Specialist impact investor Blue Earth Capital announced the launch of its first dedicated impact strategy, raising commitments of more than US$100 million from institutional investors in Europe and the U.S. Founded in 2021, Switzerland-based Blue Earth Capital targets investments addressing the world’s most pressing social and environmental challenges while aiming for attractive and market-rate financial returns, through dedicated private equity,…

UK-based industrial technology company Rolls-Royce has appointed former bp Chief Sustainability Officer Ivanka Mamic to the newly created role of Global Head of Government Relations and Chief Sustainability Officer. Mamic joins Rolls-Royce after 5 years at bp, where she led the development of the energy giant’s global sustainability strategy and oversaw its execution across the company. Her departure from the…

Canada-based financial services firm Canaccord Genuity announced the acquisition of energy transition-focused investment banking firm Carbon Reduction Capital, LLC (CRC-IB), which will form the basis of a new Energy Transformation group within Canaccord’s U.S. Sustainability practice. Founded in 2008, New York-based CRC-IB provides services including M&A, project finance and capital raising in the U.S. across the renewable energy spectrum, in areas…

Microsoft announced 2 new multi-year carbon credit purchase deals, representing nearly 3 million tonnes of carbon removal, with the new agreements expanding the tech giant’s already substantial lead as the largest corporate purchaser of carbon removal. The new agreements follow another deal announced on Wednesday by Microsoft to purchase 2 million tonnes of Afforestation, Reforestation, and Revegetation (ARR) carbon removal…

Global beauty company L’Oréal announced the first cohort of companies for its flagship €100 million sustainable innovation program, L’AcceleratOR, selecting 13 climate, nature, and circularity-focused startups, following a review of nearly 1,000 applications. Launched by L’Oreal last year, L’AcceleratOR was established to invest €100 million over five years to find, develop, pilot and scale technologies that address sustainability-focused challenges for…

By: Shachar Hatan, Climate Impact Partners With the EU’s Carbon Border Adjustment Mechanism (CBAM) entering implementation on 1 January, we have entered a new era in how global trade accounts for carbon. For decades, European companies could offshore emissions while keeping profits onshore. Now, the EU is signalling that those days are ending- and the rest of the world is…

UAE-backed climate investment platform ALTÉRRA announced today plans to create a new $1.2 billion climate co-investment fund, launching with Spanish bank BBVA as a proposed strategic LP, targeting climate-aligned infrastructure, private equity and private credit investments globally. As part of the new partnership, BBVA announced a commitment of $250 million to the new ALTÉRRA Opportunity Fund. ALTÉRRA was established in December…

EU markets regulator the European Securities and Markets Authority (ESMA) announced the release of a new thematic note aimed at guiding market participants on its expectations for addressing greenwashing risks in marketing of sustainable investment strategies, with a particular focus on ESG integration and ESG exclusion funds. The new publication forms part of a series of thematic notes launched by…

Sweden-based climate and nature solutions provider Milkywire announced that it has completed $5 million of carbon removal pre-purchase agreements for CRM solutions provider Salesforce with 19 suppliers spanning multiple technologies, aimed at supporting early-stage carbon removal pathways with high long-term potential. According to Salesforce, the new commitments form part of its pledge as a founding member of the First Movers…

Europe’s three primary financial regulatory agencies, the European Supervisory Authorities (ESAs) announced the publication of their finalized Guidelines on environmental, social, and governance (ESG) stress testing, aimed at enabling national regulators to integrate ESG risks into their supervisory stress tests for banks and insurance companies. The ESAs include The European Securities and Markets Authority (ESMA), The European Banking Authority (EBA),…