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…
The U.S. Justice and Transportation Departments announced that they have filed a lawsuit in federal court, aimed at striking down California regulations requiring automakers to reduce fleetwide vehicle CO2 emissions and increase the proportion of zero emission vehicle (ZEV) sales over time. The launch of the new lawsuit marks the latest in a series of moves by the Trump administration…
Guest post by: Sarah Walkley is Senior Sustainability Writer, Context Europe Environmental, social and governance (ESG) ratings have become an established feature of the investment landscape. Over 90% of investors refer to ESG ratings at least once a month, despite saying they have limited trust in the benchmarks. Companies pursue ratings because investors expect independent validation of their sustainability credentials….
This week in ESG news: HSBC surpasses record $100 billion sustainable finance activity; vast majority of companies removed from CSRD plan to continue sustainability reporting anyway; EU’s von der Leyen calls multi-decade move away from nuclear power a “strategic mistake”; Rabobank launches €1 billion impact investing platform; LEGO surpasses 50% sustainable materials to make its bricks; NZAOA adds transition targets…
Renewable energy investor Octopus Energy Generation announced the expansion of its carbon removal partnership with nature-based solutions provider Cultivo, with an agreement to deploy an additional $60 million to support grasslands regeneration and carbon removal projects, bringing the partnership to $100 million. Founded in 2019, California-based Cultivo uses technology and algorithms to identify high quality nature-based solution projects around the…
Space tech startup AIRMO announced that it has raised €5 million in a seed funding round, with proceeds for the financing aimed at launching the first satellite mission for its greenhouse gas monitoring system. Founded in 2022 by rocket scientist Daria Stepanova, Berlin and Luxembourg-based AIRMO designs, builds, and operates tools to monitor methane emissions from the air and from…
France-based testing, inspection and certification provider Bureau Veritas announced the acquisition of two sustainability consulting firms, Verte and Sustainable Construction Services, expanding its capabilities in sustainable buildings and infrastructure services in the UK. Founded in 2013 and based in London, Verte provides advisory services to investors, developers and building owners, supporting the environmental sustainability of real estate portfolios and helping…
Renewable energy developer Arevon Energy announced that it has secured $920 million in financing for its large-scale battery facility in California, Nighthawk Energy Storage Project The new project, currently under construction in Poway, California, and expected to become operational this year. According to Arevon, with a capacity of 300 MW, the facility will be capable of powering 385,000 homes for…
France-based investment firm RGREEN INVEST announced that it has raised over €900 million (USD$1 billion) at the final close of Infragreen V, the fifth equity vintage of its green infrastructure fund focused on supporting Europe’s energy transition. Infragreen V will target the European mid-market, financing projects in areas including renewable energy generation, energy storage, and electrification, and with a particular…