Food and beverage giant PepsiCo announced that it has achieved its goal of replenishing 100% of the water used at all company-owned facilities located in high water-risk watersheds. The milestone means that for every liter of water used at these sites, PepsiCo is restoring an equivalent amount or more back into local watersheds through a combination of nature-based conservation and…

Carbon management startup Zevero announced today that it has raised $7 million in a new investment round, with proceeds aimed at expanding its global footprint and enabling more companies globally to utilize its platform to measure, track and reduce carbon emissions. Founded in 2021, UK-based Zevero provides companies with tools to understand the impact of their emissions, helping them identify…

The U.S. Department of the Interior announced that it has signed a new agreement with TotalEnergies, with the French energy giant agreeing to stop the development of new offshore wind projects in the U.S., in exchange for reimbursement of nearly $1 billion in lease fees. As part of the agreement, the reimbursed funds will be redirected by TotalEnergies into U.S….

Guest post by: Sebastian Leape, CEO of Natcap Most corporate nature strategies are still siloed from core business decisions. They appear in sustainability reports, risk registers, and commitments to “nature positive” outcomes. But when companies actually spend money, nature is deprioritized. For many companies, purchased goods and services represent the majority of their nature related impact and risk. If a…

New York Governor Kathy Hochul announced plans to revise the state’s climate laws requiring the achievement of a 40% reduction in economy-wide emissions by 2030, arguing that the goal has become “costly and unattainable,” and would impose “crushing costs on New York businesses and residents.” New York’s Climate Act, signed into law in 2019 by former Governor Andrew Cuomo, sets…

The European Commission announced today that it has approved a €5 billion state aid program by Denmark aimed at supporting the construction of new offshore wind farms capable of generating energy representing as much as 25% of the state’s electricity production. The Commission’s approval was made under the new Clean Industrial Deal State Aid Framework (CISAF), designed to enable Member…

H&M Group announced that it has established a series of targets to address its nature-related impacts on land, including goals to avoid land conversion, reduce land footprint and engage in priority landscapes. The company said that the targets were set under the guidance of the Science Based Targets Network, and have been validated by the SBTN. Launched in 2019 by…

Buildings materials startup Cocoon Carbon announced that it has raised $15 million in a Series A funding round, with proceeds aimed at accelerating the commercial deployment of its low-cost and low-carbon solution to replace cement in concrete production. Building materials are a key source of global greenhouse gas emissions. Cement production, an ingredient in concrete, accounts for approximately 8% of…

Nomura Asset Management announced the appointment of Nick Henderson sustainable investing veteran Nick Henderson as its new Head of Head of Global Sustainable Equities, and as Lead Portfolio Manager of its Global Sustainable Equity Strategy. Henderson joins Nomura with 17 years of experience working on Responsible Investment strategies, most recently serving as Director and Portfolio Manager at Columbia Threadneedle Investments,…

The government of India announced the launch of the Indian Carbon Market Portal, a new central platform for the implementation and administration of the Carbon Credit Trading Scheme (CCTS), handling registration, monitoring, reporting, and verification (MRV) of carbon emissions across all participating industries. Announcing the launch of the new platform, Union Power Minister Manohar Lal also revealed that formal carbon…