Tools increasingly target interoperability to provide investors with ways to engage with firms and impact their practices. Communication and engagement between asset owners, managers and companies is essential to improve action on nature preservation, industry experts have said. Speaking during ESG Investor’s Stewardship Summit 2024, Shipra Gupta, Investments Stewardship Lead at Scottish Widows, suggested that “collaborating and sharing” was key…
Carbon Management Software Startup Cozero Raises $7 Million
Climate tech software startup Cozero announced today that it has raised €6.5 million (USD$6.9 million) in a Series A funding round, with proceeds aimed at supporting the company’s international expansion and the development of its Climate ERP solution. Founded in 2020, Berlin, Germany-based Cozero provides CO2 management software aimed at enabling companies to measure and reduce company and product emissions…
Dentons Appoints Michael Duvall and Noor Kapdi to Lead Global ESG Practice
Global law firm Dentons announced today the appointment of Michael Duvall and Noor Kapdi to lead the firm’s ESG practice as Co-Chairs of its Global ESG Practice Leadership Team. In their new roles, Duvall and Kapdi will lead Dentons’ ESG team, which includes former General Counsel, academics and authorities on ESG as well as cross-practice experts, advising companies on ESG…
RWE Issues $2 Billion Green Bond in U.S. to Fund Clean Energy Buildout
Germany-based power producer RWE announced the completion of its inaugural U.S. green bond issuance, raising $2 billion to be used to finance renewable energy projects. The offering included $1 billion 10-year, and $1 billion 30-year tranches, and was RWE’s first green bond issuance outside of Europe. According to RWE’s Green Financing Framework, eligible use of proceeds from the company’s green…
AI-Powered Smart Energy Platform GridBeyond Raises $55 Million to Scale Growth
Smart energy company GridBeyond announced today that it has raised €52 million (USD$55 million) in a Series C financing round, with proceeds to be used to scale up its business, including the company’s international expansion. Founded in 2010, Ireland-based GridBeyond provides solutions aimed at addressing the challenges from an evolving energy mix, driven by increased levels of intermittent renewable energy…
SBTi Clarifies that “No Change Has Been Made” to Use of Carbon Credits in Net Zero Plans Following Backlash
The Science Based Targets initiative (SBTi) Board of Trustees clarified that “no changes have been made to SBTi current standards,” following a sharp internal backlash to its recent announcement of plans to update its standard for corporate net zero target setting by extending the use of environmental attribute certificates (EACs), such as emissions reduction credits, to help address Scope 3…
KPMG: Majority of U.S. CEOs Expect Significant Returns from Sustainability Investments Within 3-5 Years
The majority of U.S. CEOs expect to see significant returns from their company’s sustainability investments within three to five years, and the corporate leaders continue to rank ESG as their top operational priority, even in the face of inflationary and supply chain challenges and Gen AI-related opportunities, according to a new survey released by professional services firm KPMG US. For…