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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….
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UK ETS to include engineered greenhouse gas removals by 2029. The UK Government plans to integrate engineered greenhouse gas removals into the Emissions Trading Scheme by 2029, maintaining market stability with robust standards and a cautious approach to woodland-based removals.
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Sustainability is seen as a key value driver. A Morgan Stanley survey of over 330 companies highlights sustainability as a critical element for value creation, with 88% of executives recognising its impact. Companies are increasingly adept at measuring sustainability ROI, enhancing strategic capital allocation….
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INEOS completes £30m investment to switch Hull site to hydrogen. The conversion to hydrogen at the INEOS Hull site reduces carbon emissions by 75%, aiding manufacturers in lowering supply chain emissions. Hydrogen, seen as key for cleaner energy, faces production challenges….
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California clarifies climate disclosure laws requirements for businesses. California’s Air Resources Board (CARB) has issued formal guidance to assist companies in meeting the state’s climate disclosure mandates. The guidance provides flexibility in reporting frameworks and data years, easing compliance for businesses….
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Petrobras appoints Angélica Laureano as Executive Director for Sustainability. Laureano, with 37 years at Petrobras, will lead the company’s energy transition efforts, focusing on decarbonisation and renewable energy. This appointment highlights Petrobras’ commitment to gender diversity in senior management….