Climate tech-focused venture capital investor Clean Energy Ventures (CEV) announced that it has raised $305 million at the closing of its second flagship fund, with a target to mitigate 75 gigatons of greenhouse gas emissions by 2050. Founded in 2017, CEV invests in companies commercializing disruptive and capital-light advanced energy technologies and business model innovations that can reshape how energy…
More than 40% of investment funds in the EU using ESG or sustainability-related labels may be required to change names or sell assets in order to meet new anti-greenwashing rules, according to a new analysis released by sustainability technology platform Clarity AI. The new report follows the release earlier this month by EU markets regulator the European Securities and Markets…
Brookfield Asset Management announced today that it has entered into exclusive negotiations to acquire a majority stake in France-based global renewable energy developer at an equity value of €6.1 billion (USD$6.6 billion) from responsible investment company Impala. Founded by Impala in 2008, Neoen is a producer of renewable energy, including solar power, wind power and storage, with assets across 16…
Sustainability-focused asset management firm Candriam announced the launch of its Candriam Sustainable Equity Emerging Markets ex-China Fund, aimed at offering investors with exposure to long-term sustainability themes in emerging markets ex-China. According to Candriam, the new fund was created in response to growing demand in Emerging Markets ex-China, which has been a leading driver of global growth and a relative…
Wine and spirits producer Pernod Ricard and circular economy solutions provider ecoSPIRITS announced today a new five-year global licensing agreement for the distribution of Pernod Ricard’s spitrits brands using ecoSPIRITS’ circular packaging technology to venues around the world, in a deal aimed at reducing waste and carbon emissions from the production and transportation of bottles and other secondary packaging. Founded…
Energy transition and decarbonization-focused infrastructure investor Energy Capital Partners (ECP), announced that it has raised $6.7 billion at the final closing of its fifth flagship equity strategy, ECP V, including capital commitments of $4.4 billion, and an additional $2.3 billion of co-investment capital. The firm added that ECP V’s capital commitments exceeded its initial $4 billion target. Founded in 2005,…
Enterprise software company IFS and professional services provider PwC UK announced today a new collaboration to launch a new Sustainability Management Solution on the IFS Cloud platform aimed at supporting companies in meeting sustainability disclosure requirements, including the EU’s new CSRD regulation, and embedding sustainable practices into their business operations. Under the new collaboration, IFS will develop a Sustainability Management…
By: John McCalla-Leacy, Head of Global ESG, and Sarah Nelson, Global Nature Lead, KPMG International We may only be midway through 2024, but the countdown to COP29 is now well and truly underway. When delegates meet at the end of the year in Azerbaijan, they’ll face some sobering facts. The world is continuing to warm at an unprecedented rate. Our…
Investors are shifting the focus of their climate investing strategies, with the majority looking to allocate funds to climate solutions and to strategies focused on ‘brown-to-green’ companies transitioning to lower emissions, according to a new survey released by international asset manager Robeco, which also found growing regional disparities in attitudes towards climate change, with North American investor interest lagging increasingly…