Cleantech energy company Moment Energy announced that it has raised $40 million in a Series B funding round, with proceeds from the financing to be used to scale its production of energy storage systems made from repurposed EV batteries to meet rapidly growing demand for energy solutions from data centers. Founded in 2020 by Edward Chiang, Sumreen Rattan, Gabriel Soares,…
Jewelry designer and retailer Pandora announced today that it has added carbon footprint labelling for each of its lab-grown diamonds as part of the product information provided to consumers alongside traditional diamond criteria such as Cut, Color, Clarity and Carat. According to Pandora, the new carbon footprint reporting is being introduced in response to increasing consumer expectations to sustainability, with…
U.S. federal agency The Equal Employment Opportunity Commission (EEOC) announced that it has filed a lawsuit in a federal court against the New York Times, alleging that the company violated laws prohibiting race- and sex-based discrimination by passing over a white male employee for a promotion due to its Diversity, Equity, and Inclusion (DEI) policies. In a statement provided to ESG…
Amazon and cooling and dehumidification technology company Transaera announced a new agreement to deploy Transaera’s next-generation heat pump technology across Amazon’s global building network. Founded in 2018 by MIT engineers and materials scientists, Massachusetts-based Transaera develops energy-efficient air conditioning and dehumidification systems designed to reduce the energy consumption and emissions associated with cooling buildings. Under the new agreement, which followed…
The European Parliament may push for increased disclosure and investment requirements for financial products under a new proposed sustainable fund categorization system, according to a new draft report on the review of the Sustainable Finance Disclosure Regulation (SFDR). Key new proposals outlined in the draft report, filed by Rapporteur MEP Gerben-Jan Gerbrandy, include mandatory Principal Adverse Indicator (PAI) disclosures and…
Aberdeen Investments announced the appointment of Kate McGrath as its new Head of ESG, Fixed Income, with responsibility for ESG oversight across the firm’s Fixed Income department’s ESG and sustainability focused strategies and mandates, and thematic strategies spanning the UN SDGs and climate transition. McGrath takes on her new role after 8 years at Aberdeen serving on the Sustainable Investment…