The European Central Bank (ECB) announced plans to extend the use of climate factors in the collateral framework to eligible loans to non-financial corporations, significantly expanding its initiative to adjust the value assigned to assets pledged by banks as collateral…
Germany-based testing, certification, auditing, and advisory services provider TÜV SÜD announced today the acquisition of climate impact verification platform SustainCERT, in a move aimed at expanding its capabilities in digital carbon verification and strengthening its position in global carbon markets.…
The European Financial Reporting Advisory Group (EFRAG) announced the release of its new Exposure Draft of the European Sustainability Reporting Standards for certain non-EU undertakings (ESRS-40a ED), outlining proposed sustainability reporting requirements for non-EU companies included in the scope of the…
This week in ESG news: California to limit initial supply chain emissions reporting requirements to key categories after companies raise cost, data concerns; EcoVadis opens up supply chain sustainability networking platform to all suppliers; BlackRock, Temasek JV leads funding round…
Business sustainability ratings and solutions provider EcoVadis announced the expansion of its peer-to-peer sustainable supply chain-focused platform, Community, to all procurement organizations and non-EcoVadis customers. Launched earlier this year, Community was established by EcoVadis as a platform to bring procurement…
BlackRock announced a collaboration with impact investing specialist Phenix Capital Group’s advisory arm PCG Impact, on a new offering aimed at helping institutional investors to build and manage impact portfolios that seek to generate sustainable outcomes alongside financial returns. According…
Global mining and metals company Rio Tinto announced today that it has signed a five-year offtake agreement with renewable biomass charcoal company SuperChar for the supply of locally produced bio pellets to assess its use as a replacement for coal…
Tokyo-based sustainability solutions provider Asuene announced today the acquisition of supply chain carbon management platform Secaro for approximately $37 million, in a deal described by Asuene as aimed at expanding its presence in the UK, European and US markets as…
Tokyo-based sustainability solutions platform Asuene announced that it has raised $87 million in a Series D funding round led by BlackRock and Temasek’ joint venture, Decarbonization Partners, with proceeds from the financing aimed at supporting the company’s position as a…
Brookfield Asset Management announced today an agreement to acquire Aypa Power, the largest standalone battery storage developer in North America, from Blackstone, in a deal valuing the company at an enterprise valuation of $7 billion. Founded in 2017, Aypa Power develops,…