EnviroSpark Energy Gets $50M for EV Charging Expansion
BCG Partners with World Energy for Sustainable Aviation Fuel
Teva Pharmaceutical Sets Ambitious Sustainability Goals
Electricity Maps Raises $5.4M for Decarbonisation Solutions
Market Recap
Indices were mostly flat for the week, although the ACWI ESG Screened ESG strategy led the way with a 0.12% gain.
(1 week performance from 08/04/24 to 12/04/24)
EV Charging Solutions Provider EnviroSpark Raises $50 Million
Electric vehicle (EV) solutions startup EnviroSpark Energy Solutions announced a $50 million investment from infrastructure-focused investor Basalt Infrastructure Partners, with proceeds to be used to expand its charging network across the U.S.
Founded in 2014, Atlanta-based EnviroSpark provides solutions aimed at addressing the pain points of property owners and drivers by enhancing EV accessibility, with services ranging from consultation & site design, engineering and permitting to installation, operation and maintenance and driver & app support. The company currently owns and operates more than 8,200 installations of charging plugs across North America.
Sustainable Aviation Fuel Deal to Eliminate 100,000 Tons of CO2
Boston Consulting Group (BCG) and low carbon solutions provider World Energy announced today a new 5-year agreement for the purchase by BCG of sustainable aviation fuel certificates (SAFc) as part of the company’s efforts to achieve its net zero climate goals.
The agreement marks BCG’s largest SAFc purchase to date, and is expected to deliver an emissions reduction of 100,000 metric tons of CO2 over the next five years.
Teva Commits to Net Zero and 100% Renewable Energy
Teva Pharmaceutical have announced a series of new sustainability goals, including targets to achieve net zero emissions across the company’s operations and value chain by 2045 and to reach 100% renewable electricity across all Teva sites by 2035.
The new goals were announced alongside the release of Teva’s 2023 Healthy Future Report, outlining the company’s initiatives under its “Healthy Futures” sustainability strategy.
Electricity Maps Raises $5 Million to Scale Electricity Optimisation Solution
Climate tech startup Electricity Maps has raised €5 million (USD$5.4 million), with proceeds aimed at supporting the expansion of its solutions to map global electricity grids and support data-driven decarbonisation of the energy sector.
Founded in 2016, Copenhagen-based Electricity Maps provides companies with data quantifying the carbon intensity and origin of electricity. It also helps users understand and reduce the carbon footprint of their electricity usage. The company’s solutions can be used to help companies disclose the carbon footprint of their electricity usage on a granular level, and to plan energy usage for times when more green electricity is available on the grid.
Sources.
Anthony Walters – Head of ESG at Clever Adviser Technology Ltd (Clever)
Market recap Data sourced from FE FundInfo & Koyfin (quoted in Pounds Sterling).
EV Charging Solutions Provider EnviroSpark Raises $50 Million, by ESG today, 07/05/24
BCG Signs Sustainable Aviation Fuel Deal to Eliminate 100,000 Tons of CO2 Emissions by ESG today, 07/05/24
Teva Commits to Net Zero Across Value Chain, 100% Renewable Energy by ESG Today 07/05/24
Climate Tech Startup Electricity Maps Raises $5 Million to Scale Electricity Optimization Solutions, by ESG today 07/05/24
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