More than four out of five institutional investors expect the proportion of their investments allocated to sustainable funds to increase over the next two years, citing strong investment performance as the top driver, according to a new survey released by Morgan Stanley, which also found that the vast majority of both asset managers and asset owners increasingly view sustainable investment…
Material sorting startup Sortera Technologies announced that it has raised $45 million in a funding round aimed at supporting the company’s growth as a domestic supplier of recycled aluminium products. Founded in 2020, Indiana-based Sortera enables the reuse of metals recovered from end-of-life products. The company’s solutions utilize artificial intelligence, image/data analytics and advanced sensors in industrial scale sortation methods…
Nuclear technology company X-energy announced that it has raised $700 million in a Series D financing round, with proceeds aimed at helping the company expand its supply chain and commercial pipeline, as it scales up to deploy advanced small modular reactors for companies including Amazon, Dow and Centrica. The new funding round was led by trading firm Jane Street, and…
Madrid-based renewable energy company Zelestra announced today a new collaboration with Microsoft and non-profit organization Fundación Ecología y Desarrollo (ECODES), including a power purchase agreement (PPA) to supply Microsoft with energy from two new solar plants in Spain, and a funding arrangement to support community-led sustainability initiatives in the region. Under the new PPA, Microsoft will purchase renewable energy from…
Florida Attorney General James Uthmeier announced the filing of a new legal action against proxy advisory firms Glass Lewis and Institutional Shareholder Services (ISS), claiming that the firms violated consumer protection and antitrust laws by jointly pushing an “ESG agenda” through their activities. The new lawsuit forms the latest in a series of actions by anti-ESG politicians in the U.S., which…
A contentious final session to close out the COP30 climate conference in Belém Brazil ended in an agreement that avoided mentioning a shift away from fossil fuels for the second consecutive year, despite strong objections from the EU and UK, and that also failed to include a binding roadmap to end deforestation. In his closing remarks at the conference, UN…
This week in ESG news: Deutsche Bank expands sustainable finance strategy to target transition opportunities; U.S. appeals court pauses California climate reporting law just weeks before implementation; EU proposes overhaul of sustainable investing regulation; Credit Agricole commits to achieve 90% green financing ratio; DHL signs major U.S. sustainable aviation fuel deal; EU states vote to delay supply chain deforestation law…