Industrial Internet of Things (IoT) platform provider Andium, announced that it raised $21.7 million in a Series B financing round, with proceeds aimed at supporting the expansion of its remote field monitoring platform enabling energy companies to cut greenhouse gas emissions and reduce operating costs. Launched in 2014, New York-based Andium provides real-time remote field monitoring utilizing a platofrm combining…
Deutsche Bank and DZ Bank announced that they have been mandated by the Federal Republic of Germany as joint ESG coordinators for the planned update of the government’s Green Bond Framework. Germany released its initial Green Bond Framework in 2020, which sets out its environmental and sustainable finance objectives, management of green securities, eligible use of proceeds, expenditure evaluation and…
The Science Based Targets Network (SBTN) announced the release of the first-ever set of validated science-based targets for nature, with new freshwater and land-focused goals announced by global biopharma company GSK, global luxury group Kering and building materials company Holcim. Launched in 2019 by founding partners including CDP, World Resources Institute, WWF, United Nations Global Compact and Conservation International, SBTN…
Law firms and corporate legal department are increasingly providing specialized ESG-related training for lawyers, as a significant majority report a rise in demand for legal expertise, yet less than half feel prepared to meet this demand, according to a new survey released by professional services and information solutions provider Wolters Kluwer. For the report, the 2024 Future Ready Lawyer Survey,…
European specialist growth investor Verdane announced today that it has raised €700 million (USD$758 million at the final close of its Verdane Idun II fund, targeting investments in businesses within the structural growth trend of decarbonization. The total is more than double its previous Idun I fund, with both funds dedicated to enhancing decarbonization efforts by European companies. The Idun…
Mining giant Rio Tinto announced that it has completed the transition to renewable diesel fuel from conventional diesel for all heavy mining equipment at its Kennecott copper mine in Utah, one of the world’s top producing copper mines. Rio Tinto is one of the world’s biggest producers and processors of iron ore, copper, aluminum and a range of other minerals…
Brookfield Asset Management announced today that it has signed a deal with Danish multinational energy company Ørsted to acquire a 12.45% minority stake in four of Ørsted’s U.K. offshore wind farms for approximately $2.3 billion. The four wind farms – Hornsea 1, Hornsea 2, Walney Extension, and Burbo Bank Extension – have a total combined capacity of 3.5 GW in…
Multi-asset alternative investment firm Bain Capital announced today that it has acquired an 80% stake in sustainability-focused European data center provider AQ Compute from Germany-based private investment company Aquila Group. The acquisition forms part of a new partnership between Bain and Aquila, with the company’s citing a “significant opportunity to develop AQ Compute into a leading green data center platform…