Nearly all insurers have set climate transition-related objectives in their portfolios, including more than half that have set net zero targets, and most report a growing conviction towards investing in the low carbon transition, with plans to increase allocations in clean energy infrastructure and transition-focused technologies, according to a new survey released by investment giant BlackRock. For the report, BlackRock…
Financial technology and data services provider and exchange operator Intercontinental Exchange (ICE), announced the launch of a new climate transition risk solution targeted at underserved segments of fixed income including municipals, securitized mortgage-backed securities (MBS) and real estate. According to ICE, the new solution will provide emissions estimates and portfolio analytics across various fixed income asset classes, covering Scope 1,…
REsurety, which provides software and services to clients seeking to reduce their carbon footprint, announced the launch of CleanTrade, a new marketplace aimed at enabling the purchase and sale of clean energy contracts, virtual power plant agreements, and other products, services and assets, via a single trading platform. The new marketplace will be funded by the company’s recent $32 million…
IBM announced today the acquisition of renewables-focused asset performance management (APM) software provider Prescinto, in a move described by the company as aimed at furthering its leadership in the energy and utility space, as the industry seeks solutions to manage and optimize wind, solar, and other renewable energy storage assets. Founded in 2016, India-based Prescinto provides software products to improve…
BNP Paribas Asset Management (BNPP AM) announced that it has raised €280 million (USD$305 million) at the first close of BNP Paribas European Junior Infrastructure Debt Fund II, aimed at supporting energy transition, green mobility and digital infrastructure projects. Classified as Article 8 under the EU Sustainable Finance Disclosure Regulation (SFDR), the fund invests in non-investment grade infrastructure debt, targeting…
Google announced today an agreement with nuclear technology company Kairos Power aimed at deploying a fleet of small advanced nuclear power projects across the U.S. to provide up to 500 MW of carbon-free energy, and helping the technology giant to meet its climate and clean energy goals, as its growing data center footprint consumes increasing amounts of electricity and produces…
Digital media-focused sustainability platform Scope 3 announced that it has raised $25 million, with proceeds aimed at enabling the company to expand its focus to help tackle the climate impact of the AI industry. Founded in 2021, Scope3 has focused on decarbonizing media and advertising, providing solutions for participants in the advertising ecosystem to visualize, measure, and reduce their carbon…