CleverAdviser
– Welsh Tech Firm Tackles Carbon Crisis with Graphene Innovation
– Standard Chartered Links Cash to Green Goals with ESG Account
– EQT Bets Big on Sustainability with AMCS Acquisition
– Microsoft Simplifies ESG Reporting with New Multi-Framework Tool
Welsh Tech Firm Pioneering The Use of Graphene
West Wales based technology company Haydale has announced a potential breakthrough in the rapidly evolving carbon capture technology sector.
It is working with Florida-based start-up Carbon Capture LLC (CCL) on a feasibility study to build and deliver an initial prototype device. This will aim to provide proof of concept that carbon dioxide can be removed from the atmosphere and stored for later release in a controlled environment.
Standard Chartered Introduces ESG-Linked Cash Account
Standard Chartered has unveiled an innovative ESG-linked Cash Account, designed to reward corporate banking clients who achieve significant environmental, social, and governance (ESG) goals. This new offering ties credit balance interest rates and fee pricing directly to a client’s ESG performance, encouraging businesses to set and meet ambitious targets.
The ESG-linked Cash Account will initially launch in Hong Kong and Singapore, with plans to expand to additional markets in the near future, signalling Standard Chartered’s dedication to fostering sustainable business practices globally.
EQT Acquires Majority Stake in Sustainability Software
Private equity and venture capital investor EQT Group announced today an agreement to acquire a majority stake in resource-intensive industry-focused performance and sustainability software provider AMCS.
Founded in 2003, Ireland-based AMCS provides cloud-based and AI-enabled planning, performance, safety and sustainability focused software, aimed at enabling resource-intensive industries – including waste management, recycling, transportation, manufacturing, and utilities – to boost sustainability and profitability.
According to EQT, the acquisition comes as AMCS’ markets are benefiting from secular tailwinds, including a shift to greater circularity in supply chains with resources increasingly recycled, digitization of industrial companies, and cloud software adoption, as well as increasing regulatory and sustainability reporting requirements.
EQT will invest in AMCS through its flagship private equity fund, EQT X, and through its impact-driven, longer-hold fund, EQT Future.
Rio Tinto, BHP, Qantas Invest $53 Million in New Nature-Based Carbon Credit Fund
Carbon assets and investment manager Silva Capital announced today the launch of the Silva Carbon Origination Fund, aimed at providing access to large-scale, high-integrity carbon credits from nature-based projects in Australia targeting reforestation and sustainable agriculture.
Alongside the launch, Silva announced the first close of the fund, with mining companies Rio Tinto and BHP and airline company Qantas collectively committing A$80 million (USD$53 million) as foundation investors. Silva said that the fund ultimately aims to raise A$250 million.
Microsoft Unveils New Multi-Framework ESG Reporting Solution
Microsoft announced Project ESG Reporting, a new tool aimed at enabling companies to create, review and approve ESG reports across multiple standards and frameworks.
According to Microsoft, the new solution, currently in preview, was designed to help organisations solve the challenge of reporting against a variety of voluntary and regulatory reporting frameworks. In a post announcing the launch of Project ESG Reporting, Brandon Potter, Director for Microsoft Cloud for Sustainability, said: “ESG disclosure reporting can be a complex and challenging process for companies. For example, there is no global standardisation in ESG reporting, which makes it difficult to know what metrics to report and how to structure disclosures.”
Alongside the preview launch of Project ESG Reporting, Microsoft also announced a series of new reporting-focused features within Sustainability Manager, which forms part of Microsoft’s Cloud for Sustainability platform.
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Sources.
Anthony Walters – Head of ESG at Clever Adviser Technology Ltd (Clever)
ESG Today, ESG News, Business-live
