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,…
Carbon removal buyer coalition Frontier announced that it has facilitated offtake agreements to purchase $48.6 million of carbon removal output generated by Stockholm Exergi’s planned bio-energy with carbon capture and storage (BECCS) facility in Sweden, on behalf of buyers including Alphabet, Meta, JPMorgan Chase, and H&M, among others. Launched in April 2022 with commitments by tech companies Stripe, Alphabet, Shopify and…
Europe’s three primary financial regulatory agencies, the European Supervisory Authorities (ESAs), announced the publication of a new assessment of the Sustainable Finance Disclosure Regulation (SFDR), proposing a series of changes and updates to the regulation, including the introduction of new “Sustainable” and “Transition” categories for financial products such as investment funds, life insurance and pension products. The ESAs include The…