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Worldly acquires GoBlu to unify sustainability data systems. Worldly has acquired GoBlu, enhancing its capacity to track social and environmental performance in consumer goods supply chains, aiming to create a more cohesive and efficient system….
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Vycarb secures $5 million to scale carbon capture technology. The Brooklyn-based start-up aims to make carbon capture scalable and permanent, using ocean-based chemistry. The funds will expand their international deployment pipeline, focusing on cost-effective solutions for industrial sites….
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Brookfield raises $20 billion for clean energy transition fund. The Brookfield Global Transition Fund II exceeded its fundraising target, marking a record in private clean energy transition funds. The new fund has secured significant co-investment, bringing the total capital raised to $23.5 billion….
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ISO launches a new standard for biodiversity impact assessment. The standard aims to help organisations address biodiversity impacts and dependencies, responding to growing pressures. It offers a structured framework to integrate biodiversity into strategies and operations….
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Mars announces a major solar energy initiative in Poland. The company has partnered with GoldenPeaks Capital to develop over 100 solar projects, marking its first European venture under the Renewable Acceleration programme aimed at reducing its carbon footprint….
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Nuveen appoints Costas Papamantellos as Head of Energy Transition Investments. The appointment aligns with Nuveen’s launch of a Global Infrastructure Investment Platform, integrating several infrastructure-focused teams to enhance their clean energy initiatives. Papamantellos previously held senior roles at RWE….
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The European Commission delays sustainability reporting standards for non-EU firms. The delay is part of an effort to reduce regulatory burdens on companies and follows proposals to alter various EU regulations, impacting sustainability reporting requirements for non-EU entities….
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Many firms deploying AI have suffered losses before gains emerge. A new EY survey of 975 executives shows cumulative AI-risk losses of around US $4.4 billion, largely from compliance failures, biased models, and sustainability setbacks. But companies with mature responsible AI practices report stronger business outcomes.
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ESG is now seen as essential for business success. Business leaders globally recognise the intrinsic link between environmental and social factors and financial performance, integrating ESG into core strategies despite economic uncertainties, and showing increased confidence in meeting net-zero targets….
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TotalEnergies and Veolia expand partnership to promote clean energy. The collaboration aims to develop solutions for reducing emissions and conserving resources, leveraging TotalEnergies’ expertise in low-carbon energy and Veolia’s skills in water and waste management….