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Robeco Awarded $18 Billion Mandate for Dutch Pension Fund’s Shift to More Sustainability-Focused Strategy
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International asset manager Robeco announced that it has been awarded €15.4 billion (USD$18.1 billion) in investment mandates by pension investor PGGM on behalf of Dutch pension fund PFZW, as part of PZFW’s shift to from a passive strategy to one more focused on sustainability and active management. Under PFZW’s new Investment Policy 2030, the pension…
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EU to Provide €17.5 Billion Financing for Energy Efficiency, Decarbonization Projects for SMEs
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The European Investment Bank (EIB) announced today that it will provide €17.5 billion in funding over the next three years, supported by the European Commission, for the energy efficiency for small and medium-sized enterprises (SMEs) initiative. The EIB said that more than 350,000 businesses will receive support through the initiative, with the program backing energy…
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European Court Rules Nuclear, Fossil Gas Can be Included in EU Classification System of Sustainable Activities
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The EU’s General Court ruled that nuclear energy and fossil gas activities can be included in the EU Taxonomy, overruling objections from Austria aimed at keeping them out of the classification system of sustainable economic activities. In its decision, the court ruled that in its move to include nuclear and fossil gas in the taxonomy,…
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Sapphire Technologies Raises $18 Million to Turn Waste Energy into Clean Power
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Cleantech startup Sapphire Technologies announced that it has raised $18 million in a Series C funding round, with proceeds aimed at growing its business and expanding its clean energy technology. Founded in 2021, California-based Sapphire develops and manufactures energy recovery systems, including its turboexpander generator product FreeSpin, to convert energy wasted in pressure reduction processes…
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EU Lawmakers Adopt New Rules Requiring Fashion Brands to Pay to Collect and Recycle Clothes
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The European Parliament announced the adoption by lawmakers of a series of new rules aimed at preventing and reducing textile and food waste in the EU, including measures requiring textile producers to cover the cost of collecting, sorting and recycling their products. The announcement marks the last major legislative step in the revision of the…