Sustainability advisory firm ERM announced the appointment of former Accenture Senior Managing Director Bill Theofilou to the position of Executive Chair. Theofilou founded and headed Axia, a U.S.-based strategy consulting company, until its acquisition by Accenture in 2015. He then worked for eight years in the role of Senior Managing Director, leading Accenture’s global CEO advisory practice. Theofilou also serves…
Ford Motor Company announced today the appointment of Lisa Drake as President of its new energy products and solutions unit, Ford Energy, with responsibility for launching the company’s planned new battery energy storage systems (BESS) business. The appointment follows an announcement by Ford of plans to launch the new BESS business in December 2025, after reporting a $19.5 billion charge…
The UK’s Competition and Markets Authority (CMA) announced the release of new guidance aimed at helping businesses including retailers, brands and manufacturers to understand supply chain responsibility for making accurate green claims. The guidance indicates that businesses may be liable for misleading environmental claims, even if they are only passing along information provided farther up the value chain. The CMA said:…
Ocean health and climate solutions startup Gigablue announced that it has raised $20 million at the first close of its Series A financing, with proceeds aimed at scaling its solution to capture and remove carbon from the atmosphere, and store it deep in the ocean. Founded in 2022, Gigablue designs and deploys a marine-based carbon dioxide removal method to capture…
Sustainability-focused European asset manager Ambienta announced that it has raised more than €500 million at the final close of its Ambienta Sustainable Credit Opportunities strategy, surpassing its target for the private credit fund aimed at backing “environmental champions.” Launched in 2023, Ambienta’s credit fund finances and supports mid-market companies providing products and services measurably improve resource efficiency or pollution control,…
Guest post by: Moritz Baer, co-founder and CEO of Forward Analytics The EU’s recent decision to weaken sustainability reporting, and remove obligations for climate transition plans under the Corporate Sustainability Due Diligence Directive has sparked predictable debate. But this focus on regulation misses a more fundamental shift already underway: thanks to ever more granular data, corporate climate performance is now…
Renewable energy developer and operator Aneo announced that it has acquired RWE Renewables Sweden’s wind power portfolio, which produces about 500 GWh annually. The purchase includes 124 MW of onshore wind spread across 11 wind farms, 48 MW of nearshore wind power and employees with expertise in project development, operations and maintenance services. According to Aneo, the agreement will reinforce…
Renewable energy developer Low Carbon announced that it has raised more than £500 million (USD$685 million) in a debt refinancing through a deal involving ten international banks, marking one of the largest debt raises of its kind in the European renewables market. Founded in 2011, Low Carbon is a UK-based independent power producer that develops, builds and operates utility-scale renewable…
Energy ministers from the UK and eight other European countries announced the launch of the Hamburg Declaration of Energy Ministers, setting a new ambition to jointly develop up to 100 GW of offshore wind projects in the North Sea, in a bid to “turn the North Seas into the largest clean power hub in the world.” The declaration was adopted…
The Hong Kong Monetary Authority (HKMA), Hong Kong’s central banking institution, announced the release of the Hong Kong Taxonomy for Sustainable Finance Phase 2A, expanding its classification system for identifying environmentally sustainable economic activities to include transition activities, climate adaptation, and a significantly broader range of sectors and economic activities. The release of the new update follows the launch by…