J.P. Morgan Asset Management (JPMAM) today announced the rebrand of its timberland investment advisory company Campbell Global to J.P. Morgan Natural Capital, in a move described by the company as aimed at reflecting the evolution of the business and the growing importance of nature-based assets in institutional portfolios. JPMAM acquired Campbell Global in 2021, in a move aimed at providing investors with…
Madrid-based international financial services provider Alantra announced the launch of Horizon Secondaries, a new €120 million (USD$140 million) dedicated secondaries strategy within its Energy Transition asset class. The new energy transition-focused vehicle is being launched with the acquisition of 10 growth companies across North America, Europe, and Asia from Shell Ventures. Quennie Co, Managing Partner at Shell Ventures, said: “Alantra’s…
The California Air Resources Board (CARB), the regulator charged with developing and enforcing the state’s new corporate climate reporting regulations, announced the release of new guidance for companies set to begin reporting GHG emissions this year under the state’s new climate reporting regulations, with initial reports due on November 10th. The new guidance confirms a series of measures by the…
The Royal Bank of Canada (RBC) announced the launch of the RBC Community Solar Program, a new national initiative aimed at supporting community organizations launch solar energy projects. Under the program, RBC will purchase renewable energy certificates (RECs) from participating organizations through 10-year agreements, providing them with a long-term revenue stream while helping to lower their operational costs. RBC noted…
Singapore’s Ministry of Transport’s Civil Aviation Authority (CAAS) announced that it will push back its new Sustainable Aviation Fuel (SAF) Levy for departing cargo flights by a year to 2028, but plans to go ahead with the implementation of its new requirement to add a SAF procurement fee for all departing passenger flights from the beginning of 2027. According to…
Grid intelligence technology company Gridsight announced that it has raised $26 million in a Series B funding round, with proceeds aimed at expanding its platform in the U.S. and Australia to help utilities unlock more capacity from the grid. Founded in 2020, Sydney, Australia-based Gridsight develops AI-powered grid intelligence software that enables electricity utilities to monitor, manage and optimize distribution…
Snacking, food, and pet care products provider Mars announced a series of new investments from its Mars Impact Fund, with $13 million in grants for projects aimed at strengthening the resilience of the company’s sourcing communities, developing the next generation of scientists and improving companion animal wellbeing. The new grants follow the launch of the impact fund earlier this year,…
New York State’s Climate Change Superfund Act, which would require fossil fuel companies to pay a share of the investments in infrastructure needed to adapt to climate change in the state, ran into a major obstacle, with a U.S. federal judge ruling that it is preempted by federal law, and “cannot be enforced.” Introduced in 2024 by New York State Governor…
The multinational goal to limit global temperature increase to 1.5°C, identified as the threshold to avoid the most significant impacts of climate change, is now out of reach, according to a new report released by the UN Environment Programme (UNEP), which puts a best-case scenario now at 1.8°C. Despite expectations to surpass the 1.5°C threshold, however, the report, “Limiting Overshoot,”…