Decarbonized steel startup H2 Green Steel announced today an investment from European venture capital investor Demeter, with proceeds supporting the construction of the company’s flagship green steel plant in Boden, Sweden, capable of producing steel with 95% lower emissions than traditional blast furnace technology. Steelmaking is one of the biggest emitters of CO2 globally, and one of the more challenging…
Nature and biodiversity intelligence company Natural Capital Research (Natcap) announced today it has raised $10 million in a Series A funding round, with proceeds to be used to scale its technology aimed at helping companies to quantify and embed nature-related risks and opportunities into business strategy. Spun out of Oxford University, Natcap was founded in 2018 by Professor Baroness Kathy…
The European Commission announced today the imposition of duties on imports of battery electric vehicles (BEVs) from China, effective July 5, after concluding that European BEV manufacturers face a threat from unfair subsidization provided to the Chinese BEV value chain. The European electric vehicle market is anticipated to grow rapidly over the next several years, with regulations in place requiring a 100%…
Deutsche Bank announced today that it has raised €500 million through its first-ever social bond offering, with proceeds aimed at supporting the bank’s sustainable asset pool which provides financing for areas including affordable housing, and access to essential services for elderly or vulnerable people. The issuance follows the publication earlier this year of Deutsche Bank’s Sustainable Instruments Framework, detailing eligible…
BlackRock announced the launch of the iShares Global Real Estate Environmental Tilt UCITS ETF, a new exchange traded fund investing in listed real estate equities globally, while adopting an ESG integration approach and tilting towards more environmentally sustainable issuers. The new ETF will track the FTSE EPRA Nareit Developed Green Low Carbon Target Select UCITS Capped Index. According to FTSE…
Biomaterials company UNCAGED Innovations announced that it has raised $5.6 million in a Seed investment round, with proceeds aimed at supporting the company’s commercial launch of its grain-based sustainable leather and allow it to expand its team, including its manufacturing team. Founded in New York in 2020 by CEO Stephanie Downs and CTO Dr. Xiaokun Wang, UNCAGED has a technology…
Global energy and electricity provider Iberdrola announced today the acquisition of decarbonization solution provider Balantia, purchasing the 80% stake in the company that it did not already control, alongside plans to co-launch a new platform to help companies accelerate their emissions reduction initiatives. Founded in 2011, Spain-based Balantia’s technology helps companies create a decarbonization plan to meet regulatory requirements. Its…
The LEGO Group announced today the launch of a new Supplier Sustainability Programme, aimed at increasing its collaboration with suppliers on reaching its climate goals, and outlining a new set of actions and requirements for suppliers, including setting and reporting on emissions reduction targets. According to the company, the new program forms a key part of the LEGO Group’s climate…
American Airlines announced that it has entered into a conditional purchase agreement with hydrogen-electric aviation solutions startup ZeroAvia for 100 engines that can power regional jet aircraft with zero inflight emissions save for water vapor. Additionally, American Airlines announced that it has increased its investment in ZeroAvia through participation in its Series C financing round, following an initial investment in…