Solar developer and operator Dimension Energy announced that it has raised $857 million in capital, with proceeds aimed at accelerating the growth of its distributed solar operations in the U.S. The company said that the new capital will support its growth to 1 GW of operating assets by 2028. Founded in 2018, Atlanta-based Dimension Energy develops, owns and operates distributed…

Singapore’s sovereign wealth fund, GIC, has appointed De Rui Wong as its new Head of Sustainability, leading the firm’s Sustainability Office, which conducts sustainability-related investment research and develop investment strategy solutions to address sustainability issues that have significant impact on the GIC portfolio. Wong joined GIC in 2019, and has served in the Sustainability Office since it was launched in…

Microsoft and clean energy company Qcells announced a significant expansion of their alliance, currently focused on solar panels, to the exploration of new approaches to address the key challenge of adding massive compute capacity required to support AI, without shifting the energy burden onto local communities. The announcement follows an initial 2.5 GW solar panel and services agreement by the…

New legislation aimed at preventing civil lawsuits against companies over the environmental harm caused by their greenhouse gas emissions passed the final reading in the New Zealand Parliament, in a move criticized by environmental groups, but described by Justice Minister Paul Goldsmith as providing businesses with “certainty around their climate change obligations.” The legislation, introduced by the New Zealand government…

Germany-based sustainability software company osapiens announced Wednesday the acquisition of capital markets technology and exchange company Nasdaq’s sustainability reporting and carbon accounting software platform Nasdaq Metrio, and its customers. Launched in 2023 by Nasdaq following its acquisition of ESG reporting software provider Metrio, Nasdaq Metrio helps organizations collect, validate, and report ESG and GHG data, with coverage of frameworks and standards including…

Middle East, North Africa, Türkiye and South Asia-focused banking group Emirates NBD announced the release of its inaugural Transition Finance Framework, underpinning its commitment to mobilize $30 billion of sustainable and transition finance by 2030 by providing clear guidelines for identifying and categorizing financing activities that facilitate the transition to a low-carbon economy, alongside the group’s current Sustainable Finance Framework….

China-based energy solutions company CATL announced it has reached certification of all 20 of its battery plants as carbon neutral, achieving its key climate target of carbon neutrality across core operations by 2025 on schedule. The company also unveiled its action roadmap toward the achievement of full value-chain carbon neutrality by 2035, which includes plans to issue new procurement guidelines…

The IFRS Foundation announced the approval of new five-year operating and financing plans for its sustainability reporting and accounting standards boards, the ISSB and IASB, respectively, with the ISSB plan setting out the transition of the board’s funding structure from a seed funding to a more long-term funding model over the next several years. The IFRS Foundation also announced plans…

Specialist impact investor Blue Earth Capital announced that it has raised over $200 million in investor commitments at the second close of its impact secondaries strategy, the firm’s first fund dedicated to secondary transactions. Founded in 2021, Switzerland-based Blue Earth Capital targets investments addressing the world’s most pressing social and environmental challenges while aiming for attractive and market-rate financial returns,…

Carbon credit procurement platform Senken announced today that it has signed a multi-year carbon removal offtake agreement with CO2 removal technology company Carbonsate, covering 50,000 tons of permanent carbon removal, marking the largest biomass storage deal signed in Europe to date. Berlin-based Carbonsate develops biomass storage projects that deliver permanent carbon removal by storing waste wood in engineered underground storage…