Global delivery giant FedEx announced the launch of a new reusable packaging system aimed at enabling B2B shippers to move away from single-use packaging, reduce waste, and cut carbon emissions. The new system was developed in collaboration with logistics-focused reusable packaging provider Returnity. Founded in 2016, New York-based Returnity develops reusable packaging systems for logistics, retail and e-commerce supply chains….
India-based decarbonization solutions provider ReNew Energy announced today that its commercial and industrial-focused platform ReNew Green has raised $95 million through a new equity investment. The funding was led by LeapFrog Investments, which committed $50 million, with the remaining capital provided by co-investors Emerging Market Climate Action Fund (EMCAF) and Carlyle AlpInvest. Nakul Zaveri, Global Co-Lead for Climate Investment Strategy…
Nest, the largest workplace pension scheme in the UK by membership, announced that it has strengthened its voting policy in order to address backtracking on corporate climate commitments, stating that it may now vote against board chairs at companies that have materially scaled back their climate strategies. According to Nest, the update aligns with its climate change policy, which includes…
Forest restoration company Rainforest Builder UK announced the closing of a Series A funding round led by BNP Paribas’ alternatives asset manager BNP Paribas Asset Management Alts (BNPP AM Alts), with proceeds aimed at accelerating its community-oriented ecosystem restoration projects in West Africa. Founded in 2022, Rainforest Builder restores degraded tropical forests and generates carbon removal credits through large-scale ecosystem…
The U.S. Justice and Transportation Departments announced that they have filed a lawsuit in federal court, aimed at striking down California regulations requiring automakers to reduce fleetwide vehicle CO2 emissions and increase the proportion of zero emission vehicle (ZEV) sales over time. The launch of the new lawsuit marks the latest in a series of moves by the Trump administration…
Guest post by: Sarah Walkley is Senior Sustainability Writer, Context Europe Environmental, social and governance (ESG) ratings have become an established feature of the investment landscape. Over 90% of investors refer to ESG ratings at least once a month, despite saying they have limited trust in the benchmarks. Companies pursue ratings because investors expect independent validation of their sustainability credentials….
This week in ESG news: HSBC surpasses record $100 billion sustainable finance activity; vast majority of companies removed from CSRD plan to continue sustainability reporting anyway; EU’s von der Leyen calls multi-decade move away from nuclear power a “strategic mistake”; Rabobank launches €1 billion impact investing platform; LEGO surpasses 50% sustainable materials to make its bricks; NZAOA adds transition targets…
Renewable energy investor Octopus Energy Generation announced the expansion of its carbon removal partnership with nature-based solutions provider Cultivo, with an agreement to deploy an additional $60 million to support grasslands regeneration and carbon removal projects, bringing the partnership to $100 million. Founded in 2019, California-based Cultivo uses technology and algorithms to identify high quality nature-based solution projects around the…
Space tech startup AIRMO announced that it has raised €5 million in a seed funding round, with proceeds for the financing aimed at launching the first satellite mission for its greenhouse gas monitoring system. Founded in 2022 by rocket scientist Daria Stepanova, Berlin and Luxembourg-based AIRMO designs, builds, and operates tools to monitor methane emissions from the air and from…