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Sustainability and Green IT News for Technology Partners: 03 August 2023

August 3, 2023 by Joe Panettieri

Here is today’s sustainability news, research and analysis for technology partners, renewable energy and green IT companies, management consultants, CIOs, chief sustainability officers (CSOs) and c-suite members.

Got News to Share? Email me the details.

A. Sustainable Technology, Talent, Partnerships and Alliances

1. Corporate ESG Reports: Our database of corporate sustainability reports now spans 263 companies.

2. Software Platform - ESG Investing: BuildESG has launched a software platform for limited partners. BuildRI provides limited partners with "visibility into the responsible investment and ESG processes, programs and policies of alternative investment managers," Build ESG said.

3. Building Decarbonization: WattCarbon debuted an energy transition marketplace, a "platform for leveraging building decarbonization as an explicit climate strategy," the company said.

4. Executive Leadership: EVgo, which develops a fast-charging network for electric vehicles (EV), has named Badar Khan to succeed Cathy Zoi as CEO in November 2023.

5. Talent: The American Clean Power Association (ACP) has hired Bahaa Seireg as senior director of energy storage. Seireg will lead policy and advocacy initiatives that promote energy storage deployment while engaging directly with stakeholders to advance the sector, ACP said.

6. Earnings - Energy Integrator: Quanta Services revenues were $5.05 billion in Q2 of 2023, up from $4.23 billion in Q2 of 2022. Moreover, net income was $165.9 million, up from $88 million in Q2 of 2022. Quanta Services designs, installs and repairs energy and communications infrastructure.

7. Earnings - Sustainable Mobility: Aptiv revenues were $5.2 billion in Q2 of 2023, up 28% from $4.06 billion in Q2 of 2022. Net income was $246 million, compared to a $72 million net loss in Q2 of 2022.

8. Earnings - Solar and Energy Storage Services: Sunrun revenue was $590.2 million in Q2 of 2023, up 1% from Q2 of 2022. Net loss was $340.7 million, which was larger than a $209.7 million net loss in Q2 of 2022.

B. Sustainability Podcasts, Conversations and Interviews

1. Data Center Sustainability StrategiesFeaturing Robert Burger, office of the CTO, Schneider Electric.

2. Small Business Carbon Accounting Trends: Featuring Alexis Normand, CEO, Greenly.

3. Coming Soon - Smart Buildings and Energy-Efficient Commercial Real Estate : Featuring Sam Ramadori, CEO, BrainBox AI. Coming soon.

4. Who's Next?: Do you want to potentially share your views on the Sustainable Tech Partner podcast? Email your request to Joe Panettieri, founder of Mentore Ventures and Sustainable Tech Partner (Joe@MentoreVentures.com).

C. Sustainability M&A, Investments and Funding

1. Fund: LG Electronics and sustainable investing specialist Clearbrook are collaborating in NOVA Prime Fund -- a venture capital fund with a target of more than $100 million.

2. Fund: Breakthrough Energy Ventures, the prolific climate tech VC firm supported by Bill Gates, is in the process of raising its third fund, Breakthrough Energy Ventures III, Axois reported.

3. M&A: Morrow Sodali has acquired HXE Partners, an ESG strategy and implementation advisory firm. This is the third Morrow acquisition since private equity firm TPG acquired a majority stake in Morrow in April 2023.

4. All M&A Activity: Our M&A database has now tracked 114 mergers and acquisitions involving sustainability so far in 2023. See all M&A deals involving sustainability listed here.

D. Regional and Global Sustainability Policies and News

1. Global - Climate Disclosure Audits to Counter Greenwashing: A global body proposed its first set of comprehensive rules for auditing climate-related company disclosures in an anticipated move regulators have said is crucial for giving investors information free of greenwashing, Reuters reported.

2. U.S. Climate Policy: ClimateVoice, a nonprofit that aims to use corporate climate goals to influence climate policymaking, launched a campaign pushing tech companies including Amazon, Google, Microsoft and Meta to end their membership with the U.S. Chamber of Commerce, The Washington Post reported. The reason: ClimateVoice objects to the chamber's history of lobbying against major climate initiatives across Congress and the executive branch, the report said.

3. United Kingdom - Renewable Energy Subsidies: The UK may need to overhaul its renewable energy subsidy auctions to deliver on its net zero target, according to the head of utility SSE PLC, Bloomberg reported.

4. United Kingdom - ESG Investing: Investors in Britain have pulled more than 1 billion pounds ($1.3 billion) from environmental and social-focused funds since May 2023, as cash continues to flow into investments perceived as safe harbours such as bonds and money market funds, Reuters reported.

E. Sustainability and Green Technology Conference Calendar

  1. ASES Solar 2023 Conference (August 8-11, Boulder, Colorado)
  2. MEMA Sustainability Summit (August 15, Troy, Michigan)
  3. World ESG Summit 2023 (August 21-22, Kuala Lumpur, Malaysia)
  4. Google Cloud Next 2023 Partner and Customer Conference (August 29-21, San Francisco)
  5. Sustainability Live 2023 (September 6-7, London, United Kingdom)
  6. International Conference on Sustainable Development - ICSD 2023 (Rome, Italy)
  7. Complete Calendar of Sustainability Conferences

F. Previous Updates & Future News

1. Did You Miss Yesterday's Daily Update?: Here is our previous sustainability, green IT and renewable energy news for technology partners.

2. Future Updates: Send Us Your News Tips. Please email me the details.

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