The Corporate Sustainability Reporting Directive (CSRD) is a landmark piece of EU legislation designed to enhance the transparency and comparability of sustainability information disclosed by companies. This directive, which will become mandatory for large UK businesses from 2025, aims to drive sustainable economic growth and combat climate change.
This week in ESG news: Microsoft launches new supplier decarbonization team for cloud and AI; competition for clean energy from data centers forces megaton carbon capture project out of state; EcoVadis acquires human rights analytics provider; ESMA report finds transition funds outpacing sustainability funds; Australia senate passes climate disclosure law; new sustainable investing products from BNP Paribas, Candriam, SEB, Robeco;…
BNP Paribas Asset Management (BNPP AM) announced the launch of two new ESG-integrated exchange-traded funds, BNP Paribas Easy Sustainable Japan UCITS ETF and BNP Paribas Easy Sustainable US UCITS ETF. The new funds form part of BNPP AM’s Easy Active Beta ETF range, its suite of funds that combine a traditional indexing approach with active integration of the firm’s proprietary…
Carbon capture startup Mantel announced that it has raised $30 million in Series A funding round, with proceeds aimed at scale its technology to help address emissions in hard-to-abate industries. Founded in 2022 by Cameron Halliday, Danielle Rapson and Sean Robertson as a spin out from MIT’s Department of Chemical Engineering, Cambridge, Massachusetts-based Mantel is developing molten salt-based carbon capture…
Capital markets technology and exchange company Nasdaq announced a new collaboration between Nasdaq ESG Solutions and sustainable financial technology company Crux, aimed at enabling clients to advance sustainability objectives and realize cost savings by taking advantage of the Inflation Reduction Act’s clean energy transferable tax credits. Passed by the U.S. in 2022, the Inflation Reduction Act (IRA) allocated nearly $370…