Clean energy tech startup Aira announced today that it has secured €200 million in debt commitments from BNP Paribas, aimed at facilitating the installation of heat pumps in homes across Germany. Founded in 2022 by impact company builder Vargas, Stockholm, Sweden-based Aira provides clean energy-tech solutions aimed at accelerating the electrification of residential heating, including a high-efficiency heat pump. Heat…
Energy tech startup Xcimer Energy today announced that it has raised $100 million in a Series A financing round, with proceeds to be used to expand its team and demonstrate the viability of its fusion energy technology. Fusion, the process of combining two atoms to form a single atom to release energy, has been long referred to as the “Holy…
Fashion and design brands company H&M Group has expressed concerns over plans by the Science Based Targets initiative (SBTi) to allow the use of environmental attribute certificates (EACs) – and specifically offsetting through voluntary carbon markets (VCM) – to help companies address Scope 3 value chain emissions, in its standard for corporate net zero target setting. In a letter by…
By: Siobhan Archer, Global Stewardship Lead, LGT Wealth Management In the ever-evolving landscape of agriculture and energy, the fusion of artificial intelligence (AI) and nature promises transformative solutions to complex challenges. With a surge in interest around technological solutions, particularly in the Direct Air Capture (DAC) and carbon capture space, but also a growing range of biotech solutions, it’s crucial…
Climate research provider and environmental disclosure system CDP announced today the launch of a new platform, aimed at streamlining and easing sustainability reporting for companies and harmonizing with emerging global standards. As part of the new launch, CDP unveiled a new questionnaire aligned with the IFRS Foundation’s International Sustainability Standard Board’s (ISSB) new climate disclosure standard, IFRS S2, as the…
UBS Global Wealth Management (GWM) and Rockefeller Asset Management announced the launch of the UBS Rockefeller Ocean Engagement Fund, a new blue economy-focused fund aimed at engaging with companies that address ocean health issues, to provide financial returns and positive impact. According to the World Bank, the Blue Economy is defined as the “sustainable use of ocean resources for improved…
Edinburgh-based global investment company abrdn announced a series of new senior sustainability-focused appointments, including Sarah Moody as Chief Corporate Affairs & Sustainability Officer, and hiring Kristina Church as Global Head of Corporate Sustainability, in addition to the launch of a new Executive Sustainability Committee. The new announcement follows the appointment by abrdn in May of Dan Grandage as Chief Sustainability…
Tokyo-based banking and financial services company Mizuho Financial Group announced a new collaboration agreement with London Stock Exchange Group (LSEG), aimed at supporting the growth of the carbon credit market, and providing clients with access to carbon markets investments and information. The new agreement follows the launch by LSEG in 2022 of a Voluntary Carbon Market (VCM) designation for funds…