TPG Rise Climate, the climate investing strategy of TPG’s global impact investing platform, TPG Rise, and Singapore’s sovereign wealth fund, GIC announced an agreement to acquire Germany-based smart and sustainable buildings-focused service provider Techem Group for approximately €6.7 billion (USD$7.4 billion). The transaction is expected to close in the first half of 2025, with TPG Climate Rise as lead investor, and…
Electric vehicle battery production technology startup Anaphite announced today that it has raised $13.7 million in a Series A financing round, with proceeds aimed at scaling the company’s solution to reduce the cost and carbon footprint of EV battery manufacturing. Founded in 2018 by chemist Sam Burrow (CTO) and physicist Alexander Hewitt (COO), UK-based Anaphite offers a solution enabling the…
By: Renee Morin, Chief Sustainability Officer, eBay As disclosure regulations proliferate and investor expectations evolve, companies are realizing that ESG reporting is not just about compliance – it’s an opportunity to leverage sustainability as a competitive advantage. With increasing scrutiny on business transparency, companies are using ESG strategies to enhance their reputation and attract socially conscious investors. Effective ESG reporting…
Denmark-based investment group A.P. Moller Holding announced the launch of Vioneo, a new venture that will seek to develop and manufacture fossil-free plastic, with the aim of significantly reducing the carbon footprint associated with plastics production. Despite many efforts to reduce their impact by making recycling more efficient and effective, fossil fuel-based plastics remain a major cause of pollution; experts…
Microsoft announced the launch of a new pilot project with Irish state-owned energy company ESB testing the use of green hydrogen as part of the tech giant’s portfolio of clean energy solutions aimed at decarbonizing its growing data center footprint. Under the new agreement, Microsoft’s data centre power control and administration building in Dublin will be powered by zero emissions…
California Governor Gavin Newsom announced that he has signed a new bill into law obligating large companies that do business in the state to disclose their value chain emissions and report on climate-related financial risks, and retaining an initially proposed start date for reporting to begin, despite previously expressing concerns about companies’ abilities to meet the deadline. Applying to companies…
ESG data management startup Atlas Metrics announced today that it has raised €12.2 million in a Series A funding round, with proceeds aimed at supporting investments in the company’s team, its expansion into new markets, and the development of its ESG compliance and performance management offering. Founded in 2021, Berlin-based Atlas Metrics provides an ESG compliance and sustainability performance management, utilizing…
Morgan Stanley Investment Management (MSIM) announced today that it has raised $750 million at the final close of 1GT, its climate solutions-focused private equity strategy, targeting the elimination of 1 gigaton of CO2 emissions by 2050. Vikram Raju, MSIM’s Head of Climate Private Equity Investing and 1GT, said: “We are pleased to have arrived at the final close of 1GT,…
Alternative asset and private equity investor KKR and Spanish bank BBVA announced the formation of a new strategic partnership, targeting climate solutions and climate infrastructure-related investments aimed at supporting the decarbonization of the real economy. As part of the new partnership, BBVA announced that it has committed $200 million to KKR’s Global Climate strategy, which invests in solutions at scale…