By: Chad Spitler, CEO and Founder, Third Economy The past 12 months have seen an unprecedented number of policies and regulations related to sustainability – from the SEC’s landmark climate risk reporting rule to California’s SB-261 and SB-253, to the EU’s ESRS and CSRD. But this ambitious agenda has been impeded, as legal challenges have tangled up regulatory proposals in…
Volvo Trucks announced today plans to introduce a heavy-duty electric truck next year capable of traveling 600 km on a charge, marking a major expansion in range for its electric truck lineup based on new technology from the company. Volvo unveiled its first heavy duty electric trucks in 2020 and began series production in 2022, with initial models including the Volvo FH…
BNP Paribas Asset Management (BNPP AM) announced today that it has raised €150 million (USD$166 million) for its BNP Paribas Solar Impulse Venture Fund (BNPP SIVF), focused on investing in innovative cleantech startups with positive environmental impact and that support the acceleration of ecological transition. Founded in 2021 through an exclusive partnership between Bertrand Picard’s Solar Impulse Foundation, the SFDR…
Food and beverage giant Nestlé announced a series of paper packaging innovations across brands including Nescafé and Vital Proteins, aimed at supporting the company’s sustainable packaging goals. Nestlé’s sustainability goals include a series of targets aimed at addressing the environmental footprint of packaging waste, which can include impacts on water and soil quality, and biodiversity. Packaging is also the second…
Micro-nuclear power plant developer Last Energy announced that it has raised $40 million in a Series B funding round closed earlier this year, with proceeds to be used to support the deployment of its first microreactor plant. Founded in 2019, Washington, D.C.-based Last Energy develops small, 20 MWe nuclear power plants, aimed at bringing nuclear energy to scale, and enabling…
Northern European financial services company SEB announced the launch of the SEB Global Sustainable Companies Fund, a new index-linked global fund investing only in companies that are classified as “sustainable,” while aiming to generate a return and risk profile in line with its underlying benchmark. Classified as Article 9 under the EU’s SFDR regulation, the new fund will target only…
Renewable energy producer EDP Renewables (EDPR) announced a new 20-year agreement with Microsoft through which the tech giant will purchase 100% of the renewable energy exported to the grid through EDPR’s SolarNova 8, the largest solar project in Singapore. Launched in 2014, Singapore’s SolarNova program is a government-led program aimed at accelerating the deployment of solar photovoltaic systems, and supporting…
France-based energy giant TotalEnergies announced a new agreement with climate solutions provider Anew Climate and U.S. forestry-focused carbon removal platform Aurora Sustainable Lands to invest $100 million in forestry operations to preserve caron sinks, and help support the energy company’s achievement of its climate goals. The investment will support Improved Forest Management practices across a portfolio of 20 of Aurora’s…