France-based investment firm Eurazeo announced today that it has raised €175 million (USD$208 million) at the first close of Eurazeo Sustainable Maritime Infrastructure II (ESMI II), it’s new fund aimed at supporting the decarbonization and energy transition of the maritime sector in Europe. According to Eurazeo, the fundraise significantly surpassed its €125 million first close target. The firm has set…
UK-based sustainability-focused consulting firm SLR announced today the acquisition of sustainability advisory firm SB&CO. Founded in 2020 by Nigel Salter and Penny Baxter, UK-based SB&CO advises companies on strategy, sustainability activation and integration, ESG, stakeholder engagement and communications. Services provided by the firm include support for companies in developing and executing net-zero roadmaps, Scope 1–3 emissions strategies and decarbonization planning. SB&CO…
The European Parliament announced Tuesday the adoption by lawmakers in a 413 – 226 vote of amendments to the EU Climate Law requiring the EU to reduce greenhouse gas (GHG) emissions by 90% by 2040. The vote, however, followed an agreement between Parliament and the European Council which required the introduction of several flexibilities in the Climate Law to put…
Guest post by: Michael Horvath, Sustainability Leader, and Geoffroy Marcassoli, Sustainability Assurance Leader, at PwC Luxembourg In the years following the Paris Agreement, transition finance has gradually but forcefully emerged as a key concept within the wider sustainable finance universe, as asset managers and investors alike sought to channel capital to drive real-economy decarbonisation changes rather than simply divesting from…
Nuclear technology startup newcleo announced that it has raised €75 million (USD$88 million) in a new funding round, with the proceeds aimed at accelerating the development of next-generation small nuclear reactors using recycled nuclear fuel to produce clean energy. The company said it has raised over $124 million in 2025. Founded in 2021, UK-based newcleo develops advanced small modular reactors,…
Enhanced rock weathering (ERW) startup Terradot announced that it has acquired the assets of ERW company Eion, with the purchase aimed at strengthening and expanding Terradot’s carbon removal platform. Founded in 2022, US-based Terradot provides a carbon removal solution based on transforming the natural process of rock weathering. The company’s solution speeds up the natural process through which CO₂ from…
Sustainability data management company Dcycle announced today that it has signed an agreement to acquire software company ESG-X, with the transaction aimed at expanding Dcycle’s ESG sustainability data management capabilities across the DACH region (Germany, Austria and Switzerland). Founded in 2023, Germany-based ESG-X develops AI models designed to automate materiality assessments and map existing corporate data to ESG reporting requirements….