Carbon removal buyer coalition Frontier announced that it has facilitated purchases of 100,000 tons of carbon removals to be generated between 2029 and 2030, through the abatement of emissions from a waste incineration plant owned by power and heat provider Hafslund Celsio. The agreement will support the first-ever retrofit of a waste-to-energy facility to deliver carbon removal, according to Frontier….
Global consumer brands company Unilever announced that it has acquired Wild, a personal care brand focused on sustainable packaging and materials. Based in London, Wild was founded in 2020 by CEO Freddy Ward and CMO Charlie Bowes-Lyon, with an ambition of “making sustainable bathroom products mainstream,” according to a post by Bowes-Lyon. The company produces premium deodorants, lip balms, bodywashes…
Deutsche Bank’s investment arm DWS has been fined €25 million (USD$27 million) over charges that it misled investors over its sustainable investing credentials, according to a statement released by the Frankfurt prosecutor’s office. In a statement following the announcement, DWS said that it has “acknowledged that in the past our marketing was sometimes exuberant,” and that the firm has already…
Sustainability-focused fintech startup WeeFin announced that it has raised €25 million (USD$27 million) in a Series B funding round, with proceeds aimed at expanding internationally and develop its offerings to help financial institutions manage their sustainability strategies. Established in 2018, Paris-based WeeFin provides solutions aimed at enabling financial institutions to deploy more ambitious sustainability strategies, by centralizing ESG processes ranging…
Clean energy company XGS Energy announced that it has raised $13 million in a new financing round, with proceeds aimed at expanding its geothermal energy technology, financing new projects, and growing its team. Founded in 2008, California-based XGS Energy provides heat-harvesting technology to enable access to affordable and carbon-free geothermal energy. The company’s solution drills a single directional well to…