Norges Bank Investment Management (NBIM), the investment manager for Norway’s $1.8 trillion oil fund announced a new agreement with Brookfield Asset Management, committing $1.5 billion to its latest energy transition fund, the Brookfield Global Transition Fund (BGTF II). Brookfield’s BGTF investment strategy focuses on three primary areas, including the expansion of clean energy, the transformation of companies operating in carbon-intensive…
The EU has made significant progress towards meeting its climate goals, including reducing greenhouse gas emissions by well over a third since 1990, despite economic growth, but continues to face growing risks to its competitiveness from climate change and environmental degradation, according to a new report by the European Environment Agency (EEA). The new publication forms part of a series…
Alternative asset and private equity investor KKR announced an agreement to acquire a 50% stake in a portfolio of solar energy assets from TotalEnergies, in a transaction valuing the portfolio at an enterprise value of $1.25 billion. The portfolio includes six large-scale solar projects totalling 1.3 GW and 41 smaller distributed generation sites adding another 140 MW, primarily based in…
Apple announced the launch of a new sustainable forest management project, investing in the restoration and protection of thousands of acres of coastal redwood forest in California. Under the project, Apple has invested in the long-term restoration and sustainable management of the Gualala River Forest in Mendocino County, California, part of a large stretch of coastal redwood forestland housing hundreds…
IBM announced the launch, in preview, of its new IBM Envizi Emissions API, a new tool aimed at enabling organizations to integrate greenhouse gas (GHG) calculations into the data tools that they currently use or are developing. The new solution forms part of IBM’s ESG data platform, the Envizi ESG Suite. IBM acquired Envizi in 2022, as part of its efforts…
A majority of companies subject to CSRD or ISSB disclosure requirements say that pressure from a variety of stakeholders including investors and customers to provide sustainability reporting and data has continued to increase over the past year, despite regulators in some areas pulling back on mandatory disclosure requirements, with most also increasing investments in sustainability reporting capabilities, according to a…
The Monetary Authority of Singapore (MAS), the central bank and financial regulator of Singapore, announced today the appointment of Abigail Ng as its first dedicated Chief Sustainability Officer. Ng has been with MAS for nearly 20 years, most recently serving as Department Head of the Markets Policy & Consumer Department. Ng takes on the CSO position upon the departure from…
UK-based climate tech startup OXCCU announced today that it has raised £20.75 million (USD$28 million) in a new Series B funding round, with proceeds from the financing aimed at supporting the scaling and commercialization of its technology to convert waste CO2 and green hydrogen directly into affordable sustainable jet fuel. Fuel accounts for the vast majority of the aviation sector’s…