PROTECT USA Act’s short-term impact will likely be limited but could set lay groundwork for future regulatory or executive actions. A bill seeking to challenge the application of the EU’s Corporate Sustainability Due Diligence Directive (CSDDD) to US firms reflects negative sentiment among American executives as well as politicians, adding to domestic pressures on the landmark law. Earlier this month,…
EU Council Approves Delay to CSRD and CSDDD Sustainability Reporting Regulations
EU member states in the European Council announced that they have approved the European Commission’s ‘stop-the-clock’ directive, delaying the implementation of key sustainability reporting and due diligence regulations, including the CSRD and CSDDD. The directive forms the first major step in the Commission’s Omnibus I package, aimed at significantly reducing the sustainability reporting and regulatory burden on companies, and particularly…
GravitHy Raises $65 Million to Help Decarbonize Steel Industry
Sustainable iron startup GravitHy announced that it has raised €60 million (USD$64.7 million), with proceeds aimed at supporting its plans to produce low-carbon iron to help decarbonize the steel industry. Steelmaking is one of the biggest emitters of CO2 globally, and one of the more challenging sectors to abate, with total greenhouse gas emissions (GHG) from the sector accounting for…
Kimberly-Clark to Reach 100% Renewable Energy at Kleenex Manufacturing Site
Consumer brands company Kimberly-Clark announced that its factory in Koblenz, Germany is on track to move to 100% renewable energy by 2029, making it the company’s first tissue manufacturing site worldwide to achieve that goal. According to Kimberly-Clark, the achievement will support its goal to reduce its Scope 1 and 2 emissions by 50% by 2030. The company said that…
Just Climate Invests $25 Million in Sustainable Agriculture Solutions Provider GreenLight Biosciences
Agriculture-focused biosolutions provider GreenLight Biosciences announced the closing of its Series C funding round – which included a $25 million investment from climate solutions-focused investment business Just Climate – with proceeds aimed at expanding and commercializing its sustainable solutions that enhance agricultural productivity while preserving biodiversity. Established in 2008, Medford, Massachusetts-based GreenLight Bio provides sustainable RNA-based solutions for farmers and…
Frontier Signs $33 Million Carbon Removal Purchase with Enhanced Rock Weathering Startup Eion
Enhanced rock weathering startup Eion announced today a $33 million carbon removal purchase agreement through buyer coalition Frontier, with purchases by companies including Google, Shopify, JPMorgan Chase and H&M Group, among others. Under the new transaction, Eion will remove more than 78,700 tons of CO2 between 2027 and 2030. Founded in 2020, Eion uses enhanced rock weathering (ERW) to speed…
Airbus Reconfirms Commitment to Develop Hydrogen-Powered Aircraft
Aerospace giant Airbus stated that it has “reconfirmed its commitment” to develop a commercially viable hydrogen aircraft, and selected fuel cell technology from a series of methods explored as the propulsion method for the new aircraft. The announcement, made at the company’s 2025 Airbus Summit, comes shortly after Airbus revealed that it had delayed its plans to develop a hydrogen-powered…
ING Becomes First Global Bank with SBTi-Approved Financed Emissions Reduction Targets
Amsterdam-based global bank ING announced today that its climate targets, including goals to reduce financed emissions in client portfolios as well as in the bank’s own operations, have been validated by the Science Based Targets initiative (SBTi) as aligning with the 1.5 °C ambition of the Paris Agreement. According to the SBTi, ING is the first global systemically important bank…