BoE Raises Climate Risk Management Expectations for Banks, Insurers
The Bank of England (BoE) announced today a series of proposals strengthening its expectations for banks’ and insurers’ management of climate-related risks, after finding...
H&M-Backed Syre to Build “Gigascale” Textile-to-Textile Recycling Plant in Vietnam
Circular economy startup Syre announced that it has signed an agreement with the province of Binh Dinh, Vietnam with the intention to establish the...
Microsoft Signs 335 MW Wind Power Purchase Agreement in West Virginia
Clean energy developer and operator Clearway announced a new long-term power purchase agreement with Microsoft, providing the tech giant with 335 MW of energy...
Cleantech Startup Remora Partners with Norfolk Southern, Union Pacific to Capture Carbon from Trains
Cleantech startup Remora announced that it is expanding its solution to capture carbon from vehicles and share revenues from the sale of the captured...
Datamaran Launches Double Materiality Assessment Solution
ESG-focused software analytics platform provider Datamaran announced the launch of DMA Evaluate, a new tool aimed at enabling companies to continuously update their double...
Stonepeak Acquires $340 Million Stake in U.S. Solar Portfolio from Repsol
New York-based alternative investment firm Stonepeak announced that it acquired a 46.3% stake in a U.S. solar and storage portfolio from Spanish energy company...
DePoly Raises $23 Million to Turn Hard-to-Recycle Plastics into New Raw Materials
Chemical recycling startup DePoly has raised $23 million with proceeds to be used to support the scaling of its technology to tackle hard-to-recycle plastics....
RBC Drops $500 Billion Sustainable Finance Target
Royal Bank of Canada (RBC) announced that it has decided to drop its target to mobilize $500 billion in sustainable finance, and has held...
Pioneer Raises $1.2 Billion for Article 9 Sustainable Infrastructure Fund
London-based sustainable infrastructure investment firm Pioneer Point Partners announced that it has raised over €1.1 billion (USD$1.2 billion) for its second sustainable institutional fund,...
FCA Halts Plan to Introduce Sustainability Disclosure Requirements and Investment Labels for Portfolio Managers
The Financial Conduct Authority (FCA), the conduct regulator for financial services firms and financial markets in the UK, announced that it would not currently...