competitiveness

Reduced CSRD scope risks making high quality, comparable and reliable sustainability data harder to access and damaging confidence in investments. The European Commission’s (EC) pursuit of increased competitiveness by simplifying its sustainable finance rules through the proposed omnibus package poses a threat to the growth of ESG-related data for investors. The EC has stated that the omnibus’ cutting red tape…

Omnibus Data Dearth Threatens EU Competitiveness

Reduced CSRD scope risks making high quality, comparable and reliable sustainability data harder to access and damaging investor confidence. The European Commission’s (EC) pursuit of increased competitiveness by simplifying its sustainable finance rules through a proposed omnibus package poses a threat to the availability of ESG-related data to investors. The EC has stated that cutting red tape and simplifying rules…