Companies globally are making progress with their climate disclosures, both in terms of the number of businesses reporting on climate-related factors and the quality of the reporting, according to a new study released by global professional services firm EY, although the improvements are only “marginal,” and significant work remains to prepare for reporting against the new sustainability disclosure standards released…
A consortium led by Virgin Atlantic announced the successful completion of Flight100, the first ever transatlantic flight by a commercial airline using 100% sustainable aviation fuel (SAF). The flight, conducted on a Boeing 787 using Rolls-Royce Trent 1000 engines, originated in London’s Heathrow Airport, and landed at JFK Airport in New York on Tuesday evening, with Virgin Atlantic founder Richard…
M&G’s impact investing unit responsAbility Investments, together with Germany’s development bank KfW and the Dutch development bank FMO, announced the launch of new climate investment strategy, aimed at actively contributing to CO2 reduction in Asia through targeted investments in low-emission technologies, and seeking to mobilize $500 million in capital. According to responsAbility, the new strategy is being launched amidst an…
Tokyo-based banking and financial services company Mizuho announced today an investment in carbon marketplace and exchange Climate Impact X (CIX), and the launch of a new partnership with CIX aimed at scaling the international carbon credit market in Asia. Singapore-based CIX was launched in 2021 through a joint venture between DBS, Singapore Exchange (SGX), Standard Chartered and Temasek, aimed at…
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…