Panellists at ESG Investor’s 2024 summit highlighted resourcing gaps in stewardship teams and recommended sharing engagement responsibility. Stewardship across the global investment industry continues to be under-resourced, sparking calls for upskilling and collaborative action in the sector to bridge the gap. “The simple fact of the matter is that nobody is resourcing stewardship effectively — nobody is close to it,”…
RWE Issues $2 Billion Green Bond in U.S. to Fund Clean Energy Buildout
Germany-based power producer RWE announced the completion of its inaugural U.S. green bond issuance, raising $2 billion to be used to finance renewable energy projects. The offering included $1 billion 10-year, and $1 billion 30-year tranches, and was RWE’s first green bond issuance outside of Europe. According to RWE’s Green Financing Framework, eligible use of proceeds from the company’s green…
AI-Powered Smart Energy Platform GridBeyond Raises $55 Million to Scale Growth
Smart energy company GridBeyond announced today that it has raised €52 million (USD$55 million) in a Series C financing round, with proceeds to be used to scale up its business, including the company’s international expansion. Founded in 2010, Ireland-based GridBeyond provides solutions aimed at addressing the challenges from an evolving energy mix, driven by increased levels of intermittent renewable energy…
SBTi Clarifies that “No Change Has Been Made” to Use of Carbon Credits in Net Zero Plans Following Backlash
The Science Based Targets initiative (SBTi) Board of Trustees clarified that “no changes have been made to SBTi current standards,” following a sharp internal backlash to its recent announcement of plans to update its standard for corporate net zero target setting by extending the use of environmental attribute certificates (EACs), such as emissions reduction credits, to help address Scope 3…
KPMG: Majority of U.S. CEOs Expect Significant Returns from Sustainability Investments Within 3-5 Years
The majority of U.S. CEOs expect to see significant returns from their company’s sustainability investments within three to five years, and the corporate leaders continue to rank ESG as their top operational priority, even in the face of inflationary and supply chain challenges and Gen AI-related opportunities, according to a new survey released by professional services firm KPMG US. For…
EdgeConneX Secures $1.9 Billion in Financing Tied to Sustainability Goals
Global data center provider EdgeConneX announced that it has secured $1.9 billion in sustainability-linked financing, with proceeds aimed at supporting its digital infrastructure expansion in EMEA, and with interest rates tied to the achievement of the company’s environmental sustainability goals. Founded in 2009, EdgeConneX provides data center solutions ranging from 40kW to 100MW. The company was acquired by EQT Infrastrcuture…
Zero-Emission Truck Startup Windrose Raises $110 Million
Electric heavy-duty truck developer Windrose Technology announced that it has raised $100 million in its Series B funding round. Founded in 2022, Windrose Technology develops zero-emissions and intelligent long-haul trucks, targeting markets including China, the U.S., and Europe. The company’s first electric long-haul truck has a range of 670 km under full load of 49 tons, and its platform uses…