Anita Dorett, Director of the Investor Alliance for Human Rights, warns of the pitfalls of relying on social audits to address state-sponsored forced labour risks. Given multinationals’ complex global supply chains and trading relationships, the vast majority of today’s goods are sourced and produced far from where they are sold and consumed. For this reason, to meet their responsibilities under…
Infrastructure Sustainability-focused Satellite and AI Startup AiDash Raises $58.5 Million
Infrastructure sustainability-focused enterprise software startup AiDash announced that it has raised $58.5 million in a Series C funding round, with proceeds from the financing to be used to help infrastructure industries become more climate resilient and sustainable. Founded in 2019, AI Dash provides solutions using satellite analytics and AI, enabling customers in electric, gas, water utilities, transportation, and construction industries…
Carbon Credit Ratings Provider Sylvera Launches Tools to Find, Compare and Screen Carbon Markets Projects
Carbon credit ratings provider Sylvera announced the launch of new tools on its platform for carbon markets investors, including a new product enabling users to discover and compare carbon reduction projects, and a solution to help screen and assess projects. As demand for carbon offset projects and related credits is expected to increase significantly over the next several years, with…
IFRS, EFRAG Publish Guide for Companies Complying with Both ISSB and CSRD Sustainability Reporting Standards
The IFRS Foundation and the European Financial Reporting Advisory Group (EFRAG) announced today the publication of the ESRS-ISSB standards interoperability guidance, a new document aimed at illustrating the high level of alignment between the sustainability reporting standards recently issued by IFRS’ International Sustainability Standards Board’s (ISSB) and the European Sustainability Reporting Standards (ESRS). The guidance also includes support for companies…
Global Sustainable Bond Issuance Rebounds to $281 Billion in Q1 2024: Moody’s
Issuance volumes of green, social, sustainability and sustainability-linked (GSSS) bonds rebounded sharply in Q1 2024 over the prior quarter, rising 36% to $281 billion, up from $207 billion in Q4 2023, according to a new report from Moody’s Investors Service. On a year-over-year basis, sustainable bond issuance rose marginally from $279 billion from its strong performance in Q1 2023, with…
Microsoft Signs Largest-Ever Corporate Renewable Energy Deal with Brookfield
Brookfield Asset Management and its clean energy platform Brookfield Renewable announced today a new 5-year global renewable energy framework agreement with Microsoft, for the development of more than 10.5 GW of new clean energy capacity in the U.S. and Europe. The announcement marks the largest-ever corporate clean energy purchase deal, and is nearly 8 times larger than the largest single…
McKinsey, JPMorgan, Alphabet & Others Sign $58 Million Biomass-Based Carbon Removal Deal Through Frontier
Carbon removal buyer coalition Frontier announced that it has facilitated a new set of carbon removal agreements totaling more than $58 million with biomass carbon removal and storage (BiCRS) provider Vaulted Deep, on behalf of a group of corporate buyers that include Stripe, Alphabet, McKinsey, H&M and JPMorgan Chase, among others. Under the new agreements, Vaulted Deep will remove and…