Here is today’s sustainability news, research and analysis for technology partners, management consultants, CIOs, chief sustainability officers (CSOs) and c-suite members.
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A. Sustainable Technology, Talent, Partnerships and Alliances
1. New Corporate Sustainability Reports: Our database tracking corporate sustainability reports and associated net-zero goals now spans 140 companies and organizations. Today's additions include Avantor and CBRE.
2. Chief Sustainability Officer: Lara B. Fowler, a teaching professor of law at Penn State Law and researcher with expertise centering on water, energy, agriculture and dispute resolution, has been named director of the Sustainability Institute at Penn State and the University’s chief sustainability officer, the university said. Related: See 240 CSOs listed here.
3. Carbon Scoring Software APIs: Greenly – which develops a carbon accounting platform -- has launched Open Carbon API. The API assigns companies a score to "make it easy for anyone to check how transparent it is on its carbon emissions," Greenly said.
4. IT Automation Software: Atlassian has a new guide for navigating the net zero economy, amounting to a how-to-book for business leaders looking to keep tabs on and report their climate impacts, according to Axios.
5. IT Consulting - 6G and Wireless Sustainability: Capgemini has launched a 6G research lab in Gurugram, India. The lab will build advanced test beds and simulators to explore use cases for next generation wireless networks, 6G ideation, and the "creation of energy saving solutions," Capgemini said.
6. How to Avoid Greenwashing: Vodafone Group and Nestlé have set up panels of experts to double check environmental claims before they appear on products and marketing, a move by the multinationals to avoid allegations of so-called greenwashing, The Wall Street Journal reported.
7. Financial Services: Vine Strategy, a financial services firm, has launched portfolio management services tailored specifically for green energy technologies.
8. Research: While energy and natural resources executives remain bullish on their long-term ambitions toward net zero, they anticipate a short-term slowdown in the rate of decarbonization due to turmoil in energy markets over the past year, according to Bain & Company's third annual Global Energy and Natural Resources report, launched today.
9. Buildings: Ameresco, a cleantech integrator specializing in energy efficiency and renewable energy, is nearing completion of a sustainable deconstruction project with the City of Boulder, Colorado. The deconstructed building materials will be used for a new fire station and other city projects. These efforts are part of the City of Boulder’s overall goal to divert 85% of its waste from landfills by 2025, Ameresco said.
B. Sustainability M&A, Funding and Investments
1. M&A - ESG & Supply Chain Management Software: Source Intelligence, a developer of supply chain compliance and ESG management software, has acquired ChainPoint, a software platform for monitoring supply chains. ChainPoint's cloud-based software allows companies to manage and share product, process, and supplier information from raw material to finished product, the seller said. Financial terms of the deal were not disclosed.
2. M&A - Water Technology: Lummus Technology is acquiring certain water solutions from Siemens Energy. The technologies address water and wastewater needs of the oil and gas industry using carbon adsorption, biological treatment and hydrothermal processes. Financial terms of the deal were not disclosed.
3. Investment - Battery Supply Chain: LG Energy Solution, a global lithium-ion battery manufacturer, is investing in Green Technology Metals. The deal allows LG to tap into Green Technology Metal's North America-focused multi-asset lithium supply chain business.
C. Regional and Global Sustainability News
1. United States - New York Solar Power: New York state's power grid met about 20% of its electricity demand with energy from the sun for one hour in mid-May 2023, marking the highest ever output from solar generation, Reuters reported.
2. United States - New York Wind Power: GE Vernova will invest $50 million at its Schenectady, New York, facility and hire approximately 200 new full-time employees including skilled union operators, manufacturing engineers, and front line leadership to establish a new manufacturing assembly line for its onshore wind business. The site will assemble three key components for GE Vernova’s 6.1 MW turbine.
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