The International Organization for Standardization (ISO) announced on Wednesday the release of its long-awaited draft ISO Net Zero Aligned Organizations Standard (ISO 14060), its first global standard designed to support companies in developing credible and comprehensive net zero transition plans. The new standard sets out principles and requirements for companies and other organizations to develop, implement and communicate a net…
Business and financial markets information service provider Bloomberg announced today the expansion of its climate and transition analytics solutions suite, Transit Toolkit, with new capabilities designed to portfolio managers identify, assess, and manage transition risks and opportunities across their investment and risk management processes. According to Bloomberg, the new capabilities come as global energy transition investment reached a record $2.3…
Logistics giant DHL Group announced plans to strengthen its capabilities and presence in the New Energy sector, focused on serving the value chain in areas related to electrification and the energy transition. Citing strong customer demand for its services in the sector, and noting the backdrop of fossil fuel supply disruptions, DHL said that it sees an opportunity to grow…
India-based rooftop solar system provider SolarSquare announced today that it has raised $53 million in a Series C funding round, with proceeds from the financing to be used to expand its platform to new cities and deepen its technology capabilities. The company said that the raise marks the largest venture investment in India’s solar sector, reflecting growing investor confidence in…
Impact data company Upright announced the launch of a new vertically-trained AI model designed to enable companies and investors to quantify sustainability impacts, risks, and opportunities. According to Upright, the new large language model (LLM) bases its impact quantification on scientific evidence, rather than relying primarily on corporate disclosures or general-purpose AI models. Annu Nieminen, Co-founder and CEO of Upright, said:…
Generational investment opportunity in resource efficiency Thomas Sørensen, portfolio manager of the Nordea 1 – Global Climate and Environment fund The world is in the middle of a defining shift in how it produces, moves and consumes energy. Fossil fuel dependence has re-emerged as a source of geopolitical fragility, electricity demand is outpacing supply, and the cost of energy has…
The Government of Canada announced the launch of new proposed legislation aimed at strengthening its ban on imports of goods produced with forced labor, introducing new requirements for companies importing high-risk goods to provide enhanced supply chain tracing, and banning goods unless information requirements are met. The introduction of the new legislation follows the publication of a report by the…
EU banking supervisor The European Banking Authority (EBA) announced the draft methodology and templates for the 2027 EU-wide stress test, which include the incorporation of climate risks for the first time. In the initial stage, the EBA said that climate risks will be assessed through a dedicated module and will not affect the core stress test results, although the banking…