Business leaders are seeing a wide range of value creation benefits from their companies’ sustainability activities, with more than 60% reporting improved employee attraction and retention, and half citing higher sales and lower costs, although only around a third of companies have highly integrated sustainability into decision making, according to a new survey released by ERM Sustainability Institute, Salesforce, GlobeScan,…
Asset owner-led sustainability data platform the Sustainable Development Investments Asset Owner Platform (SDI AOP) announced the launch of SDI Outcomes, a new solution aimed at providing investors with consistent and comparable sustainability outcome data to assess the real-world outcomes of sustainable investments. Launched in 2020 by pension asset managers APG, AustralianSuper, British Columbia Investment Management Corporation (BCI) and PGGM, SDI AOP…
Climate-tech startup Spiritus announced that it has raised $30 million in a Series A funding round, with proceeds aimed at enabling the company to advance its scalable, low-cost direct air capture (DAC) carbon removal technology. DAC technology, listed by the IEA as a key carbon removal option in the transition to a net-zero energy system, extracts CO2 directly from the…
The UK Government’s Department for Transport announced the launch of a new consultation on an initiative aimed at supporting producers of sustainable aviation fuel (SAF) through the establishment of a “revenue certainty mechanism” (RCM) to be funded by jet-fuel suppliers. Fuel accounts for the vast majority of the aviation sector’s emissions. Generally produced from sustainable resources, like waste oils and…
Nuclear technology startup Renaissance Fusion announced that it has raised €32 million (USD$33.2 million) in a series A funding round, with proceeds aimed at scaling and commercializing its fusion technology to produce low-cost, low-carbon energy. Founded in 2020 by Francesco Volpe and Martin Kupp, Grenoble, France-based Renaissance Fusion is developing technology aimed at making nuclear fusion simpler and cheaper. The…
This week in ESG news: Wells Fargo drops net zero goals; Japan releases first sustainability reporting standards; Microsoft signs 30-year carbon removal deal; EU gives automakers more flexibility on emissions rules; Standard Chartered to engage with high-emission clients; SMBC exits net zero banking group; Mars introduces new sustainable packaging; U.S. rejects UN Sustainable Development Goals; Watershed seeks 1 million tons…
Liverpool Football Club (LFC) and 1PointFive, the Direct Air Capture (DAC)-focused subsidiary of energy giant Occidental (Oxy) announced a new collaboration to launch products for the team’s fans that have had their carbon footprint addresses through the purchase of DAC-based carbon credits. According to LFC, the new collaboration marks a significant step towards its efforts to reduce its environmental impact…