Asset manager hires veterans Phil Cliff and Aaron Hay to bolster skill sets across sustainability team, while also driving integration efforts. Fidelity International has added to its sustainability team with climate and private credit-focused appointments with the objective of closing skill gaps and strengthening its offering to clients. “I don’t think it’s possible to stand still in the sustainability…
AI-Based ESG Data Collection Startup ESG Flo Raises $5.25 Million
AI-powered data infrastructure platform ESG Flo announced today that it has secured $5.25 million in seed capital. Launched in 2022 from within Bain & Company’s Founder’s Studio , ESG Flo helps industrial, manufacturing and infrastructure sector businesses to create robust, auditable ESG data infrastructure. The technology leverages AI automation and deep learning to gather data across the organization to create…
TD Signs Carbon Removal Agreement with Occidental’s DAC Platform
TD Bank Group announced today an agreement by its investment bank TD Securities to purchase 27,500 metric tons of Direct Air Capture (DAC) Carbon Dioxide Removal (CDR) credits over four years from energy giant Occidental’s (Oxy) carbon capture platform 1PointFive. The transaction marks one of the largest purchases of DAC CDR credits by a financial institution, according to TD. Amy…
AMCS Acquires ESG Software Platform FigBytes
Environmental software solutions provider AMCS announced today the acquisition of ESG data and reporting platform provider Figbytes. Launched in 2014 by co-founders Sonam Devgan and Ted Dhillon, Ottawa-based FigBytes helps organizations to plan, track and report ESG on goals across areas ranging from carbon accounting and climate action, to water impacts, and supply chain activities. Details of the transaction were…
Barclays Appoints Denise Wong as Head of Sustainable and Impact Banking for Asia Pacific
Barclays announced the appointment of Denise Wong as Head of Sustainable and Impact Banking, Asia Pacific. Based in Hong Kong, Wong will be responsible for advising corporate and institutional clients on leveraging opportunities to meet their sustainability objectives, as they navigate the transition to a low carbon economy. She will report regionally to Vanessa Koo, Head of Investment Banking, Asia…
KPMG Launches Decarbonization Hub in Canada
Professional services firm KPMG Canada announced today the launch of a new decarbonization hub, aimed at helping companies achieve emissions reduction and energy transition goals and meet their net zero commitments. KPMG said that the new hub will integrate several climate-focused services and solutions offered by the firm, including developing corporate strategy-aligned decarbonization pathways for clients, support in implementing decarbonization…
Morgan Stanley Climate Fund Invests in Sustainable Nutrition Company Huel
Morgan Stanley Investment Management (MSIM) announced an investment in sustainable nutrition company Huel, aimed at supporting the company’s global expansion and reinforcing its sustainability agenda. The investment is the second to be made by MSIM’s 1GT climate-focused strategy. Launched in November 2022, 1GT is a new growth-oriented private equity platform aimed at investing in climate solutions companies that will eliminate…
Toyota Ramps U.S. EV Battery Investment to $14 Billion
Automotive giant Toyota announced plans to dramatically increase its electric vehicle battery capacity in the U.S., with an additional $8 billion investment in its North Carolina battery production plant. With the new announcement, the company’s commitment to the facility grows to nearly $14 billion, marking one of the largest-ever investments in U.S. EV battery capacity. Toyota announced an initial $2.3…