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…
French energy giant TotalEnergies announced today a new agreement with the German power producer RWE to supply 30,000 tons of green hydrogen annually to the Leuna refinery for 15 years, beginning in 2030. The deal is in line with a commitment by TotalEnergies to decarbonize the hydrogen used in its European refineries, the company said. The green hydrogen will be…
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 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….
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…
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…