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Green Finance

Football Star Chris Smalling Is Making It Easy For Fellow Celebrities To Invest In Planet-Friendly Startups

4 Mins Read Chris Smalling, AC Roma centre-back and former England football team professional, has launched a global investment consultancy. ForGood is a joint venture between Smalling, activist investor Sebastiano Cossia Castiglioni and B-Corp creative agency founder Rebecca Wheeler. Fellow international sportspeople, celebrities and musicians are invited to participate, becoming ‘Changemakers’ in the process of investing. ForGood will […]

HSBC Responsible Investing Head Stuart Kirk Compares Climate Change to Y2K

4 Mins Read Stuart Kirk, HSBC Asset Management’s (HSBC AM) global head of responsible investing has raised eyebrows following a speech at a Financial Times event. At the Moral Money gathering, hosted on May 19, he compared the climate crisis to the Y2K bug before stating that investors don’t need to worry about climate change. Kirk doubled down […]

Is HSBC About To Get Hung Out To Dry For Greenwashing?

4 Mins Read U.K. advertising watchdog, the Advertising Standards Authority, is in the midst of deciding whether or not to caution HSBC over “misleading” adverts. The campaigns in question allude to climate action by the major financial institution while omitting key data about its own emissions. If an official warning is issued, it will be the first time […]

Vegan Startup Growth & Investment Platform Vevolution Secures $330,000 For Fintech Improvements And Expansion

3 Mins Read London-based Vevolution has bagged $330,000 in a seed raise. The round was led by Capital V, Kale United and CULT Food Science. Funding has been earmarked for tech improvements, portfolio expansion and continued support of the plant-based and cellular agriculture industries.  Vevolution offers a diverse platform for all plant-based or cell-based companies. It facilitates investments, […]

VegTech Invest Launches Its First Plant-Based ETF On The New York Stock Exchange

3 Mins Read The VegTech Plant-based Innovation & Climate ETF has been unveiled. Launching on the New York Stock Exchange, it features a portfolio of 37 publicly-traded companies. Each is immersed in plant-based innovations including ingredient development and animal-free product design.  Companies included in the ETF have been selected for their commitments to addressing issues such as the […]

Robert Downey Jr. Backs Open-Sourced Science Funding For The Planet With A Focus On CellAg & Indigenous Knowledge

3 Mins Read Ironman actor Robert Downey Jr. and David Lang have co-authored an essay published in Fast Company. In it, they discuss the flagrant shortcomings of scientific funding models and explain how “risky explorations” can be progressed, with public support. The underlying motivation is to fund research that matters, without waiting for academic funding partnerships. It’s a […]

World’s First Vegan ETF Outperforms S&P For Second Consecutive Year

3 Mins Read The US Vegan Climate ETF, the world’s first and only vegan exchange traded fund to date, has celebrated two years of its launch. For the second consecutive year, the fund has outperformed the S&P 500 Index, demonstrating the profit potential of ethical and sustainable investing.  The US Vegan Climate ETF, listed under the New York […]

Credit Suisse Raises US$318 Million Climate Fund To Fuel Sustainable Tech

3 Mins Read Credit Suisse has managed to raise US$318 million for its fund dedicated to tech-forward climate solutions. The successful close of the Climate Innovation Fund, despite a scandal-ridden few months for the Swiss investment bank, is indicative of the strong demand from investors for sustainable finance.  Credit Suisse announced in late May the closing of its […]

New Data Shows Rampant Greenwashing In Sustainable Finance, With ESG Funds ‘Stuffed’ Full OF Fossil Fuel Stocks

3 Mins Read As sustainable investing gains momentum, more funds touting themselves as “green” are misleading investors. According to a report published by the Economist, some of the world’s biggest ESG funds are “stuffed full of polluters and sin stocks”, suggesting widespread greenwashing practices in the realm of sustainable finance.  Sustainable investing has been steadily gaining momentum globally, […]

Pea Protein Milk Startup Vly Raises US$7.4M Series A To Drive Growth Across Europe

3 Mins Read Alternative dairy foodtech startup Vly, which creates milk from pea protein, has raised EUR€6.1M(approx. US$7.4M) in a Series A round led by Five Seasons Ventures. The capital raised will help the company scale its R&D and drive growth across the DACH region (Germany, Austria and Switzerland) and into new European markets, including the United Kingdom. […]

EU-Based Secondhand Clothing Marketplace Vinted Raises US$303M With New US$4.5B Valuation

4 Mins Read Clothing and home goods marketplace Vinted recently announced that it closed an all-equity round of EUR€250M (approx. US$303M), and as a result, the company’s value now stands at approx. US$4.5 billion, a significant jump from its end 2019 value of US$1 billion valuation. The European startup’s round was led by purpose-driven global investment firm EQT Growth […]

Global Accelerator-VC Rockstart Closes Its AgriFood Fund At €22M To Power A Regenerative & Sustainable Future

3 Mins Read In a recent announcement, global accelerator-VC Rockstart closed its AgriFood fund at €22m (approx. US$26M), exceeding its initial target, and this will help the firm to invest in more agritech and foodtech startups as well as co-invest in its AgriFood portfolio companies till series B. Amsterdam-based Rockstart’s fund saw support from Vaekstfonden’s Green Future Fund […]

Center for Contemporary Sciences Partners With GlassWall Syndicate To Fund Alternatives To Animal Testing

3 Mins Read Non-profit organization Center for Contemporary Sciences(CCS) recently announced its partnership with GlassWall Syndicate to provide financial assistance to those companies that are developing technologies or products that refrain from animal-testing and instead choose alternative sustainable testing methods. Launched in 2020, CCS works on innovative and evidence-based research methods with its foundation in human biology and strives to […]

‘Chevron Is Not An Evil Company’: Warren Buffett Rejects Climate & Diversity Shareholder Resolution At Berkshire Annual Meeting

4 Mins Read Warren Buffett helped to reject a shareholder resolution that would push his multinational conglomerate Berkshire Hathaway to inform investors about climate risks. In addition to defending the dirty oil and gas industry, the billionaire CEO also tore down a resolution that called for greater diversity and inclusion efforts, putting the old-fashioned firm out of step […]

Green Finance: Hongkong Land Signs HKD$6.85B Sustainability-Linked Loans

4 Mins Read Property investment and development group Hongkong Land recently announced that it signed sustainability-linked loans worth HKD$6.85B (approx. US$882M) in alignment with its commitment to sustainability. Before this announcement, Hongkong Land, one of Asia’s leading real estate group that manages more than 850,000 square metres of property across Hong Kong, Singapore, Beijing, and Jakarta, had signed […]

Agrosingularity: Spanish FoodTech Secures €1M To Produce Natural Upcycled Ingredients For The Food Industry

3 Mins Read Environmental impact firm Agrosingularity recently closed a EUR€1.07m (approx. US$1.2m) seed investment round to scale up its production of ingredients that enables food manufacturers to employ natural and sustainable solutions in its formulations. The round was led by Tech Transfer Agrifood, a fund managed by Clave Capital; Tokavi Activos and Ship2B, through its Equity4Good impact […]