Business and financial markets information service provider Bloomberg announced today the launch of a new offering, aimed at providing financial firms with data reported by companies under the EU’s new Corporate Sustainability Reporting Directive. The CSRD is a major update to the EU’s Non-Financial Reporting Directive (NFRD), the previous EU sustainability reporting framework, significantly expanding the number of companies required…
Fashion and design brands company H&M Group announced the launch of a new partnership with zero-carbon industrial heat solutions provider Rondo Energy, aimed at applying Rondo’s industrial decarbonization solution to help address the emissions footprint of H&M’s supply chain. Founded in 2020, California-based Rondo Energy provides solutions to address emissions from industrial heat processes. Industrial heating uses high amounts of…
Global delivery giant FedEx announced that Karen Blanks Ellis will become the company’s next Chief Sustainability Officer, succeeding current CSO Mitch Jackson, who will be retiring from FedEx at the end of June. Ellis joined FedEx in 1997 and previously held the role of Managing Director, Strategic Environmental Management & Sustainability at the company. She has served in a variety…
The Government of Australia’s Treasury department announced today the release of its Sustainable Finance Roadmap, outlining its plans to develop and reform financial markets to support the mobilization of private capital needed to finance the transition to a net zero economy, with key priorities including instituting mandatory climate-relating reporting, establishing a sustainable finance taxonomy, and instituting a labeling regime for…
Sustainable building solutions provider Bisly announced today that it has raised €6.2 million (USD$6.7 million) in a Series A funding round, with proceeds to be used for its European expansion, including in Germany and the United Kingdom, where the company has already opened offices. Buildings are a key source of global greenhouse gas (GHG) emissions, and also one of the…
Switzerland’s Federal Council announced today that it will hold off on regulating greenwashing in the financial sector, allowing instead for the industry to monitor itself, following progress made by the sector’s associations in developing and implementing self-regulatory provisions. The decision follows the release in December 2022 of a paper by the Swiss Federal Council outlining its position on the prevention…
Circular economy technology company LD Carbon announced today that it has raised $28 million in a Series C funding round led by Toyota’s growth fund, Woven Capital. The company will use the investment to scale its operations recycling end-of-life tires and material from end-of-life vehicles into recovered carbon black and pyrolysis oil. Founded in 2017, South Korea-based LD Carbon produces…
Global professional services firm Deloitte and nutrition, health, and beauty company dsm-firmenich announced today the launch of a new strategic collaboration aimed at providing solutions for the agricultural sector to improve the sustainability of the food supply chain, with a particular focus on sustainable animal protein production. Agriculture has emerged as a major focus area for sustainability and climate action,…