HVAC and climate control solutions company Trane Technologies announced that it has signed a definitive agreement to acquire BrainBox AI, which has developed an artificial intelligence and cloud-based building systems optimization tool aimed at helping building owners to accelerate decarbonization and reduce energy consumption. Headquartered in Montreal, Canada, BrainBox AI utilizes artificial intelligence to predict building energy needs and automate…
IOSCO, the leading international policy forum and standards setter for securities regulators, announced the launch of the GEMC Network for Adoption or Other Use of ISSB Standards, a new network aimed at supporting the adoption and use of the IFRS Foundation’s sustainability reporting standards in emerging markets. The launch of the new network follows the release last year by the…
Carbon removal buyer coalition Frontier announced that it has facilitated $80 million in offtake agreements on behalf of buyers including Google, H&M, Stripe and Salesforce, among others, for the removal of nearly 300,000 tons of CO2 through technologies that integrate carbon removal into existing industrial processes. The offtake agreements were signed with CO280, a developer of Biomass Carbon Removal and…
Global professional services firm Accenture announced today an agreement to acquire Italian engineering services provider IQT Group, in a move aimed at strengthening Accenture’s capabilities for net zero infrastructure projects. IQT Group, based in Rovigo, Italy, focuses on designing and supervising net-zero infrastructure projects for electricity generation and transmission. The company works closely with utility providers, helping both private and…
HVAC and climate control solutions company Trane Technologies announced today the appointment of Mauro Atalla as Chief Technology and Sustainability Officer. Atalla will report to Chair and CEO Dave Regnery as part of the executive leadership team and will lead the product development, innovation and sustainability strategies for Trane Technologies globally. In his new role, Atalla will be responsible for…
UK ad regulator the Advertising Standards Authority (ASA) ruled today that an ad by Lloyds Bank highlighting the bank’s contributions to the low-carbon transition through its clean energy financing activity was misleading, due to its failure to provide information on Lloyd’s continued financing for carbon emitting activities, which it added “represented a large contribution to GHG (greenhouse gas) emissions.” The…