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Cleantech Startup SpotmyEnergy Raises €10.5 Million to Improve Home Energy Efficiency

Cleantech Startup SpotmyEnergy Raises €10.5 Million to Improve Home Energy Efficiency

German smart meter developer SpotmyEnergy announced that it has raised €10.5 million (USD $11 million) in a seed funding round, with proceeds to be used to meet product demand and further develop its technology and solutions for household energy management. Established in 2023 by German cleantech serial entrepreneur Jochen Schwill, SpotmyEnergy develops and installs smart energy consumption meters, and provides…

EQS Group Acquires Sustainability Software Provider Daato

EQS Group Acquires Sustainability Software Provider Daato

Compliance, investor relations and ESG software provider EQS Group announced today the acquisition of Berlin-based Daato Technologies, which provides a platform to help companies comply with ESG reporting and regulations. EQS said that the acquisition will enable its clients to more easily navigate the growing number of ESG regulations and compliance requirements. EQS Group, headquartered in Munich, provides a cloud…

Hong Kong to Require IFRS-Aligned Sustainability Reporting Starting in 2025

Hong Kong to Require IFRS-Aligned Sustainability Reporting Starting in 2025

The Hong Kong government announced the release of its Roadmap on Sustainability Disclosure in Hong Kong, outlining the details of its plans to implement sustainability reporting requirements for companies, with a view to introducing reporting based on the IFRS Foundation’s ISSB standards for some listed companies on a comply-or explain basis next year, and with mandatory requirements for large-cap companies…

Biodiversity Credits Not the “Next Generation” of VCM

Lessons have been learned from carbon offset missteps, but new market will also be marked by differences in project design, benefits and rationale. Investors have grown to regard carbon credits with caution, particularly when used by firms to offset CO2 emissions as part of their net zero commitments. While the nascent biodiversity credit market has learned lessons from overstated offset…