Global asset manager Invesco has withdrawn from Climate Action 100+, a climate-focused investor network focused on engaging with companies to reduce their greenhouse gas emissions and implement climate transition plans. The firm’s withdrawal forms the latest in a growing series of investors who have recently chosen to exit the group, which now include JPMorgan Asset Management (JPMAM), State Street Global…
Lawmakers in the European Parliament and Council announced that they have reached a provisional agreement on new rules banning products made with forced labor from being sold on the EU market, or exported. The agreement follows an initial proposal by the European Commission in September 2022 aimed at addressing modern slavery, directing customs authorities to identify and stop products made…
The government of Singapore announced the launch of a new Sustainability Reporting Grant, providing companies with support covering up to nearly a third of the cost of producing their first sustainability reports. The new grant system follows the government’s announcement last week that it will introduce mandatory climate-related reporting requirements for listed and large non-listed companies, based on the IFRS…
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…
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 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 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…