Climate-focused investment and advisory firm Pollination announced today the launch of the Climate and Nature Impact Venture Fund, aimed at investing in early-stage climate and nature solutions companies, with a primary focus on Australian startups. The new fund is targeting a final close of $150 million. According to Pollination, the new fund aims to invest in standout companies in “net…
Sustainable aviation fuel (SAF) provider SkyNRG announced today the launch of Project Runway, a new Book & Claim initiative aimed at enabling companies and airlines to address their carbon footprints by accessing SAF, and supporting the growth of the SAF market. Alongside the establishment of the new program, SkyNRG also announced that Microsoft has joined the initiative as the founding…
The volume of climate litigation has increased exponentially over the past 10 years. However, uncertainty about legal outcomes and related costs means that so far, lawsuits have not impacted credit quality. Bruno Bastit, Global Corporate Governance Lead & Sustainability Research Director, and Tommy Englerth, Sustainable Finance Associate Director at S&P Global Ratings, explore: The cumulative number of climate-related cases launched…
Increased supervisory actions and better access to data and other resources will be required to address growing greenwashing risks at banks, investment firms and insurance companies, according to new reports released by Europe’s three primary financial regulatory agencies, the European Supervisory Authorities (ESAs). The ESAs include The European Securities and Markets Authority (ESMA), The European Banking Authority (EBA), and The…
Microsoft announced today the establishment of its “Datacenter Community Pledge,” aimed at ensuring that the company’s growing datacenter footprint serves helps to address societal challenges and create benefits in local communities, and including a series of environmental sustainability and community commitments. In a statement announcing the new commitments, Noelle Walsh, Corporate Vice President, Cloud Operations and Innovation at Microsoft said:…
Clean energy tech startup Aira announced today that it has secured €200 million in debt commitments from BNP Paribas, aimed at facilitating the installation of heat pumps in homes across Germany. Founded in 2022 by impact company builder Vargas, Stockholm, Sweden-based Aira provides clean energy-tech solutions aimed at accelerating the electrification of residential heating, including a high-efficiency heat pump. Heat…
Energy tech startup Xcimer Energy today announced that it has raised $100 million in a Series A financing round, with proceeds to be used to expand its team and demonstrate the viability of its fusion energy technology. Fusion, the process of combining two atoms to form a single atom to release energy, has been long referred to as the “Holy…
Fashion and design brands company H&M Group has expressed concerns over plans by the Science Based Targets initiative (SBTi) to allow the use of environmental attribute certificates (EACs) – and specifically offsetting through voluntary carbon markets (VCM) – to help companies address Scope 3 value chain emissions, in its standard for corporate net zero target setting. In a letter by…