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BlackRock, Temasek Decarbonization Fund Leads $31 Million Capital Raise for AI-Powered Factory Optimization Platform Guidewheel

BlackRock, Temasek Decarbonization Fund Leads $31 Million Capital Raise for AI-Powered Factory Optimization Platform Guidewheel

AI-powered factory operations-focused solutions provider Guidewheel announced that it has raised $31 million in a Series B funding round led by BlackRock and Temasek’s decarbonization-focused fund, Decarbonization Partners. Launched in 2018, and founded out of Stanford, California-based Guidewheel provides solutions aimed at helping factories to reach sustainable peak performance, enabling users to reduce lost production time, increase efficiency and enhance…

EQT Acquires Majority Stake in Performance and Sustainability Software Solutions Provider AMCS

EQT Acquires Majority Stake in Performance and Sustainability Software Solutions Provider AMCS

Private equity and venture capital investor EQT Group announced today an agreement to acquire a majority stake in resource-intensive industry-focused performance and sustainability software provider AMCS. Founded in 2003, Ireland-based AMCS provides cloud-based and AI-enabled planning, performance, safety and sustainability focused software, aimed at enabling resource-intensive industries – including waste management, recycling, transportation, manufacturing, and utilities – to boost sustainability…

Inclusive, not Exclusive

Disability inclusion has emerged as a must-have theme for DEI-focused investors.   Seeing diversity, equity and inclusion-related (DEI) themes – from gender, to ethnicity, to socioeconomic background – climb up the agendas of investors and companies alike in recent years has been heartening.  Sadly, the same cannot yet be said for disability inclusion.   An estimated 1.3 billion people — around…

Market Told Not to Wait for Cheap Green Steel

A new report presents an optimistic view for the roll-out of zero-carbon green steelmaking technologies. Businesses should start buying green steel immediately regardless of its price in order to stimulate demand for the low-carbon metal, a joint report by Transition Asia, Global Efficiency Intelligence and Solutions for Our Climate has argued. Even at today’s high prices, green steel would only…

AESG Appoints Devan Valenti as Director of Sustainability for New Australia Practice

AESG Appoints Devan Valenti as Director of Sustainability for New Australia Practice

Consultancy, engineering, and advisory firm, AESG today announced that it has launched a new headquarters for its Australasian markets in Sydney, Australia, and appointed Devan Valenti as Director of Sustainability for Australia.   The company said the new office will focus on developing its Environment and Sustainability and Specialist Engineering offerings, especially service lines including Environmentally Sustainable Design (ESD), Facade Engineering,…

UK Moving in “Right Direction” on SAF

The Revenue Support Mechanism Bill and a 2% mandate on sustainable fuels could propel the country into a leading position. Industry experts have welcomed the ambition displayed by the UK government with the introduction of measures to support and accelerate the production of sustainable aviation fuel (SAF). Last month, the new Labour government unveiled two pieces of legislation. The first…

Goldman Sachs Asset Management Exits Climate Action 100+

Goldman Sachs Asset Management Exits Climate Action 100+

Goldman Sachs Asset Management has ended its participation in Climate Action 100+, a climate-focused investor network focused on engaging with companies to reduce their greenhouse gas emissions and implement climate transition plans, joining several other investment manager departures as political pressure on group participants builds in the U.S. In a statement provided to ESG Today, a Goldman Sachs spokesperson said:…

Standard Chartered Rolls Out ESG-Linked Cash Accounts for Corporate Clients

Standard Chartered Rolls Out ESG-Linked Cash Accounts for Corporate Clients

International banking group Standard Chartered announced the launch of a new ESG-linked cash account, enabling corporate clients to be rewarded, through the credit balance interest rate or fee pricing, for meeting material ESG-related targets. The new ESG-linked cash account forms the latest in a series of sustainability-focused Transaction Banking Cash solutions by Standard Chartered, which also includes the Sustainable Account,…

Battery Tech Startup Gaussion Raises $12 Million to Scale Rapid Charging Solution

Battery Tech Startup Gaussion Raises $12 Million to Scale Rapid Charging Solution

EV battery-focused tech startup Gaussion announced today that it has raised $12 million in a Series A funding round, with proceeds aimed at advancing its technology to significantly enhance battery performance and enable much faster charging. Founded by Dr Thomas Heenan and Dr Chun Tan, University College London (UCL) spinoff Gaussion provides technology to upscale the performance and viability of…

Rio Tinto, BHP, Qantas Invest $53 Million in New Nature-Based Carbon Credit Fund

Rio Tinto, BHP, Qantas Invest $53 Million in New Nature-Based Carbon Credit Fund

Carbon assets and investment manager Silva Capital announced today the launch of the Silva Carbon Origination Fund, aimed at providing access to large-scale, high-integrity carbon credits from nature-based projects in Australia targeting reforestation and sustainable agriculture. Alongside the launch, Silva announced the first close of the fund, with mining companies Rio Tinto and BHP and airline company Qantas collectively committing…