A significant majority of CEOs are planning, currently undertaking, or have already completed a series of actions to prepare their companies to address the risks and opportunities presented by climate change, including two thirds looking to upskill or reskill their workforce, and more than three quarters innovating new, climate friendly products or services, according to a new global CEO survey…
Electric vehicle fast-charging provider Electra announced today that it has raised €304 million (USD $330 million) in equity funding. The company plans to use the funds to support its goal to install 2,200 stations with 15,000 charging points in Europe by 2030. The fundraising marks the largest in the charging sector to date in France, and the second-largest in Europe….
Clean energy tech startup Aira announced today that it has raised €145 million (USD$158 million) in its Series B financing round, aimed at accelerating electrification and reducing the use of gas in residential heating in Europe. According to Aira, the financing round was significantly oversubscribed, and was upsized from an initially targeted €85 million. Founded in 2022 by impact company…
Global automotive supplier KIRCHHOFF Automotive announced today a seven-year, €130 million agreement with Swedish company H2 Green Steel for the delivery of near zero emissions steel in order to decarbonize its supply chain and achieve its sustainability goals. Steel is the main component of KIRCHHOFF Automotive’s supply chain, accounting for half its material purchases, with 90% of the company’s carbon…
A group of 27 institutional investors representing more than $4 trillion in assets under management announced today that they have co-filed a shareholder resolution at Shell, urging the energy giant to set Paris Agreement-aligned medium-term target to reduce emissions arising from the use of its products. The resolution, led by oil and gas-focused shareholder activist group Follow This, was filed…
Battery manufacturer Northvolt announced today that it has raised $5 billion through the largest-ever green loan in Europe, with proceeds from the financing aimed at expanding its Northern Sweden-based lithium-ion battery gigafactory and battery recycling facility. The green loan was provided by a consortium including 23 commercial banks, in addition to the European Investment Bank (EIB) and the Nordic Investment…
Global growth equity investor General Atlantic announced today the acquisition of sustainable infrastructure investor Actis. Following the acquisition, Actis will become the sustainable infrastructure arm within General Atlantic’s global investment platform. The move marks the latest in a series of moves by major asset managers to boost their capabilities to target a rapidly growing infrastructure opportunity set driven by themes…