Canadian banks Scotiabank and RBC revealed that they have retired their 2030 targets to reduce financed emissions for key carbon-intensive sectors, with each bank citing external factors ranging from changes in public policy, energy demand, and slower than requires technology development. Scotiabank also announced that it is dropping its goal to achieve net zero for financed emissions by 2050, while…

French cleantech company ROSI announced it has secured over €20 million (USD$23 million) in funding to scale its high-value photovoltaic module recycling facilities across Europe. Founded in 2017, ROSI specializes in the high-value recycling of end-of-life photovoltaic panels. The company’s process enables the recovery of high-purity strategic raw materials, including silicon and silver, as well as copper, aluminum and glass….

Northern Europe-based asset manager Nordea Asset Management announced that it has been awarded a nearly €1 billion ESG-focused European Covered Bond mandate by ABN AMRO Investment Solutions (AAIS). According to Nordea AM, the new tailor-made strategy, ABN AMRO Nordea European Covered Bonds, will use the firm’s methodology for sustainability in Covered Bonds, including incorporating an exclusion framework and integrating a…

New York City Comptroller Mark Levine announced that the city’s public pension systems have cut their portfolio greenhouse gas emissions footprint by nearly half by the end of fiscal year 2025, putting the funds well ahead of their interim targets towards their 2040 net zero goals. Alongside the financed emissions reduction results, Levine also revealed significant progress in the systems’…

Early-stage venture capital firm Kompas VC announced today the final close of its second fund, Fund II, raising €160 million (USD$187.5 million) to invest in startups focused on for solutions for physical industries that accelerate productivity, resilience and decarbonization. Founded in 2021 by Sebastian Peck, Talia Rafaeli, and Andreas Winter-Extra, Denmark-based Kompas VC focuses on backing industrial technologies aimed at…

PepsiCo, and its suppliers Givaudan, Smurfit WestRock, announced today the signing of a multi-year renewable energy purchase agreement aimed at advancing emissions reductions across the value chain in Europe. The new agreement forms part of PepsiCo’s pep+ Renew program, launched by the company in 2022 in collaboration with energy and automation digital solutions provider Schneider Electric, to help address the…

IBM announced the general availability of the IBM Envizi Emissions API, its new tool aimed at enabling companies to integrate GHG Protocol-aligned greenhouse gas emissions calculations into their existing software, systems and workflows. According to IBM, the launch comes as demand grows for real-time, scalable emissions insights, with the new solution addressing the need for sustainability data tools that can…

Alternative asset manager Blackstone announced today an investment of up to €2 billion (USD$2.3 billion) to acquire a significant stake in Denmark-based renewable developer Eurowind Energy, with the new capital aimed at scaling the company’s renewable energy development activities across Europe. Founded in 2006 by CEO Jens Rasmussen, Søren Rasmussen and Jakob Kortbæk, and jointly owned by Danish integrated energy…

More than four out of five companies are maintaining or accelerating their climate goals, and more companies are on track to achieve their operational and value chain decarbonization targets, challenging the narrative that sustainability efforts have peaked with increased political scrutiny, according to a new study released by professional services firm PwC. The study also indicated that sustainability efforts are…

Guest post by: Kristina Wyatt, and Executive Vice President and General Counsel at The Conservation Fund When the California Air Resources Board votes on how Scope 3 reporting will roll out in 2027, it will do more than set compliance deadlines. It will define the seriousness of California’s climate ambitions. What is at stake is not simply a technical question…