Here’s the Daily ESG Digest for January 14th, Friday.
1. (Europe) Carbon Removal. Carbonfuture has gained a huge vote of confidence in its ability to deliver on its promise of “carbon removal you can trust,” with investors putting $2.8 million in seed funding into the company. The investment round was led by Übermorgen Ventures, which was joined by early-stage investor seed + speed Ventures, impact investor Wi Venture, plus existing investors and additional business angels. (Link)
2. (Asia) First Carbon-Neutral Olympics. China will be making its best attempt at holding a carbon-neutral Olympics as it deploys a range of different types of renewable energy, among other strategies it is adopting for the Winter games in Beijing. (Link)
3. (North America) Automotive Recycling. Aluminum rolling and recycling company Novelis announced today plans to invest $365 million to build an automotive recycling center, which is expected to reduce the company’s carbon emissions by more than one million tons each year. The new facility will be built adjacent to Novelis’ existing automotive finishing plant in Guthrie, Kentucky. (Link)
Check out all articles and reports related to Sustainability and Impact Investment on our official LinkedIn Page.