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BNP Paribas AM Launches New Fossil-Free Fixed Income Funds

BNP Paribas AM Launches New Fossil-Free Fixed Income Funds

BNP Paribas Asset Management announced the expansion of its ESG fixed income ETF range, with the launch of the new BNP Paribas Easy € Corp Bond SRI Fossil Free Ultrashort Duration UCITS ETF and BNP Paribas Easy USD Corp Bond SRI Fossil Free UCITS ETF. Each of the new funds are classified as Article 8 under the EU’s Sustainable Finance…

Energy Analytics Startup Amperon Raises $20 Million

Energy Analytics Startup Amperon Raises $20 Million

Amperon Holdings, which uses AI to forecast energy usage and supply for energy markets, raised $20 million in Series B funding, with proceeds to be used to unlock more value from grid data and advance electricity forecasting innovation, enabling businesses to navigate the energy complex and accelerate grid decarbonization. Founded in 2018, Houston-based Amperon builds AI-powered electricity analytics for energy market participants,…

Guest Post: Technology is Unlocking New Opportunities for Sustainability. Will Businesses See Them?

Guest Post: Technology is Unlocking New Opportunities for Sustainability. Will Businesses See Them?

By: Christina Shim, Global Head of Product Management & Strategy, IBM Sustainability Software Next month, scientists, political leaders, and business people from around the world will gather in Dubai for the 28th United Nations Climate Change Conference. The annual event, billed COP28, will come after the hottest summer in recorded history and some of the most extreme and destructive flood…

EU Launches Anti-Dumping Investigation Against Chinese Electric Vehicles

EU Launches Anti-Dumping Investigation Against Chinese Electric Vehicles

The European Commission announced today that is has officially launched an anti-subsidy investigation on imported electric vehicles from China, after finding that a surge in heavily subsidized EVs posed a threat to the EU’s automotive industry. The investigation follows months of pressure from France on the Commission to initiate an anti-dumping probe against EV companies in China, although other countries…

California Takes Heat Off the SEC

As the Golden State passes groundbreaking climate disclosure laws, all eyes are on the SEC’s next move amid fierce Republican pushback to its forthcoming rules.   Democrat Senator Scott Wiener likens California’s legislature to the videogame Mortal Kombat when describing the pressurised environment in which he successfully steered one of two landmark climate disclosure bills in September.  “The opposition was…

California Takes Heat Off SEC

As the Golden State passes ground-breaking climate disclosure laws, all eyes are on the SEC’s next move amid fierce Republican pushback to its forthcoming rules.   Democrat Senator Scott Wiener likens California’s legislature to the videogame Mortal Kombat when describing the pressurised environment in which he successfully steered one of two landmark climate disclosure bills in September.  “The opposition was…

Green Hydrogen Startup Electric Hydrogen Raises $380 Million

Green Hydrogen Startup Electric Hydrogen Raises $380 Million

Hydrogen electrolyzer manufacturer Electric Hydrogen (EH2) announced today that it has raised $380 million with the completion of its Series C funding round, with proceeds from the financing aimed at accelerating the company’s manufacturing and deployment plans. Hydrogen is viewed as one of the key building blocks of the transition to a cleaner energy future, particularly for sectors with difficult…

Brazil’s Sustainable Taxonomy Action Plan enters public consultation

Brazil’s draft Sustainable Taxonomy Action Plan (the Action Plan), prepared by the Ministry of Finance, is currently under public consultation and receiving contributions and comments for its improvement. The deadline for taking part in the public consultation is October 20, 2023. The development of a sustainable taxonomy seeks to address Brazil’s main environmental and social challenges, taking into account its…

Austrian Airlines Found Guilty in Greenwashing Case over Carbon Neutral Flight Claims

Austrian Airlines Found Guilty in Greenwashing Case over Carbon Neutral Flight Claims

An Austrian court ruled that Austrian Airlines AG misled the public last year when it published ads offering CO2-neutral flights that used 100% sustainable aviation fuel (SAF)., between Vienna and Venice. The greenwashing case was brought by Austria’s Association for Consumer Information (VKI). The ruling ordered the airline to publish information about the case on its social media. Sustainable aviation…

Clarity AI Launches Methodology to Build SFDR-Aligned Indexes and ETFs

Clarity AI Launches Methodology to Build SFDR-Aligned Indexes and ETFs

Sustainability technology platform Clarity AI announcd today the launch of a new methodology, aimed at helping index and Etf providers to build and market products aligned with the EU’s  Sustainable Finance Disclosure Regulation (SFDR). The EU SFDR forms part of the EU’s Action Plan on financing sustainable growth. The regulation aims to establish harmonized rules for financial market participants including…