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The UK Government has officially approved the Sizewell C nuclear power plant, marking the first majority British-owned nuclear facility announcement in over 30 years. The Chancellor will announce £14.2 billion in funding at the GMB Congress, adding to the £3.6 billion already invested, bringing the total government investment to £17.8 billion. Sizewell C is a…
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Global management consultancy Bain & Company has formed a strategic partnership with Terralytiq, a startup specialising in supply chain decarbonisation intelligence solutions. This collaboration aims to help businesses optimise their supply chains by reducing both carbon emissions and costs, ultimately facilitating the delivery of products with lower carbon footprints. Established in 2023, Terralytiq offers a…
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Macquarie Asset Management and British Columbia Investment Management Corporation (BCI) have announced the completion of their acquisition of the European waste-to-product company Renewi, in a deal valuing the company at approximately £707 million ($957 million USD). Based in the UK, Renewi specialises in extracting value from waste and used materials, diverting waste from incineration or…
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Carbon removal technology firm Aircapture has announced a $50 million Series A funding round, aimed at scaling its Direct Air Capture (DAC) systems to capture and recycle CO2 at industrial sites. Founded in 2019, the California-based company provides modular on-site DAC machines that extract CO2 from the atmosphere, making it available for customers’ production processes.…
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Honeywell UOP, Johnson Matthey, GIDARA Energy, and SAMSUNG E&C have announced the formation of an alliance aimed at developing new technology to accelerate sustainable aviation fuel (SAF) production and reduce costs. Fuel is a major contributor to emissions in the aviation sector. SAF, generally derived from sustainable resources like waste oils and agricultural residues, is…
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Nippon Steel has revealed a significant investment plan amounting to ¥870 billion (approximately £4.9 billion) to transition its steelmaking processes in Japan from traditional blast furnaces to electric arc furnace (EAF) technology. This strategic shift is part of its efforts to substantially decrease carbon emissions in steel production, a sector known for its high CO2…
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Global digital services and consulting firm Infosys has unveiled a new set of commitments under its updated sustainability strategy, “Infosys ESG Vision 2030.” This includes an ambitious goal to become carbon negative by the end of the decade, aiming to absorb more greenhouse gases than it emits. Infosys introduced its ESG Vision 2030 strategy in…
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Flexible workspaces are reshaping local economies and modern business resilience.
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Alternative asset management firm TPG has announced that its climate investment platform, TPG Rise Climate, will acquire a majority stake in Aurora Energy Research, a UK-based power market analytics provider. Aurora Energy Research, established in 2013 by University of Oxford professors and economists, offers power market forecasting and analytics to aid significant investment and financial…
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Oxford University’s Saïd Business School and the accounting organisations AICPA & CIMA have announced the launch of the Sustainability Reporting and ESG Data Management Programme. This new executive management course focuses on strategies for sustainability reporting. Amir Amel-Zadeh, Associate Professor of Accounting at Saïd Business School, stated that this initiative arises as companies encounter new…