California-based Universal Fuel Technologies (Unifuel), which is developing technology to cut sustainable aviation fuel (SAF) production costs, announced that it has raised $3 million for the advancement of its projects, as well as for lab space in Texas. Fuel accounts for the vast majority of the aviation sector’s emissions. Generally produced from sustainable resources, like waste oils and agricultural residues,…
TrusTrace, which provides a digital platform for product traceability and supply chain transparency, announced today the launch of a new Deforestation Compliance Solution aimed at supporting companies on complying with the requirement to provide deforestation-free shipments ahead of the implementation of The Regulation on Deforestation Free Products (EUDR). The EUDR was initially introduced by the EU Commission in November, 2021,…
Sustainable investing firm Mirova announced that it has been selected to manage “Objectif biodiversité” a new fund launched by a consortium of French institutional investors, targeting investments in businesses transitioning to sustainable business models and in innovative solutions for biodiversity preservation. The fund, with over €100 million and an initial duration of 5 years, will primarily focus on small and…
The U.S. Securities and Exchange Commission (SEC) announced that it has charged ETF provider and asset manager WisdomTree with making misstatements and compliance failures after finding that funds marketed by the firm as incorporating ESG factors failed to comply with their own criteria, by investing in companies involved in fossil fuel and tobacco activities. According to the SEC and a…
The Hong Kong Monetary Authority (HKMA), Hong Kong’s central banking institution, announced the launch of its Sustainable Finance Action Agenda, setting out a series of finance sector-focused targets and planned actions to support green and sustainable financing needs to support the low carbon transition and to establish Hong Kong as a “sustainable finance hub” in the region. Among the key…
Southwest Airlines announced a new supply agreement for up to 25 million gallons of sustainable aviation fuel (SAF) for use at Chicago Midway International Airport (MDW) with Valero Energy Corporation subsidiary Valero Marketing and Supply Company. The deal marks Illinois’ largest announced SAF supply agreement to date. The agreement follows the release last year by Southwest of its updated sustainability strategy, “Nonstop to…
Mercedes-Benz announced today the opening of a new battery recycling plant in Kuppenheim, southern Germany, creating “a genuine circular economy,” according to the company, with a 96% recovery rate, and the ability to recover key materials such as lithium, nickel and cobalt in a way which is suitable for use in new batteries for future electric vehicles. Mercedes-Benz said that…