UK fintech startup Unwritten announced that it has raised $3.5 million in a seed funding round, with proceeds aimed at advancing the company’s solutions enabling investors and companies to integrate climate change into their investment and capital allocation decisions. Launched in 2022 by co-founders Dr. Phillip Marks and Amos Wittenberg, London-based Unwritten, formerly Dovetail Finance, provides solutions aimed at enabling…
European asset manager Legal & General Investment Management (LGIM), announced the launch of the L&G Energy Transition Commodities UCITS ETF, a new fund aimed at providing investors with exposure with commodities that are key to the energy transition. Steven de Vries, Head of Wholesale UK, Europe and Latin America at LGIM, said: “Demand for strategies that provide inflation risk mitigation…
Scaling up the circular economy remains a significant challenge in the current geopolitical climate, says Dr Anthony Kirby, Head of Regulation and Risk for Asset Management and Capital Markets in Europe at EY. Plans for the roll-out of circular cities are gathering pace worldwide, whether based on the principles of economist Kate Raworth’s Doughnut economics (Amsterdam) or the concept of urbanist Carlos Moreno’s 15-minute…
Investment manager Wellington Management announce today the final close of the Wellington Climate Innovation Fund, raising $385 million in commitments for the firm’s inaugural climate solutions-focused venture fund. Wellington’s Climate Innovation Fund invests in private companies developing solutions to help mitigate and adapt to climate change, targeting primarily late-venture and early-growth companies developing tech-enabled solutions, in areas ranging from software,…
Apple announced significant progress towards its goal to decarbonize its value chain, including revealing that more than 320 suppliers – representing 95% of the company’s direct manufacturing spend – have now committed to use 100% renewable energy for Apple production by 2030, up from around 250 suppliers last year. Emissions from the product manufacturing represents nearly two thirds of Apple’s…