WaterEquity, a US-based asset manager focused on social and environmental impact-based investments in the areas of water and sanitation, announced that it had raised over $100 million for its new Water & Climate Resilience Fund, which seeks to bring together investment partners to support efforts to enhance water stewardship, sustainable development, and climate resilience. Among participants in the new Fund…
The U.S. Securities and Exchange Commission (SEC) announced that it has charged Keurig Dr Pepper Inc. over claims by the company that its coffee pods could be recycled, despite not being accepted by major U.S. recycling companies. Alongside the announcement, the SEC said that Keurig has agreed to pay a civil penalty of $1.5 million to settle the charges, without…
The vast majority of large companies across the world have been increasing sustainability-related investments over the past year, as C-suite executives have become more concerned about the impact of climate change on their companies, while simultaneously also become more focused on the direct business benefits and opportunities presented by their climate and sustainability initiatives, according to a new survey released…
Technology giant Microsoft on Wednesday announced the purchase of 234,000 Rainforest Restoration Carbon Removal Credits from Mexico-based Toroto, a company that develops projects to enhance and restore ecosystems and reduce the impact of climate change. The nature-based carbon credits were generated by a project removing atmospheric carbon dioxide in the state of Campeche, in the Calakmul region of southeastern Mexico….
Cloud-focused infrastructure and software provider Oracle announced today the launch of Oracle Fusion Cloud Sustainability, a new application aimed at enabling companies to manage and report on sustainability initiatives. Forming part of Oracle’s cloud suite of SaaS applications, Oracle Fusion Cloud Applications Suite, the new solution integrates data from across the platform’s enterprise resource planning (ERP) and supply chain and…
Enterprise application software company SAP and global content and technology company Thomson Reuters announced today a new product integration, combining Thomson Reuters’ reporting solution ONESOURCE Statutory Reporting and SAP’s ESG data platform Sustainability Control Tower to offer enterprises a unified ESG reporting solution. Launched in 2021, SAP Sustainability Control Tower was designed as a central location for all sustainability data…
Retraced, a Germany-based online platform that enables apparel brands to digitize, trace, and analyze sustainability compliance and risks in their supply chains, announced Wednesday that it had raised €15 million in a Series A funding round. The round was led by Partech, one of the largest tech investment platforms in Europe, with participation from previous investors Alante Capital, Alstin Capital,…
The U.S. Environmental Protection Agency (EPA) announced the release of a proposed update to its Recommendations of Specifications, Standards and Ecolabels for Federal Purchasing, aimed at helping government purchasers and other buyers to identify environmentally sustainable products. The EPA’s Recommendations are used to help buyers identify thousands of products and services that are more sustainable, climate friendly or contain safer…