UK-based supermarket retailer Asda announced the launch of a new sustainable supply chain finance scheme in partnership with HSBC UK, adding a sustainability-linked enhancement to its Supply Chain Finance program to encourage sustainable practices through financial incentives. The new sustainability-linked supply chain finance program follows a commitment by Asda to set science-based carbon emissions reduction targets across its value chain….
Clean power solutions provider GeoPura announced that it has raised £22 million (USD$29.3 million) in its inaugural debt financing round, with the new capital aimed at helping facilitate the manufacturing and deployment of over 3,600 hydrogen power units (HPUs) by 2033, the company said. The financing marks the first major asset-backed debt funding announcement by a green hydrogen company in…
TPG Rise Climate, the climate investing strategy of TPG’s global impact investing platform, TPG Rise, and Singapore’s sovereign wealth fund, GIC announced an agreement to acquire Germany-based smart and sustainable buildings-focused service provider Techem Group for approximately €6.7 billion (USD$7.4 billion). The transaction is expected to close in the first half of 2025, with TPG Climate Rise as lead investor, and…
Electric vehicle battery production technology startup Anaphite announced today that it has raised $13.7 million in a Series A financing round, with proceeds aimed at scaling the company’s solution to reduce the cost and carbon footprint of EV battery manufacturing. Founded in 2018 by chemist Sam Burrow (CTO) and physicist Alexander Hewitt (COO), UK-based Anaphite offers a solution enabling the…
By: Renee Morin, Chief Sustainability Officer, eBay As disclosure regulations proliferate and investor expectations evolve, companies are realizing that ESG reporting is not just about compliance – it’s an opportunity to leverage sustainability as a competitive advantage. With increasing scrutiny on business transparency, companies are using ESG strategies to enhance their reputation and attract socially conscious investors. Effective ESG reporting…
Denmark-based investment group A.P. Moller Holding announced the launch of Vioneo, a new venture that will seek to develop and manufacture fossil-free plastic, with the aim of significantly reducing the carbon footprint associated with plastics production. Despite many efforts to reduce their impact by making recycling more efficient and effective, fossil fuel-based plastics remain a major cause of pollution; experts…
Microsoft announced the launch of a new pilot project with Irish state-owned energy company ESB testing the use of green hydrogen as part of the tech giant’s portfolio of clean energy solutions aimed at decarbonizing its growing data center footprint. Under the new agreement, Microsoft’s data centre power control and administration building in Dublin will be powered by zero emissions…