The Swiss government announced the launch of a consultation on new proposals aimed at aligning its sustainability-related corporate governance rules with international systems, particularly the EU’s CSRD, including a proposal to expand sustainability reporting requirements for companies, and to significantly expand the number of companies covered by the mandatory reporting requirements. The new Swiss Federal Council proposals follow the launch…
The Government of Denmark announced a series of moves aimed at addressing the climate and nature impact of the country’s agricultural sector, including plans to introduce a carbon tax on emissions from livestock. The initiative forms part of a new “Green Tripartite” agreement, including the government, environmental organizations, agricultural sector associations and unions. Agriculture has emerged as a major focus…
Clean energy tech startup Aira announced today the inauguration of its first heat pump production site in Wroclaw, Poland, with the company planning to invest €300 million (USD$320 million) in the manufacturing plant, to produce up to 500,000 heat pumps per year. Founded in 2022 by impact company builder Vargas, Stockholm, Sweden-based Aira provides clean energy-tech solutions aimed at accelerating…
Sustainable aviation fuel (SAF) technology and production company LanzaJet today announced an investment from Tokyo-based banking group Mitsubishi UFJ Financial Group (MUFG). The investment is part of LanzaJet’s current $100 million growth equity funding round, aimed at enabling the company to continue scaling its ethanol-to-SAF technology. Launched in 2020 by carbon recycling technology company LanzaTech, Illinois-based LanzaJet has developed “Alcohol-to-Jet”…
The Lufthansa Group announced today the introduction of a new Environmental Cost Surcharge to its fares, passing the cost associated with meeting growing environmental regulations on to customers. The surcharge applies to all flights sold and operated by the Lufthansa Group departing from the 27 EU countries as well as the UK, Norway and Switzerland from January 1, 2025 and…
IBM announced the launch of Maximo Emissions Management, a new AI-powered solution aimed at helping companies in asset-intensive industries, such as the energy, industry, transportation and buildings sectors, to track, manage and report emissions. The new solution forms part of a series of new capabilities added to the company’s intelligent asset management software suite, IBM Maximo. According to IBM, the…
Automotive giant Volkswagen Group and electric vehicle producer Rivian announced today plans to launch a new joint venture, aimed at developing next-generation electrical architecture and software technology to be used in each of the companies’ electric vehicles. As part of the new transaction, Volkswagen announced that it will invest $5 billion into Rivian, including $3 billion in corporate equity investments…