Carbon removal project developer Deep Sky announced the delivery of the first certified direct air capture (DAC) carbon removal credits in North America to offtakers Microsoft and Royal Bank of Canada (RBC). Founded in 2022, Montreal-based Deep Sky was established…
Guest post by: Takehiro Kawahara, Aviation Specialist at BloombergNEF Rising environmental compliance costs are set to squeeze airline profitability over the next decade, as sustainable aviation fuel (SAF) mandates and carbon pricing policies tighten. BloombergNEF estimates those costs could reach…
Generation Investment Management, a sustainability-focused investment firm chaired by former U.S. Vice President Al Gore, announced today the close of Sustainable Private Equity Fund II (SPEF II), raising more than $1 billion for the sustainable transformation-focused fund. The fund is…
The World Bank Group announced that it will extend its Climate Change Action Plan, its strategy to support countries and private sector clients to address climate and development challenges together, but that it will also retire a key target committing…
Food technology company Protein Brewery announced today that it has raised €18 million (USD$20.5 million) in an extension of its Series B funding round, led by new investor ABN AMRO Sustainable Impact Funds, bringing the company’s total funding raised to…
Amazon announced a new investment in biofuels-focused biotechnology company GranBio, aimed at accelerating the development and commercialization its technology that converts forestry residues and construction waste into sustainable aviation fuel (SAF). According to Amazon, the investment forms part of its…
The IFRS Foundation’s International Sustainability Standards Board (ISSB) has proposed allowing companies to use Taskforce on Nature-related Financial Disclosures (TNFD) disclosure metrics to help meet nature-related disclosure requirements, and confirmed that it will draw on the TNFD framework in developing…
McDonald’s has appointed Suheily Natal Davis as its new Chief Sustainability, Social Impact & Inclusion Officer. The appointment marks an expansion of the company’s top sustainability role to incorporate inclusion, with Natal Davis succeeding Chief Sustainability & Social Impact Officer…
China’s National Development and Reform Commission and the National Energy Administration announced a series of energy system goals under a new 5-year plan, including plans for non-fossil energy to become the primary electricity source at 50% of total power generation,…
Paris-based asset manager Eiffel Investment Group announced the launch of Eiffel Impact Debt III, the third vintage of its impact private credit fund, aimed at financing the growth of mid-sized European companies while accelerating their environmental and social transition, using…