Supervisors and service providers must bolster trust in sustainable investment products, insists Anyve Arakelijan, Policy Advisor at EFAMA. Sustainable investing is still a relatively nascent industry, often lacking clear and comparable ESG criteria and the data required to assess these. Growing demand and availability of sustainable investments, combined with a wave of often inconsistent regulations, have added significant complexity for…
TPG Acquires Industrial Emissions Reduction Tech Company Miratech to Address Growing Data Center Opportunity
TPG Rise Climate, the climate investing strategy of TPG’s global impact investing platform, TPG Rise, announced today the acquisition of industrial aftermarket emissions reduction solutions provider Miratech, citing opportunities to address the emissions challenge created by growing power demand from increasing data center usage. Marc Mezvinsky, Partner at TPG and a senior member of the firm’s climate investing team, said:…
Sustainable Materials Producer 6K Raises $82 Million
Sustainable engineered materials producer 6K announced today that it has raised $82 million at the first close of its Series E funding round, with proceeds aimed at enabling the company to scale up production. 6K said that it expects a second close of the Series E round later this year. Founded in 2014, Massachusetts-based 6K develops advanced materials for markets…
BMW to Launch Hydrogen-Powered Fuel Cell Electric Vehicle in Partnership with Toyota
BMW Group announced today that it plans to launch its first-ever series production hydrogen-powered fuel cell electric vehicle (FCEV) in 2028. BMW has set a goal to reduce CO2 emissions per vehicle over the full lifecycle – including supply chain, production and product use – by at least 40% by 2030, and to transition to battery electric vehicles, with a plan…
Cleantech Startup Reonic Raises $14 Million for Solutions to Accelerate Clean Energy Deployment
Cleantech software startup Reonic announced today that it has raised €13 million (USD$14.4 million) in a Series A financing round, with proceeds aimed at supporting its offerings to help installers deploy sustainable energy solutions across Europe. Founded in 2021 by Tristan Menzinger, Lars-Manuel Schneider, and Udo Sill, Germany-based Reonic provides solutions aimed at helping SME installers address the increasingly complex…
EcoVadis Acquires Human Rights Analytics Company Ulula
Business sustainability ratings provider EcoVadis announced today the acquisition of human rights technology and analytics company Ulula, with the transaction aimed at increasing its capabilities to help organizations improve human rights impact across supply chains and comply with new regulatory requirements. According to EcoVadis, the acquisition comes as companies are facing increasing pressure from new laws requiring “unprecedented levels of…
Investment Flows into Transition-Focused Funds Doubles Green Funds: ESMA
Sustainability-focused investor interest appears to have undergone a significant shift towards investments in companies enabling a ‘brown to green’ transition, as opposed to focusing primarily on already-green investments, with net inflows into transition focused funds in the EU nearly doubling those into environmental funds over the past 2 years, according to a new report by EU markets regulator the European…