UK-based non-profit evolves top-tier structure to support five-year plan to mobilise £1 trillion of impact capital. The task of realising the Impact Investing Institute’s (III) recently unveiled five-year strategy – which sets out three core competencies to help accelerate the expansion of impact investing – will fall on experienced shoulders, albeit in new roles. To mobilise £1 trillion (US$1.3 trillion)…
RepRisk Launches New ESG Due Diligence Scores to Assess Companies’ Specific Sustainability Risks
ESG data science company RepRisk announced today the launch of Due Diligence Scores, a new solution aimed at enabling investors and businesses to pinpoint specific company ESG risks across a broad range of themes. According to RepRisk, the new solution comes as investors and companies are facing an expanded set of regulatory requirements to implement sustainability-related due diligence and risk…
Climeworks Announces Direct Air Capture Technology Breakthrough to Scale Carbon Removal
Zurich-based carbon removal company Climeworks revealed today its Generation 3 direct air capture (DAC) technology, providing “breakthrough” improvements in efficiency and performance, and forming a step in the company’s plan to scale up to megaton carbon removal capacity. DAC technology, listed by the IEA as a key carbon removal option in the transition to a net-zero energy system, extracts CO2…
Climate Investor Pollination Launches $150 Million VC Fund to Back Climate and Nature Solutions Startups
Climate-focused investment and advisory firm Pollination announced today the launch of the Climate and Nature Impact Venture Fund, aimed at investing in early-stage climate and nature solutions companies, with a primary focus on Australian startups. The new fund is targeting a final close of $150 million. According to Pollination, the new fund aims to invest in standout companies in “net…
SkyNRG Launches Sustainable Aviation Fuel Book & Claim Program with Microsoft as Founding Partner
Sustainable aviation fuel (SAF) provider SkyNRG announced today the launch of Project Runway, a new Book & Claim initiative aimed at enabling companies and airlines to address their carbon footprints by accessing SAF, and supporting the growth of the SAF market. Alongside the establishment of the new program, SkyNRG also announced that Microsoft has joined the initiative as the founding…
Guest Post: Assessing the Impact of Climate Litigation Remains Complex
The volume of climate litigation has increased exponentially over the past 10 years. However, uncertainty about legal outcomes and related costs means that so far, lawsuits have not impacted credit quality. Bruno Bastit, Global Corporate Governance Lead & Sustainability Research Director, and Tommy Englerth, Sustainable Finance Associate Director at S&P Global Ratings, explore: The cumulative number of climate-related cases launched…
EU Regulators Call for Increased Action to Address Growing Greenwashing Risk in Financial Sector
Increased supervisory actions and better access to data and other resources will be required to address growing greenwashing risks at banks, investment firms and insurance companies, according to new reports released by Europe’s three primary financial regulatory agencies, the European Supervisory Authorities (ESAs). The ESAs include The European Securities and Markets Authority (ESMA), The European Banking Authority (EBA), and The…
Microsoft Launches “Datacenter Community Pledge” with Sustainability and Community Commitments
Microsoft announced today the establishment of its “Datacenter Community Pledge,” aimed at ensuring that the company’s growing datacenter footprint serves helps to address societal challenges and create benefits in local communities, and including a series of environmental sustainability and community commitments. In a statement announcing the new commitments, Noelle Walsh, Corporate Vice President, Cloud Operations and Innovation at Microsoft said:…