Investing in traceability and fostering accountability throughout supply chains could improve sustainability and profits in the seafood sector. The overexploitation of marine biodiversity has substantial environmental and financial implications that investors should not ignore. Investor network the FAIRR Initiative claims that US$2-3 trillion of seafood-related assets and revenue could be at risk over the next 15 years due to the…
H2SITE Raises $37 Million to Scale Up Hydrogen Transport Solution
Hydrogen technology startup H2SITE announced that it has raised €36 million (USD $37.2 million) in a Series B funding round, with proceeds from the financing aimed at scaling up its hydrogen production capacity to multi tons per day. Established in 2021, Spain-based H2SITE provides solutions to the hydrogen transport problem by converting hydrogen carriers with well-known supply chains and separating…
Carbon Accounting Platform Gravity Raises $13 Million
Carbon accounting and energy management platform Gravity announced today that it has raised $13 million in a Series A funding round, with proceeds aimed at supporting investments in product R&D to expand its solutions and reach. Founded in 2022, San Francisco-based Gravity provides a software platform aimed at helping industrial businesses and their supply chain partners manage their carbon footprint,…
KKR Acquires Dawsongroup to Accelerate Strategy to Decarbonize Company Fleets
Alternative asset and private equity investor KKR announced today an agreement to acquire UK-based asset leasing business, with the transaction aimed at supporting the company’s growth and its strategy to help businesses transition their fleets to net zero. The acquisition will be made as part of KKR’s Global Climate strategy. KKR launched the strategy in 2023 in its infrastructure unit, which…
Germany Pushes to Delay CSRD Sustainability Reporting Requirements for Smaller Businesses
The government of Germany is pushing for significant changes to the implementation timeline and reporting requirements of the European Commission’s Corporate Sustainability Reporting Directive (CSRD), including pushing back sustainability reporting obligations for smaller companies by 2 years, and eliminating sector-specific reporting requirements. The proposed changes were recently outlined in a leaked letter signed by senior government ministers to the EU…