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Commitments to carbon neutrality keep coming from all corners of the business world — over the past few weeks, companies ranging from the fast-casual restaurant chain Sweetgreen to the security-focused networking IT company Palo Alto Networks to the online craft retailer Etsy committed to net-zero carbon emission plans.
The additional capital builds upon a $40 million a raise the company announced earlier this year, bringing its total funding since its 2017 inception to $100 million. Mighty Building’s self-proclaimed mission is to create “beautiful, sustainable and affordable” homes. We believe that we have a master plan now that can work.”
It started with a humble, natural wool (and extremely comfortable) shoe, but Allbirds is not merely an apparel company today. It has now become a materials innovation company disrupting how clothes are made. Sustainablecompanies are most likely to lead the next generation. The fashion industry alone dumps 2.1
Today, energy efficiency is gaining importance, not only for cutting costs but also as a vital step toward sustainable business practices. By optimizing energy consumption, companies can significantly reduce the cost of their infrastructure. Sustainable infrastructure is no longer optional–it’s essential.
As technology continues to take a larger role in corporate sustainability practices, CIOs can play a key role in driving both business value and environmental, social, and governance (ESG) performance. In fact, creating and implementing a comprehensive sustainable technology strategy must now be the core mission of a purpose-driven CIO.
million seed round, is looking to analyze and track not just how a company’s water use affects the local environment, but the mitigations that could help keep things wet when the seemingly inevitable crisis arrives. They started the company and took it through Y Combinator’s Summer 2021 cohort. Waterplan , armed with a $2.6
The company unveiled its next-generation 5G infrastructure, promising faster speeds, lower latency, and greater efficiency. The company also introduced its vision for 6G, emphasizing AI-driven networks that will redefine the future of connectivity.
Oracle has announced the launch of Oracle Fusion Cloud Sustainability — an app that integrates data from Oracle Fusion Cloud ERP and Oracle Fusion Cloud SCM , enabling analysis and reporting within Oracle Fusion Cloud Enterprise Performance Management (EPM) and Oracle Fusion Data Intelligence.
After taking a majority stake in Havn, the Jaguar-hatched electric car service in London, in February, Blacklane said that it will be using this latest round of funding to continue expanding sustainable travel initiatives, and to continue expanding its existing business with more flexible options for riding.
Environmental sustainability Dell Technologies and Equinix have developed joint solutions to support our customers in this critical area by enabling businesses to deploy their infrastructure on Dell architecture within Equinix’s low-carbon colocation infrastructure covered by 96% renewables globally1. CDP A-List is extremely prestigious.
Customer sentiment, evolving corporate values, and government regulation have converged to make sustainability a strategic priority for nearly every business. 1] Preparing for long-term sustainability has become a fundamental part of future-proofing your organization.
Juno , a proptech startup which aims to build more sustainable and affordable apartment buildings, has raised $20 million in a Series A funding round. Comcast Ventures, Khosla Ventures and Real Estate Technology (RET) Ventures co-led the financing, which brings the company’s total raised to $32 million since its 2019 inception.
Though it’s only a seed-stage company, the startup has already shipped five display coolers to beverage giant Coca Cola, TechCrunch+ has learned, and it’s on track to build another 55 that will be rented out for events. Magnets and water net Magnotherm $6.9M To capitalize on the opportunity, Magnotherm is announcing a seed round today.
The company announced Thursday the opening of its production facility, dubbed “Mega Ranch,” in Colorado. Tyler Huggins, co-founder and CEO of Meati Foods, told TechCrunch that the company wasn’t actively seeking additional capital, but had decided to keep the Series C round open due to additional investor interest.
Research from Accenture shows that 48% of companies say technology-enabled sustainability initiatives lead to more competitive products and enhanced customer service, and contribute to attracting top talent—all of which help drive increased revenues.
Startups and VC It’s a tough time to be a richly priced company that didn’t go public when the getting was good. Not only are there fewer later-stage players with the resources and appetite to support such companies (e.g., Not only are there fewer later-stage players with the resources and appetite to support such companies (e.g.,
American utility and power company AES launched a renewable energy program in mid-2022 that is not only reducing its carbon footprint but adding wealth to its coffer. million bump in 2023, and the company predicts the analytics and machine learning platform’s contribution will increase to $8 million in 2024.
Ericsson and Du, from Emirates Integrated Telecommunication Company (EITC) have partnered to support the communications service provider to enhance the sustainability of its networks and accelerate their transition to Net Zero by reducing network energy consumption and carbon emissions. CIO, Green IT
Industry dynamics around sustainability are constantly evolving, which makes them tough to navigate, with few guidelines, little oversight, and conflicting opinions on the “right approach” to climate action. Sustainability is a journey that requires innovation, perseverance, and collaboration.
When it comes to sustainable infrastructure development, technology is making terrific leaps and bounds. Streamlined, and indeed sustainable, it ain’t. Streamlined, and indeed sustainable, it ain’t. trillion per year investment gap in renewable infrastructure that is required in order to meet our net zero targets by 2050.
The company said the layoffs were part of “realigning our global workforce.” CEO Dennis Woodside said in an analyst call to discuss the earnings that Freshworks “ended the quarter with more than 69,600 total customers with a net add of more than 800 customers.” The reality is that a lot of companies did over hire at some point.
