Health technology company Philips announced the pricing of its new €650 million green bond offering, he first by the company – and in the healthcare industry – to be issued under the EU’s European Green Bond (EuGB) standard. Adopted by the EU in November 2023, the EuGB regulation was launched by the European Commission to establish a “gold standard” for green bonds, in…
AI data center grid flexibility technology company Emerald AI announced that it has raised $150 million in a Series A funding round, with proceeds aimed at accelerating commercial deployment of its technology to transform AI data centers into flexible assets for the power grid. The new financing round values Emerald AI at $1.05 billion. According to Emerald AI the new…
Singapore-based environmental markets exchange Climate Impact X (CIX) and London-based carbon market platform Carbonplace announced today an agreement to merge, in a transaction described by the companies as bridging two of the world’s leading financial and carbon market hubs, backed by a group of global banks and investors. CIX was launched in 2021 through a joint venture between DBS, Singapore Exchange (SGX),…
MassMutual Ventures (MMV), the venture capital investment arm of financial services and insurance company MassMutual, announced the launch of Climate Technology Fund II (CTF II), a $150 million venture capital fund targeting early-stage companies applying climate technology and artificial intelligence to real assets. According to MMV, the new fund will focus on the intersection of several long-term trends, including the…
Energy-focused global engineering and technology company Aker Solutions announced a new agreement with Microsoft, with the companies collaborating to advance the maturity, bankability and delivery of carbon capture and storage (CCS) and carbon dioxide removal (CDR) projects globally. Under the new agreement, Aker said that it aims to engage with developers, emitters, transport and storage providers, industry stakeholders and governments…
Real estate decision intelligence platform Lookthrough announced an agreement to acquire Schindler-owned real estate portfolio ESG data and reporting platform BuildingMinds, in a transaction described by the companies as aimed at creating an AI platform for institutional real estate, combining ESG and operational data serving institutional investors, governments and global technology companies. Launched in 2018 by elevator and escalator manufacturer…
M&G’s impact investing unit responsAbility Investments announced that it has raised $461 million in commitments at the final close of its Asia Climate Fund, aimed at deploying capital into companies positioned to benefit from Asia’s energy transition, infrastructure build-out and demand for more efficient, resilient business models. According to responsAbility, the final closing establishes the fund as the firm’s largest…