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…
Zurich-based Direct Air Capture (DAC) company provider Climeworks announced today the launch of Climeworks Solutions, a new service aimed at providing companies with high-quality carbon removal portfolios, spanning a broad range of carbon removal technologies and solutions. Founded in 2009 by Christoph Gebald and Jan Wurzbacher, Climeworks has focused to date on building its position as a leading DAC provider….
By Christina Shim, Head of Sustainability Software, IBM Late last year at the UN climate change conference in Dubai, one of the facts most repeated around dining tables, on stages, and over cocktails was that solar is now the cheapest form of electricity in the majority of countries. Of course, there were many attendees quick to object; solar is not the cheapest…
Former Shell CEO Ben van Beurden has joined alternative asset and private equity investor KKR as a senior advisor for energy transition investments, according to a report by the Financial Times, confirmed by ESG Today. In his new part-time role, van Beruden will advise KKR’s recently launched climate strategy. Van Beurden takes on the new role following 39 years at…
Barclays announced today the appointment of Isabelle Millat to the dual role of Head of Sustainable Finance for Global Markets and for Barclays Europe. Based in Paris, in her new roles, Millat have responsibility for leading the expansion of Barclays’ Global Markets’ sustainability proposition, as well as for the development of the overall sustainable finance franchise for Barclays Europe, working…
The Bezos Earth Fund announced the launch of the AI for Climate and Nature Grand Challenge, with plans to grant up to $100 million to advance AI-based solutions aimed at addressing climate change and nature loss. The Bezos Earth Fund was founded in 2020, with a $10 billion philanthropic commitment from Amazon founder Jeff Bezos, aimed at funding scientists, activists,…
The Monetary Authority of Singapore (MAS), the central bank and financial regulator of Singapore, announced today that it will allocate S$35 million (USD$26 million) over the next three years to support upskilling and reskilling initiatives in order to develop sustainable finance specialists in the financial services sector. The new investment announcement was made alongside the release by MAS and Institute…