Social media giant Meta has signed a long-term contract to purchase 1.3 million nature-based carbon removal credits, with an option for delivery of an additional 2.6 million credits, through 2038, from BTG Pactual Timberland Investment Group (BTG Pactual TIG). The deal is one of the largest of its kind, and part of BTG Pactual TIG’s $1 billion Latin America reforestation…
The UK’s Competition and Markets Authority (CMA) announced today the release of a new compliance guide for fashion brands and retailers, aimed at helping the companies to comply with the regulator’s Green Claims Code when making environmental claims about their products and services. Alongside the launch of the new guide, the CMA announced that it has sent letters to 17…
BlackRock, Microsoft, infrastructure investor Global Infrastructure Partners and Abu Dhabi-based AI development-focused company MGX announced today the launch of the Global AI Infrastructure Investment Partnership (GAIIP), a new AI-focused partnership aimed at investing in new and expanded data centers and new energy infrastructure to power the facilities. The new partnership aims to raise $30 billion of private equity capital from…
The world’s largest companies are increasingly setting significant climate-related targets, despite facing increasing the challenges they are facing from anti-ESG political backlash and growing scrutiny over greenwashing in their environmental claims, according to a new study released by carbon markets-focused solutions provider Climate Impact Partners. For the study, Climate Impact Partners assessed the climate commitments of the Fortune Global 500…
UK-based Zevero announced that it has raised $7 million in a seed funding round to expand its footprint and enable more companies around the globe to utilize its platform to help businesses measure, report and reduce carbon emissions. Founded in 2021, Zevero offers companies tools to understand the impact of their emissions, enabling them to determine how and where they…
One Click LCA, which develops software to enable builders and manufacturers to track and reduce their carbon footprint, announced that it has acquired ENVI-met, which provides software for microclimate simulation in construction and other industries. The acquisition will enable One Click LCA to expand the footprint of its life cycle assessment (LCA) software, enabling builders, architects, urban planners, manufacturers and…
Investment manager Vanguard released data from its Investor Choice proxy voting pilot on Tuesday, indicating that approximately one quarter of investors participating in the exercise chose to cast their proxy votes in alignment with an ESG-focused policy. Vanguard launched its Investor Choice pilot in early 2023, offering investors with the ability to select from a range of policy options to…
A group of more than 530 financial institutions representing over $29 trillion in assets under management announced the release of the 2024 Global Investor Statement to Governments on the Climate Crisis, calling on governments globally to set policies aimed at unlocking private capital flows to enable the net zero transition, including mandatory climate-related reporting and the implementation of transition strategies…