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),…
Microsoft and carbon markets platform Rubicon Carbon announced today a new agreement for the delivery of two million Afforestation, Reforestation, and Revegetation (ARR) carbon removal credits to Microsoft over the next 9 years, sourced from a smallholder farm-focused forestry project in Uganda. The new announcement marks the first deal to be completed under a framework agreement launched in 2025 by…
Venture capital firm Superorganism announced that it has raised $25.9 million in commitments at the close its debut flagship fund, aimed at investing in startups driving technology-driven solutions for biodiversity. Founded to address the growing intersection between venture capital and nature, Superorganism invests in early-stage companies developing technologies to protect and restore biodiversity. The company said that the new fund…
Sustainability software provider osapiens announced today that it has raised $100 million in a new Series C fundraising round, led by BlackRock and Temasek’s decarbonization-focused fund, Decarbonization Partners, at a “unicorn” valuation of greater than $1 billion. Founded in 2018, Mannheim, Germany-based osapiens provides cloud-based software solutions aimed at enabling organizations to automate complex compliance tasks, streamline operations, and monitor…
The UK’s Department for Energy Security and Net Zero (DESNZ) announced today the results of its 7th annual offshore wind “Contracts for Difference” (CfD) auction round, securing record 8.4 GW in contracts, making it the largest-ever single procurement of offshore wind energy in the UK and Europe. According to the DESNZ, the renewable energy capacity generated by the auction’s projects…
Nordea, Sycomore and Evenlode were among the asset manager names recognised in the sixth ESG and Sustainability Champions by MainStreet Partners. The data provider looked for fund groups and portfolios that demonstrated “exceptional performance in addressing ESG and sustainability challenges” across multiple asset classes. Sophie Meatyard, MainStreet Partners’ head of fund research, explained the methodology was updated last year: “At…