The Bezos Earth Fund announced plans to grant $34 million to support the development of next-generation sustainable fabrics, aimed at reducing the environmental impact of the global fashion industry. The Bezos Earth Fund was founded in 2020, with a $10 billion philanthropic commitment from Jeff Bezos, aimed at funding scientists, activists, NGOs and others driving solutions to fight climate change…

Nuclear technology company TerraPower announced that it has officially started construction on Kemmerer Unit 1, anticipated by the company to be the first utility-scale advanced nuclear power plant in the U.S. Launched in 2008 by Bill Gates, Nathan Myhrvold and John Gilleland, TerraPower is a nuclear innovation company aimed at developing technologies to provide safe, affordable and abundant carbon-free energy….

Schneider Electric announced the launch by its SE Advisory Services consulting practice of Resource Advisor+ for Climate Risk, a new solution aimed at enabling companies to assess and manage their exposure to physical climate hazards. The solution forms part of SE Advisory Services’ new AI-powered energy and sustainability intelligence platform Resource Advisor+, launched by the company earlier this year with initial tools…

Facebook, Instagram, and WhatsApp owner Meta and satellite startup Overview Energy announced an agreement to source solar energy from space to power AI infrastructure in the U.S. Founded in 2022, Virginia-based Overview Energy develops space-based solar power technology which captures solar energy in space and beams it to existing solar facilities on the ground, where it is converted into electricity,…

The World Bank Group announced that it has raised $120 million through the issuance of a new “Spekboom Restoration Outcome Bond,” aimed at financing large-scale ecosystem restoration and job creation in South Africa’s Eastern Cape province, with the new bond underpinned by an Amazon carbon removal offtake agreement. The World Bank said that the bond, maturing in 2040, is its…

European asset manager Amundi announced that it will manage the Global Green Bond Initiative (GGBI) Fund, a new fund launched by the EU in partnership with development finance institutions (DFI), aimed at mobilizing private institutional capital through green bonds for climate and environmental projects in EU partner countries, with a particular focus on emerging markets and developing economies. The fund…

Asset manager DWS’ exchange-traded funds business Xtrackers announced the launch of the Xtrackers Electrification Technologies & Smart Grid UCITS ETF, a new fund aimed at offering investors with exposure to opportunities generated by the growing trend toward electrification and related technologies, and targeting companies in power generation and storage technologies, smart grid solutions and intelligent technology. According to DWS, the…

Proposed changes by the Greenhouse Gas Protocol (GHG Protocol) to tighten carbon accounting criteria underlying standards for reporting of emissions from companies’ electricity purchases will ultimately slow the corporate uptake of clean energy and reduce the pace of decarbonization, according to a letter by a group of companies, financiers environmental groups and sustainability experts. The letter was signed* by 48…

Guest post by: Sean Daley, Director of Sustainability Consulting at Sphera Sustainability reporting is increasingly demanding more from businesses, shifting the conversation away from announcing commitments toward demonstrating progress, including how those commitments are actually measured and verified. Organisations are increasingly expected to show that their climate targets are supported by strong data that can withstand scrutiny from auditors, regulators,…

This week in ESG news: IFRS Foundation’s ISSB to develop non-mandatory nature-related reporting requirements; bp hit by shareholder revolt over climate; EU unveils strategy to speed shift away from fossil fuels; Shell faces new climate lawsuit; GM hits clean energy milestone in U.S.; most companies sticking with climate strategies, but changing how they talk about it – survey; Apple increases…