A balance is needed between supplying minerals for clean–energy technologies and managing coal’s decline, according to a collaborative initiative. Guidance from the Global Investor Commission on Mining 2030 on assessing environment and social impacts will be developed into action plans over the next 12 months. Released on the eve of last week’s PRI in Person conference, a report from the…
Digital Media Decarbonization Platform Scope3 Raises $25 Million to Tackle Climate Impact of AI
Digital media-focused sustainability platform Scope 3 announced that it has raised $25 million, with proceeds aimed at enabling the company to expand its focus to help tackle the climate impact of the AI industry. Founded in 2021, Scope3 has focused on decarbonizing media and advertising, providing solutions for participants in the advertising ecosystem to visualize, measure, and reduce their carbon…
Diagram Raises $80 Million for Climate Tech Venture Builder Fund
Venture builder and investor Diagram announced that it has raised $80 million for its ClimateTech Fund, exceeding its $60 million target for the environmental solutions innovations-focused fund. Backed by alternative asset manager Sagard, Montreal, Quebec-based Diagram conceives and launches technology companies across sectors including financial services, insurance, and health industries, supporting entrepreneurs with a proven track record or domain expertise…
JPMorgan, Capital One Provide $260 Million Tax Equity Financing for BrightNight Solar Project in Arizona
Renewable power company BrightNight announced today that it has closed a $260 million tax-equity financing, provided by J.P. Morgan, through one of its affiliates, and Capital One, for its 300 MW Box Canyon solar project in Arizona. Tax equity financing is emerging as a key source of funding for new clean energy and decarbonization projects in the U.S., since the…
Fidelity International Launches Blue Transition Bond Fund Supporting Ocean, Freshwater Health
Investment management firm Fidelity International announced today the launch of Fidelity Funds 2 – Blue Transition Bond Fund, a new fund aimed at supporting the transition towards improved ocean and freshwater health while achieving capital growth over the long term. The launch marks the first blue transition fixed income fund globally, according to Fidelity, and comes as ocean and freshwater-related…
Macquarie Plans £20 Billion Infrastructure Investments in UK
Global financial services group Macquarie announced today plans for £20 billion in infrastructure-focused investments in the UK, encompassing energy transition-focused areas such as EV charging and renewable energy, in addition to digital infrastructure and other areas. Among the key infrastructure investments highlighted by the firm as part of its announcement was a plan to roll out a network of fast-charging…
ESG Today: Week in Review
This week in ESG news: Canada plans mandatory climate reporting for large companies; ACCA launches sustainability skills course, accreditation for finance professionals; KPMG survey finds CEOs are sticking with climate strategies, but changing how they talk about it; EU to delay rules banning deforestation-linked products; ISS acquires carbon accounting software provider; Morningstar launches CSRD, EU Taxonomy compliance solutions; greenwashing cases…