Climate advocacy organization Friends of the Earth Netherlands (Milieudefensie) announced that it is starting a climate lawsuit against Amsterdam-based global bank ING, demanding the bank cut emissions, including those from its financing activities, in half by 2030, and that ING stop “contributing to dangerous climate change in the future,” by requiring climate transition plans from large clients and ending financing…
With some scientists suggesting the world has entered into its sixth mass extinction cycle, a recent Legal & General Investment Management (LGIM) webinar – Nature Nurture: Can Investors Seek To Protect Nature And Still Deliver Returns – offered insights into the complexities and opportunities in investing in biodiversity and natural capital. As investment commentators flagged in ESG Clarity’s recent outlook…
EU banking supervisor The European Banking Authority (EBA) announced the launch of a consultation on new proposed guidelines, setting out requirements for banks to identify, measure, manage and monitor ESG risks, including setting plans to address risks arising from the EU’s transition to a climate-neutral economy. Requirements for banks under the proposed guidelines would include undertaking regular materiality assessments of…
Element Zero, a green materials platform company, announced today that it has raised $10 million in seed funding, with proceeds to be used to scale up its platform aimed at decarbonizing iron and other critical metals production. Founded in 2022, Element Zero offers a cost effective and efficient platform for the conversion of iron ore and other metals into their…
Supply chain traceability platform TrusTrace, announced today that it has raised $24 million through a growth investment led by circular economy-focused investor Circularity Capital. Founded in 2016, Stockholm, Sweden-based TrusTrace offers a software-as-a-service (SaaS) platform for supply chain traceability and compliance, enabling brands and suppliers to standardize how supply chain and material traceability data is captured, digitized, and shared. With…
Private markets ESG-focused data solutions provider Novata announced today the launch of a new solution, Novata Carbon Navigator, aimed at enabling users to track, measure and report carbon data. According to Novata, the new solution was developed to address organizations’ needs to monitor and reduce their carbon footprint and meet disclosure requirements, as businesses face increasing transparency and sustainability demands….