ESG
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A new climate finance bill aims to tax fossil fuel firms, superyachts, and private jets to fund flood defences and home insulation.
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Microsoft has signed a major new agreement with carbon markets platform Rubicon Carbon to acquire 18 million tonnes of high-quality carbon removal credits, a deal regarded as one of the largest commitments ever made by a single corporate buyer within the voluntary carbon market. The agreement marks a significant escalation in Microsoft’s efforts to achieve…
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Italian energy group Eni has announced that it has entered exclusive negotiations with Ares Management Corporation’s alternative credit arm over the potential sale of a 20% stake in its low-carbon energy subsidiary, Plenitude. The proposed transaction would value Plenitude’s equity between €9.8 billion and €10.2 billion (£8.4–£8.8 billion), corresponding to an enterprise value exceeding €12…
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US-based fusion energy start-up Realta Fusion has secured $36 million in Series A funding to accelerate the commercial development of its modular magnetic mirror fusion technology. The funds will be used to advance experimental research, scale up development, and lay the groundwork for a prototype fusion reactor, which the company aims to have operational by…
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Sustainable infrastructure investor Actis has announced the close of fundraising for its second Actis Long Life Infrastructure Fund (ALLIF2), securing commitments totalling $1.7 billion. The fund will target brownfield investments across sectors including renewable energy, electricity transmission, district cooling, toll roads, and digital infrastructure, with a particular focus on high-growth markets outside of Western economies.…
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Japanese climate technology firm Asuene has announced its acquisition of US-based carbon management and accounting platform nZero, marking a strategic expansion into the North American greentech and corporate sustainability space. Founded in Tokyo in 2019, Asuene provides tools and consultancy services to support corporations in achieving their net zero targets. These include greenhouse gas (GHG)…
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In a busy week for environmental, social and governance (ESG) developments, major corporations, governments, and financial institutions unveiled a string of initiatives aimed at strengthening their commitments to sustainability and climate action. State Street Global Advisors, one of the world’s largest asset managers, introduced a new sustainability-focused stewardship service. This initiative offers institutional investors enhanced…
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Private equity firm Ara Partners, which specialises in industrial decarbonisation, has secured over $800 million (£636 million) for the inaugural fund under its Ara Infrastructure platform, significantly surpassing its initial fundraising target of $500 million. The capital includes commitments to associated co-investment vehicles and will be deployed into mid-market infrastructure projects aimed at reducing carbon…
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Circular economy start-up Syre has signed a memorandum of understanding with the provincial government of Bình Định in Vietnam, marking a key step toward establishing its first large-scale textile-to-textile recycling facility in the region. The plant — which the company refers to as “gigascale” — would be the first of its kind for Syre and…
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A new survey ranks British employees among Europe’s least happy — and the underlying factors run deeper than perks or pay.