UAE-based clean energy-focused developer Masdar announced that it has secured a $5.1 billion financing package, reaching financial close to build one of the largest solar and battery storage projects in the world, capable of delivering 1GW of continuous clean power. Described…
This week in ESG news: EU Commission adopts finalized CSRD and voluntary sustainability reporting standards; Google, McKinsey, Tencent sign large-scale nature-based carbon removal deals; 3M’s new Chief Sustainability Officer; EU lawmakers vote to expand CBAM carbon import tax; Canada looks…
Private equity and venture capital investor EQT Group announced the acquisition of U.S. power and AI infrastructure development platform Copia Power from private capital investment firm The Carlyle Group. Carlyle launched Copia in 2021, with the acquisition of a 6…
Sustainability and business risk software company ESG Playbook announced the launch of Essential Worksheets and Premium Modules, two new sustainability reporting product tiers targeted at small and mid-sized businesses. According to ESG Playbook, the new solutions come as smaller businesses…
Brazil-based meat giant JBS Foods, the largest global producer of beef and poultry, revealed that it has retired its goal to achieve net zero emissions across its value chain by 2040, and replaced it with goals that no longer include…
Circular fashion marketplace startup Fleek announced that it has raised $25 million in a Series B funding round, with proceeds to be used to develop AI-powered technology enabling the second-hand fashion industry scale to meet growing demand. Founded in 2021…
Canadian climate-focused investor initiative Business Future Pathways (BFP) announced the release of a new draft of the methodology underlying the development of Canada’s Sustainable Finance Taxonomy, its upcoming categorization system aimed at helping investors to identify sustainable investments, and to…
Sustainable finance-focused ratings and research provider EthiFinance and sustainability data and technology company ESG Book announced a merger transaction aimed at creating one of Europe’s largest, independent credit and sustainability rating agencies. The companies said that the new entity will…
Aerospace giant Airbus and aircraft engine manufacturer MTU Aero Engines announced the launch of a new joint venture focused on the development and commercialization of the first hydrogen-based fuel cell propulsion system for commercial aircraft. The aviation industry accounts for…
French energy giant TotalEnergies announced today that it has divested its distributed solar generation activities in Europe, selling all of its distributed solar assets in 7 countries to renewable energy companies Amarenco and AMPYR Distributed Energy. In a statement announcing…