Companies expect extreme weather events such as flooding and heavy rain to drive nearly $900 billion in financial losses, through impacts ranging from lost revenue and asset impairments to supply chain disruptions, according to a new report released by environmental sustainability reporting platform CDP. While the report indicated a high risk of future losses from extreme weather, CDP also said…
Apple announced a series of new sustainability initiatives in India, including a new investment partnership to help scale renewable energy capacity across the country, as well as partnerships aimed at reducing plastic pollution and supporting green solutions startups. Apple’s new initiatives include an expanded collaboration with renewable energy developer CleanMax, which will see Apple invest INR 100 crore (USD$10.5 million)…
International express service provider DHL Express announced a new agreement with Dubai-based sustainable aviation fuel (SAF) producer SAF One for the purchase of 250,000 metric tons (327 million liters) of SAF to be delivered to DHL over 10 years, marking the company’s first SAF offtake agreement in the Middle East. The companies said that under the agreement, SAF One will…
Chicago-based multi-asset investment firm S2G Investments announced the final closing of its Solutions Fund I, raising $1 billion in commitments for the growth-stage investment fund targeting commercial solutions making food & agriculture, energy, and ocean systems more resilient and efficient. According to S2G, the fund backs growth-stage companies, primarily in North America and Europe, that can improve efficiency across the…
The U.S. Securities and Exchange Commission (SEC) has sent a letter to the U.S. Court of Appeals, informing it of its plans to “reconsider” the corporate climate disclosure rules introduced by the Commission during the Biden administration. The letter to the court follows reports last week, confirmed by the SEC, that it has started the process to rescind the climate reporting…
Clean energy company Mantle8 announced that it has raised €31 million (USD$36 million) in a Series A funding round, with proceeds aimed at scaling and commercializing the company’s natural hydrogen explorations technology platform. Hydrogen is viewed as one of the key building blocks of the transition to a cleaner energy future, particularly for industrial and transport sectors with difficult to…
Geothermal energy project developer Fervo Energy announced the finalized pricing of its initial public offering, with the company selling 70 million shares at $27, following strong demand which saw the IPO upsized from an initial planned 55.6 million shares at an expected price of $21 to $24. The IPO values the company at approximately $7.7 billion. The IPO comes as…
The government of New Zealand announced plans to change its climate change laws to prevent civil lawsuits against companies for environmental harm caused by their greenhouse gas (GHG) emissions, in a move described by Justice Minister Paul Goldsmith designed to “provide legal clarity and certainty” for businesses. The initiative comes as five of New Zealand’s largest corporate emitters, including diary…