A new class of weight-loss drugs is enticing investor interest, but has to be balanced against escalating societal and economic costs and food companies’ inaction on obesity. One of the biggest stories in recent years has been the dramatic rise in obesity worldwide. According to the World Health Organisation (WHO), an estimated 2 out of every 5 adults worldwide are…
Orchard Street Appoints Kathryn Barber as Head of Responsibility & ESG
UK-based commercial property investment manager Orchard Street Investment Management announced the appointment of Kathryn Barber as Head of Responsibility and ESG. In her new role, Barber will focus on building Orchard Street’s credentials as a responsible investor, and the integration of ESG across client portfolios. In addition, Barber will support the delivery of social and environmental impact on behalf of…
Cleantech Startup Mission Zero Raises $28 Million to Scale DAC Carbon Removal Solution
Climate solutions startup Mission Zero announced that it has raised £21.8 million (USD$27.7 million) in a Series A financing, with proceeds to be used to help scale its Direct Air Capture (DAC) carbon removal technology. DAC technology, listed by the IEA as a key carbon removal option in the transition to a net-zero energy system, extracts CO2 directly from the…
West Virginia Bans HSBC, Citi from Banking Contract over ESG Policies
West Virginia Treasurer Riley Moore announced that several banks, including HSBC, Citi, Northern Trust and TD Bank, have been added to the list of financial institutions determined to be engaged in “boycotts” of fossil fuel companies, and barred from providing banking services to the state. The announcement marks the latest in a series of moves in an ongoing anti-ESG movement…
Guest Post: Unprepared For the CSRD? Here’s What to Know
Approximately 3,000 U.S. companies must comply with new EU rules, and many are not prepared. Here’s what they should know. By Harry Etra, Managing Director, North America ESG at Morrow Sodali Many U.S. companies with substantial business in Europe are not prepared for new sustainability disclosure regulations. We are at an inflection point for companies to understand their exposure to…
Watershed Launches New CSRD Sustainability Reporting Solution
Climate solutions software provider Watershed announced today the launch of Watershed for CSRD, a new software solution aimed at helping companies to collect and manage data for disclosure under the EU’s new Corporate Sustainability Reporting Directive (CSRD). The CSRD, which began applying to some companies as of the beginning of 2024, will significantly expand the number of companies required to…
Japan Releases Proposed IFRS-Based Sustainability Reporting Standards
The Sustainability Standards Board of Japan (SSBJ) announced the release of new exposure drafts for proposed standards for companies to report sustainability and climate-related information, based on the recently released sustainability disclosure standards by the IFRS Foundation’s International Sustainability Standards Board (ISSB). The release of the exposure drafts marks the latest in a series of steps that may see Japanese…
Lululemon Launches First-Ever Product Made with New Recycled Polyester Tech, Captured Carbon
Athletic apparel company lululemon athletica announced the launch a limited edition Packable Anorak jacket, its first ever product to be produced using enzymatically recycled polyester, as well as from captured carbon, in what the company described as a “key milestone” in textile recycling and its work to create a circular ecosystem. Polyester is Lululemon’s largest procured material by weight, at…
Windfall Bio Raises $28 Million to Scale Methane-Eating-Microbe Industrial Emissions Solution
Climate solutions startup Windfall Bio announced today that it has raised $28 million in a Series A funding round, with proceeds from the financing aimed at supporting the commercialization of its solution to capture and utilize methane from emissions-intensive industries. Rapid reduction in methane emissions is seen as one of the most effective near-term actions that can be taken in…