Athletic apparel company lululemon athletica announced the launch a limited edition Packable Anorak jacket, its first ever product to be produced using enzymatically recycled polyester, as well as from captured carbon, in what the company described as a “key milestone” in textile recycling and its work to create a circular ecosystem. Polyester is Lululemon’s largest procured material by weight, at…
Climate solutions startup Windfall Bio announced today that it has raised $28 million in a Series A funding round, with proceeds from the financing aimed at supporting the commercialization of its solution to capture and utilize methane from emissions-intensive industries. Rapid reduction in methane emissions is seen as one of the most effective near-term actions that can be taken in…
Carbon capture technology provider ION Clean Energy announced that it has raised $45 million from investors including energy giant Chevron’s low-carbon solutions-focused business Chevron New Energies (CNE), who led the round, and carbon management-focused investor Carbon Direct Capital. Founded in 2008, Boulder, Colorado-based ION Clean Energy provides technology aimed at reducing the overall costs of post-combustion carbon dioxide capture, enabling…
Multi-stage venture investment firm B Capital announced two senior appointments aimed at expanding its climate investment platform, including Boston Consulting Group (BCG) Global Chair and former CEO Rich Lesser as Vice Chair, Climate & Sustainability and Senior Advisor, and Jeff Johnson as General Partner to lead the climate business. Launched in 2015 by Facebook co-founder Eduardo Saverin and Raj Ganguly,…
This week in ESG news: SEC pauses its new climate disclosure rules; JPMorgan, Citi and RBC agree to disclose new climate finance metric; Deloitte survey finds sharp increase in investors implementing sustainable investment policies; Biden awards $20 billion to boost clean energy financing for low income communities; EY launches new sustainable finance hub; U.S. Steel to capture 50,000 tons of…