Sustainable financial technology company Crux announced today that it has raised $18.2 million in Series A funding, with proceeds from the funding aimed at supporting the company’s growth as it builds a sustainable finance platform for transferable tax credits, including organic and inorganic opportunities. The financing round brings the company’s total funding to date to over $27 million. The financing…
Jewelry designer and retailer Pandora announced today that it is now sourcing only recycled silver and gold for all its jewelry, in a move the company said will avoid 58,000 tons of CO2 emissions annually. The announcement marks the early achievement of Pandora’s goal, set in 2020, to adjust its supply chain to source 100% recycled gold and silver by…
Metals technology company Boston Metal announced a $20 million investment from Tokyo-based Marunouchi Innovation Partners, increasing the company’s Series C2 funding round to $282 million, with proceeds from the financing to be used to accelerate its platform enabling decarbonized steelmaking. Founded in 2013, Boston Metal is commercializing Molten Oxide Electrolysis (MOE), an electricity-powered metals production platform that can be used…
Clothing companies have been exposed as failing to account for and disclose water risks across their value chain. Planet Tracker, a non-profit financial think tank, analysed 3,900 documents, transcripts and filings from apparel-related companies including major brands such as Ralph Lauren, Levi Strauss and Victoria Secret, looking at how the management teams of 29 major apparel brands perceive water-related risks. …
Nature-based soil carbon removal solutions startup Grassroots Carbon announced today an agreement with Microsoft, providing the tech giant with high quality soil carbon drawdown credits, generated from regeneratively managed grasslands, and representing additional carbon sequestered over a 30-year period. Launched in 2021 through the merger of grazing management software company PastureMap and carbon credit aggregator Soil Value Exchange, Texas-based Grassroots…
Companies globally are increasing the use of ESG factors in their executive compensation programs, with more than 80% of incentive plans now incorporating at least one ESG metric, and the integration of environmental metrics rising particularly rapidly, according to a new study released by professional services and solutions provider WTW. For the study, WTW’s fourth annual Report on ESG Metrics…
Global investment in the low-carbon energy transition grew by 17% in 2023, reaching $1.77trn, with China once again the largest market for investment in the sector despite a slowdown in growth in the Asia Pacific (APAC) region. According to BloombergNEF’s (BNEF) latest report, Energy Transition Investment Trends 2024, APAC has driven global energy transition investment growth for several years, but…
In this Green Dream interview, Sondre Myge, head of ESG at Skagen Funds, answers questions on how Skagen engages with companies, trends in the ESG space and how the industry is moving from the first iteration of ESG to “evolved version”. Watch the full video interview above and read the transcript below. HD: Hello, I’m Holly Downes and welcome back…