Finnish-American climate solutions provider Carbo Culture announced today that it has raised $18 million, with proceeds aimed at advancing the deployment and commercialization of its biochar carbon removal technology. Founded in 2018, Carbo Culture transforms waste biomass using patented technology to permanently store carbon in a solid form as biochar. The company’s technology heats biomass waste at high temperatures in…
Hydrogen-electric aviation solutions startup ZeroAvia today announced that it has $116 million, with proceeds to be used to advance the company’s efforts to enable zero-emission commercial aviation. Founded in 2018 in California, ZeroAvia develops hydrogen electric engines for airplanes. It expects to offer engines to support a 300-mile range in 9–19 seat aircraft by the end of 2025, and up…
The Financial Conduct Authority (FCA), the conduct regulator for financial services firms and financial markets in the UK, announced today the release of its new Sustainability Disclosure Requirements (SDR) for asset managers and investment labels rules, including a package of measures aimed at helping investors assess the sustainability attributes of investment products and funds, and avoid greenwashing risk. According to…
More than 4% of GDP could be lost annually due to the physical impact of climate change, if temperature increase exceeds 2°C, with developing nations significantly more exposed and less prepared, according to a new study released by S&P Global Ratings. For the report, “Lost GDP: Potential Impacts Of Physical Climate Risks,” S&P Global examined a series of climate scenarios…
Global professional services firm Deloitte and tech giant IBM announced today a new global collaboration, leveraging each companies’ sustainability solutions to help organizations accelerate emissions reduction strategies, deliver improved sustainability outcomes and streamline sustainable transformation. Christina Shim, Global Head of Product Management/Strategy, Sustainability Software at IBM, said: “This expanded collaboration with Deloitte builds on our ongoing relationship, making it easier…
Global professional services firm EY and industrial software provider Aspen Technology announced today a new alliance aimed at helping industrial and energy markets clients meet demand for resources while achieving their sustainability targets. According to the companies, the new alliance will target companies in sectors including power and utilities, oil and gas, chemicals and advanced materials, industrial products, and mining…
Business and financial markets information service provider Bloomberg announced today the launch of a new data mapping and materiality assessment tool, aimed at enabling investors to assess the potential impact of a company’s business on any of the UN Sustainable Development Goals (SDGs), and to support impact integration in portfolios. The UN SDGs refer to the 17 categories of goals…