As it struggles to kick its coal habit, the country moves forward on transition and reporting requirements to stay on track with climate commitments. Reality certainly did not match rhetoric on climate action last year. A host of oil majors receded on their climate commitments, key financial institutions started to leave climate action consortiums, and major economies like the…
Canada Issues $4 Billion Green Bond
The Government of Canada announced that it has completed the issuance of a C$4 billion green bond, the country’s second, and the first by a sovereign issuer to include nuclear energy expenditures as an eligible use for proceeds. The new offering follows the release late last year by the government of its updated Green Bond Framework, which added some nuclear…
Sunfire Raises $340 Million for Clean Hydrogen Production Tech
German electrolyzer manufacturer Sunfire announced today that it has raised €315 million (USD$342 million), including €215 million in a Series E equity financing round, and a term loan of up to €100 million provided by the European Investment Bank (EIB), with proceeds aimed at accelerating the growth and industrialization of its green hydrogen technologies. Founded in 2010, Dresden-based Sunfire produces…
Fitch Appoints Marcy Block to New Role of Global Head of ESG Ratings
Fitch Group’s sustainability-focused analytics business Sustainable Fitch announced the appointment of Marcy Block to the new role of Global Head of ESG Ratings for Sustainable Fitch, with responsibility for managing the company’s largest analytical group which serves primarily public market and investment grade constituents. Block joined Fitch Ratings in 2013, and has led Fitch Ratings’ Climate Risk Development Group since…
Geothermal Startup Fervo Energy Raises $244 Million for 24/7 Carbon-free Energy Solution
Geothermal energy startup Fervo Energy today announced that it has raised $244 million, with proceeds from the new financing aimed at advancing the deployment of its round-the-clock clean energy solution. Founded in 2017, Houston Texas-based Fervo Energy focuses on the development of geothermal projects to deliver carbon-free energy. The company uses techniques such as horizontal drilling and distributed fiber optic…
EU Lawmakers Agree to New Law Targeting 100% Recyclable Packaging by 2030
Lawmakers in the European Parliament and Council announced that they have reached a provisional agreement on new series of sustainable packaging rules aimed at addressing growing packaging waste in the EU, and boosting the circular economy, including a goal for all packaging to be fully recyclable by 2030. The agreement follows a proposal by the European Commission in November 2022…
ESG Pro Achieves B Corp Certification
ESG Pro Achieves B Corp Certification ESG Pro Limited is thrilled to share the news of achieving B Corp Certification, marking a significant milestone in our commitment to fostering an economy that values people, the planet, and profit equally. As a firm established in 2016, with a huge dedicated team of sustainability professionals spread across our offices in London,…
ESG Pro Achieves B Corp Certification
ESG Pro Achieves B Corp Certification ESG Pro Limited is thrilled to share the news of achieving B Corp Certification, marking a significant milestone in our commitment to fostering an economy that values people, the planet, and profit equally. As a firm established in 2016, with a huge dedicated team of sustainability professionals spread across our offices in London,…
Managing ESG Data Flow a Growing Challenge for Investors as CSRD Reporting Begins: Bloomberg Survey
Investors are facing a series of ESG data challenges, including coping with coverage and quality issues of reported company sustainability data to managing the increasing volume of information resulting from new regulatory ESG reporting requirements, according to a new survey released business and financial markets information service provider Bloomberg. For the study, the European ESG Data Trends Survey 2024, Bloomberg…