West Virginia Treasurer Riley Moore announced that several banks, including HSBC, Citi, Northern Trust and TD Bank, have been added to the list of financial institutions determined to be engaged in “boycotts” of fossil fuel companies, and barred from providing banking services to the state. The announcement marks the latest in a series of moves in an ongoing anti-ESG movement…
Approximately 3,000 U.S. companies must comply with new EU rules, and many are not prepared. Here’s what they should know. By Harry Etra, Managing Director, North America ESG at Morrow Sodali Many U.S. companies with substantial business in Europe are not prepared for new sustainability disclosure regulations. We are at an inflection point for companies to understand their exposure to…
Climate solutions software provider Watershed announced today the launch of Watershed for CSRD, a new software solution aimed at helping companies to collect and manage data for disclosure under the EU’s new Corporate Sustainability Reporting Directive (CSRD). The CSRD, which began applying to some companies as of the beginning of 2024, will significantly expand the number of companies required to…
The Sustainability Standards Board of Japan (SSBJ) announced the release of new exposure drafts for proposed standards for companies to report sustainability and climate-related information, based on the recently released sustainability disclosure standards by the IFRS Foundation’s International Sustainability Standards Board (ISSB). The release of the exposure drafts marks the latest in a series of steps that may see Japanese…
Athletic apparel company lululemon athletica announced the launch a limited edition Packable Anorak jacket, its first ever product to be produced using enzymatically recycled polyester, as well as from captured carbon, in what the company described as a “key milestone” in textile recycling and its work to create a circular ecosystem. Polyester is Lululemon’s largest procured material by weight, at…
Climate solutions startup Windfall Bio announced today that it has raised $28 million in a Series A funding round, with proceeds from the financing aimed at supporting the commercialization of its solution to capture and utilize methane from emissions-intensive industries. Rapid reduction in methane emissions is seen as one of the most effective near-term actions that can be taken in…
Carbon capture technology provider ION Clean Energy announced that it has raised $45 million from investors including energy giant Chevron’s low-carbon solutions-focused business Chevron New Energies (CNE), who led the round, and carbon management-focused investor Carbon Direct Capital. Founded in 2008, Boulder, Colorado-based ION Clean Energy provides technology aimed at reducing the overall costs of post-combustion carbon dioxide capture, enabling…
Multi-stage venture investment firm B Capital announced two senior appointments aimed at expanding its climate investment platform, including Boston Consulting Group (BCG) Global Chair and former CEO Rich Lesser as Vice Chair, Climate & Sustainability and Senior Advisor, and Jeff Johnson as General Partner to lead the climate business. Launched in 2015 by Facebook co-founder Eduardo Saverin and Raj Ganguly,…