The IFRS Foundation and the World Bank Group’s International Finance Corporation (IFC) announced the establishment of a new strategic partnership aimed improving sustainability reporting at in emerging markets and developing economies (EMDEs), in order to strengthen sustainable capital markets through improved standardization and transparency. The new alliance comes as developing economies will need to significantly scale up climate investments and…
Climate risk intelligence company Climate X announced today that it has raised $18 million in a Series A round, with proceeds aimed at accelerating its global expansion. Founded in 2020 by CEO Lukky Ahmed and COO Kamil Kluza, UK-headquartered Climate X provides solutions aimed at helping financial institutions price the impact of climate risk across their physical portfolios. The company’s…
Australian environmental technology startup Samsara Eco announced today that it has raised A$100 million (USD$65 million) in a new funding round. The company will use the funds to scale its enzymatic recycling capabilities, with new commercial facilities to be built in Southeast Asia in the next few years. Launched in 2021, Samsara Eco provides solutions aimed at eliminating plastic waste….
Business and financial markets information service provider Bloomberg today announced the release of new tools within its portfolio and risk analytics solutions, “PORT,” aimed at helping investors measure, manage and report on the sustainability characteristics of investment portfolios. Key features of the new tools include the ability to access key ESG indicators mandated under the EU Sustainable Finance Disclosure Regulation…