Sustainable IT and Climate Tech News 25 October 2024: Blackstone, IBM Envizi, ITAD Market Forecast, More

Here is today’s sustainable IT services news, research and analysis -- written for technology partners, green IT service providers, CIOs, chief sustainability officers (CSOs) and climate accounting professionals.

A. Sustainable IT, Talent, Partnerships and Green Tech Alliances

1. Research - ITAD Market Growth Forecast: Two research firms predict rapid growth for the IT Asset Disposition (ITAD) market. But their forecasts contain vastly different financial figures. For instance:

• Allied Market Research predicts the global ITAD market will reach $57.4 billion by 2032 -- essentially an 11.5% CAGR (compound annual growth rate).
• SNS Insider Research predicts the global ITAD market will reach $40.9 billion by 2032, which represents a 9.3% CAGR according to SNS's financial modeling.

2. Research: The environmental sustainability market will shift from regulations to efficiency and savings in 2025, Forrester Research predicted.

3. Executive Leadership - Financial Services: MSCI Inc. has hired Richard Mattison as head of ESG and Climate. The role is designed to "empower investors to remain at the forefront of sustainable investing." Mattison previously was president of S&P Global’s sustainability unit. Earlier he was CEO of Trucost Plc, a climate analytics company that S&P Global acquired in 2016.

4. EV Chargers - Government Contract: Verdek has won a three-year contract to deploy ChargePoint EV chargers in the state of California.

5. AI Lawsuits: Perplexity intends to defend itself against a lawsuit filed filed The Wall Street Journal and the New York Post. Related: Generative AI lawsuits timeline and status updates.

B. Sustainability M&A, Climate Tech Investments, Funding and Green IT Business Launches

1. Investment - Solar Energy Projects: Blackstone has invested $288 million in Pine Gate Renewables. The money will support six Pinegate solar projects.

2. Complete M&A List: Here's our database of all M&A deals involving green IT and renewable energy buyers, sellers and investors.

C. Regional and Global Sustainability Policies and News

1. U.S. Government - ESG Software: IBM Envizi -- an ESG software suite -- received Fedramp authorization. That means Envizi software suite is available to U.S. federal agencies on the FedRAMP Marketplace. Customers and partners can find the software in the Analytics and Data Management business categories, IBM said. Related: IBM sustainability partner strategy and net-zero timeline.

2. Europe - Wind Energy Challenges: Europe is struggling to meet offshore wind energy production targets, Reuters reported.

D. Sustainable IT and Green Technology Conference Calendar

1. EHS and Sustainability Management Forum 2024 (October 27-30, Fort Worth, Texas)
2. GridTech Connect Forum 2024 (October 28-30, Newport, Rhode Island) 
3. Cisco Partner Summit 2024 (October 28-30, Los Angeles)
4. Verge 2024 (October 29-31, San Jose, California)
5. Bloom 2024 Biodiversity and Climate Conference (October 29-30)
6. Complete Calendar of Sustainability Conferences

E. Previous Updates & Future News

• Future Updates: If you have news to share then please email me the details.
• Did You Miss Yesterday's Daily Update?: Here is our previous sustainable IT, climate tech and renewable energy news for technology partners.