Regulatory pressure over greenwashing increases as deadlines approach for widespread incorporation of sustainable fuel. An investigation by the European Commission (EC) into potentially misleading claims by airlines about sustainable aviation fuels (SAFs) is not expected to lead to direct sanctions, but leaves firms and their investors open to reputational risk. At the end of April, the EC and EU consumer…
Galvanize, Lightrock Invest in Clean Energy Tech Company Octopus Energy Group
UK-based clean energy tech company Octopus Energy Group announced backing from new sustainability-focused investors including Galvanize Climate Solutions and Lightrock. According to Octopus, the new investments were made at a company valuation of $9 billion, up 15% from its recent $800 million capital raise in December 2023. Launched in 2016, UK-based Octopus Energy Group is made up of 10 businesses…
Wolters Kluwer Launches New Carbon Emissions Reporting Solution
Professional services and information solutions provider Wolters Kluwer announced today the launch of CCH Tagetik ESG & Sustainability for Carbon Emissions, a new solution aimed at supporting companies in managing and reporting Scope 1, 2, and 3 carbon emissions data. The new solution was launched as part of Wolters Kluwers’ corporate performance unit CCH Tagetik’s ESG and sustainability customer offering….
ICVCM Approves its First “Core Carbon Principles”-labelled Carbon Credits
Carbon markets non-profit the Integrity Council for the Voluntary Carbon Market (ICVCM) announced today the approval of the first-ever carbon credits to be labelled with its Core Carbon Principles, marking a milestone towards the establishment of an integrity standard to facilitate transparency and growth of the voluntary carbon markets. Demand for carbon offset projects and related credits is expected to…
ERM Acquires Climate, Energy Transition Consultancy Energetics
Sustainability advisory firm ERM announced today an agreement to acquire Australia-based climate risk and energy transition consultancy Energetics, aimed at enhancing its growth in the Asia Pacific region. Founded in 1984, Energetics partners with large businesses, investors and governments, helping them respond to issues including climate change, decarbonization, and the energy transition. With a team of approximately 100 people, the…
Clean Energy Producer Smart Energies Raises $95 Million to Accelerate Deployment of Small Solar Sites
Independent Power Producer (IPP) Smart Energies announced today that has raised €87 million (USD$95 million), with proceeds from the financing aimed at accelerating its deployment of small solar sites across Europe, including on roofs, parking lots and small ground-based projects. Founded in 2012, Paris-based Smart Energies develops, finances, builds and operates renewable projects across Europe, with a focus on mid-scale…
Australia Court Finds Active Super Guilty of Making Misleading ESG Investing Claims
A federal court in Australia ruled today that superannuation fund Active Super trustee LGSS Pty Limited contravened the law by making misleading ESG investing representations to its members, by continuing to invest in securities in areas that it had claimed to eliminate for environmental or social reasons. The judgement follows the filing of a suit last year by Australia’s corporate,…