Guest post by: Laura Zizzo, Founder & Chief Strategy Officer, Manifest Climate Framing the Omnibus I package as driving ‘competitiveness’ misses a key point about competitive advantage in the 21st century. Last month, the EU officially passed the Omnibus I simplification package, significantly scaling back its proposed climate disclosure regulations. This is a big deal: more than 90% of the…
India-based energy and industrial conglomerate Reliance Industries announced the signing of a new $3 billion green ammonia supply agreement with South Korean construction and engineering company Samsung C&T, marking one of the largest long-term green ammonia offtake agreements globally to date. Hydrogen, and related materials like ammonia, are viewed as one of the key building blocks of the transition to…
The UK government announced the launch of its Fusion Strategy, setting out its vision for the development of a domestic commercial fusion industry, and outlining its plans to invest £2.5 billion (USD$3.3 billion) over the next 5 years for initiatives including the development of a prototype fusion power plant anticipated to be completed by 2040. Fusion, the process of combining…
HSBC has appointed Sophie Brucale as Head of Sustainability for Europe, responsible for leading HSBC’s sustainability agenda across Europe. Brucale takes on the new role after nearly 20 years at HSBC, most recently serving as Head of ESG & Reputational risks – Enterprise Risk Management since 2022. Additional roles she has held at the bank include Deputy Head of Operational…
Global delivery giant FedEx announced the launch of a new reusable packaging system aimed at enabling B2B shippers to move away from single-use packaging, reduce waste, and cut carbon emissions. The new system was developed in collaboration with logistics-focused reusable packaging provider Returnity. Founded in 2016, New York-based Returnity develops reusable packaging systems for logistics, retail and e-commerce supply chains….
India-based decarbonization solutions provider ReNew Energy announced today that its commercial and industrial-focused platform ReNew Green has raised $95 million through a new equity investment. The funding was led by LeapFrog Investments, which committed $50 million, with the remaining capital provided by co-investors Emerging Market Climate Action Fund (EMCAF) and Carlyle AlpInvest. Nakul Zaveri, Global Co-Lead for Climate Investment Strategy…
Nest, the largest workplace pension scheme in the UK by membership, announced that it has strengthened its voting policy in order to address backtracking on corporate climate commitments, stating that it may now vote against board chairs at companies that have materially scaled back their climate strategies. According to Nest, the update aligns with its climate change policy, which includes…
Forest restoration company Rainforest Builder UK announced the closing of a Series A funding round led by BNP Paribas’ alternatives asset manager BNP Paribas Asset Management Alts (BNPP AM Alts), with proceeds aimed at accelerating its community-oriented ecosystem restoration projects in West Africa. Founded in 2022, Rainforest Builder restores degraded tropical forests and generates carbon removal credits through large-scale ecosystem…