ESG
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Jupiter Intelligence enhances its platform with new climate risk tools. The tools help financial institutions quantify climate risk and assess resilience investments. This development addresses the growing need for precise climate-informed decision-making amid increasing severe weather impacts….
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The UK regulator has proposed classifying Apple and Google as firms with “strategic market status.” If finalised, the move could bring targeted conduct rules, fines, and broader scrutiny to their 90–100% hold on UK smartphones.
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Lloyds Bank launches centre for Voluntary Carbon and Nature Markets. The centre, based in London, will guide clients in these evolving markets. Lloyds appointed Emily Martin and Gabriella Carden to co-lead the unit, reinforcing the bank’s commitment to sustainability and clean growth strategies….
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Chestnut Carbon secures $210 million credit facility from J.P. Morgan. The facility supports large-scale nature-based carbon removal projects. The deal, underpinned by an agreement with Microsoft, marks a pioneering financing model for the voluntary carbon sector….
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UK watchdog to investigate Deloitte’s audits of Glencore. The Financial Reporting Council is examining whether the firm missed red flags around bribery at the miner-trader, whose 2022 guilty pleas triggered record UK penalties. The case adds pressure to the Big Four ahead of incoming audit reform.
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Ambienta acquires Agronova Biotech, marking its first sustainable agriculture investment. The acquisition positions Ambienta to leverage growth opportunities in the biosolutions market, valued at $21 billion, driven by environmental issues and a shift from chemical solutions to biological alternatives….
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UK integrates greenhouse gas removals into Emissions Trading Scheme. The integration of greenhouse gas removals into the UK Emissions Trading Scheme aims to address hard-to-abate emissions, enhance market efficiency, and support the country’s net zero targets by 2050. It includes engineered removals and potential woodland additions….
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SBTi launches Financial Institutions Net-Zero Standard for banks. The standard requires banks to set net-zero targets for lending, investing, and insurance, ending new fossil fuel financing immediately and fossil fuel expansion financing by 2030….
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Osapiens expands into UK market with €35 million investment. The sustainability software provider aims to create over 150 roles to assist firms in meeting compliance needs amid potential new UK sustainability reporting standards. The move follows a significant capital raise last year….
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Makersite raises €60 million to enhance sustainable product design. The funding supports the development of its AI-powered platform, aiding manufacturers in creating greener, safer, and cost-effective products while meeting regulatory standards and improving supply chain resilience….