ESG
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Asuene enters U.S. climate tech market with acquisition of carbon accounting startup NZero
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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ESG week in review – May 11
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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Ara Partners raises $800 million to invest in mid-market decarbonization infrastructure providers
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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H&M-backed Syre to build “gigascale” textile-to-textile recycling plant in Vietnam
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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Why are UK workers so unhappy?
A new survey ranks British employees among Europe’s least happy — and the underlying factors run deeper than perks or pay.
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Kering launches new water sustainability strategy
Luxury fashion conglomerate Kering has unveiled a comprehensive “Water Positive Strategy” designed to reduce water-related risks across its supply chain and contribute to a net positive water impact by 2050. The company, whose portfolio includes high-end labels such as Gucci, Saint Laurent, Bottega Veneta, and Balenciaga, aims to deliver measurable improvements in the availability and…
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Eni and UK government move forward with Liverpool Bay carbon storage network
Italian energy company Eni and the UK Government have reached financial close on the Liverpool Bay Carbon Capture and Storage (CCS) project, paving the way for full-scale construction to begin in 2025. The project, which lies at the heart of the HyNet industrial decarbonisation cluster in North West England and North Wales, is a key…
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UK launches integrity principles to strengthen carbon and nature credit markets
The UK government has unveiled a set of six proposed “integrity principles” aimed at strengthening the credibility and effectiveness of carbon and nature credit markets. The initiative, now open for public consultation until 10 July 2025, is part of a broader strategy to position the UK as a global leader in green finance and to…
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Labour’s employment bill aims to strengthen workplace diversity protections
The UK government introduces legislation to reinforce diversity and inclusion efforts, countering trends of DEI rollbacks observed in other countries.
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BII launches SBTi-aligned net zero guidance for fund managers in emerging markets
British International Investment (BII), the UK’s development finance institution, has launched a new set of guidelines to help fund managers operating in emerging markets set and implement credible net-zero targets. The initiative is designed to align with global climate goals and provide practical tools specifically tailored to the regulatory and operational contexts of developing economies.…