The deal could pave the way for a new business that would offer carbon capture and sequestration services to commercial enterprises around the world, if the joint venture between Climeworks and the newly formed Northern Lights company is successful. Corporate sustainability initiatives may open doors for carbon offset startups.
Sustainability & ESG are a business imperative, and in our FY23 ESG Report launched today, we share where we are making headway and where we need to accelerate progress. million pounds) of sustainable materials in our products and packaging. Brought more sustainable innovation to our business notebooks.
Since the Paris Agreement was signed in 2015, businesses have been taking part to contribute in pursuing net zero and achieve emission reduction targets. Sustainability performance information could only be gleaned by using a manual system to collect, consolidate, and analyze data.
But the decline in demand harmed both companies. This morning, let’s unpack their latest numbers to see if what the two companies are dangling in front of investors is worth desiring. This, from a company worth north of $112 billion, feels like a very small promise. We can see that in their full-year numbers.
“Our sustainability goals and key performance indicators are important to us. We recently connected with Arthur Schneider, Head of Sustainability Management at Bechtle to learn more about the company’ssustainability initiatives, what it means to be part of the VMware Zero Committed Initiative and what he sees in his work with customers.
In the energy and utilities sector, sustainability goals, such as Saudi Arabias Vision 2030 and UAEs Net Zero 2050, will drive investment in smart grids, renewable energy, and AI-driven energy efficiency solutions. Fintech hubs like Dubai and Riyadh will continue attracting global and regional players.
The company had previously raised £1 million in two rounds, including £500,000 from publicly-listed Auctus Alternative Investments. Noteworthy, Gophr’s co-founder and CEO, Seb Robert, tells me the 2015-founded company reached monthly net profitability around 3 years ago and was net profitable for the whole of last year.
Many consumers and companies want to reduce their impact on the environment but may not know where to start or how to sustain the necessary changes. He argues that sustainability and climate action doesn’t need to be complicated. want businesses to help them be more sustainable.
In response, oil and gas majors are making headway in terms of carbon reporting, net-zero targets, and accountability. Innovation underpins corporate sustainability efforts. In this article, we’ll share opportunities for oil and gas companies to increase sustainability while achieving other business benefits.
“Of course, I am OK to help our clients make more sustainable choices, but that is not what they expect of us, and I don’t feel equipped to have this kind of conversation with them.” This kind of objection should resonate with anyone who has embarked on the transition to net zero. Sound familiar? But that’s not enough.
ZeroAvia , the company that’s on a mission to move the world to zero-emission, hydrogen-fueled flight, has just received some corporate jet fuel in the form of a new $21.4 The company has established a partnership with British Airways and received a $16.3 million cash infusion. million grant from the U.K.
Helion Energy , a clean energy company committed to creating a new era of plentiful, zero-carbon electricity from fusion, today announced the close of its $0.5 Round-leader Altman has been involved in the company as an investor and chairman since 2015. ” TechCrunch was surprised to learn of the company’s $1.5
Reflections from Climate Week 2024: Why workplace services deserve a bigger slice of sustainability budgets Alan Connolly 10 Oct 2024 Facebook Twitter Linkedin As sustainability budgets grow, many companies are making significant investments in decarbonization, renewable energy, and broader environmental initiatives.
Decarbonising transportation through electrification is critical to helping companies and economies meet net-zero emissions targets. Fortunately, three forces are combining to make this vision for sustainable transportation a reality: connectivity, digitalisation, and cross-sector collaboration.
Our generation’s most valuable startups have all sustained a high rate of user/revenue growth over an extended period of time. As such, founders, employees and investors are all trying to figure out if their startup can achieve sustainable growth to create a large and enduring business over time.
Microsoft, which was looking for a company to advise it on its carbon reduction plans, came knocking, and Goldberg had a team with a strong science background ready to go. So they really wanted to understand why carbon removal is needed from a macro perspective, and then think through applying it to their own specific company requirements.”.
To get that picture, companies are increasingly turning to businesses like Sweep , which announced its commercial launch today. The Parisian company boasts a founding team with an impeccable pedigree in enterprise software. ” New Wave wasn’t the only investor wowed by the company’s prospects. .
The collaboration, which combines expertise in energy and technology, is set to support environmental and economic goals through renewable energy, carbon capture, and efficiency projects that reduce emissions and enable a sustainable future. Microsoft’s Vice Chair and President, Brad Smith, emphasized the need for a balanced approach.
Australian businesses need to transition to sustainable IT solutions to support these emerging technologies while staying in line with Australia’s new commitment to an emissions reduction target of 43 per cent and net zero emissions by 2050. It’s not just the public sector pushing companies to change.
Many companies claim they boast deeply transformative tools but what are they really accomplishing? So, despite being a sector with a strong concentration of AI leaders, fintech like 74% of companies across industries struggles to scale value. As it turns out, certain trends are more aspirational than practical. Heres what I mean.
The energy giant Shell has joined a slew of strategic investors — including All Nippon Airways, Suncor Energy, Mitsui and British Airways — in funding LanzaJet, the company commercializing a process to convert alcohol into jet fuel. . 4 sustainable industries where founders and VCs can see green by going green.
Sustainability is a major priority in business boardrooms already, and pressures from regulators, shareholders, board members and employees are likely to further drive this trend. Due to the complexity and scale of the challenge, not all businesses have the resources to move toward net-zero at the necessary pace, and many are lagging.
It is a pedigree that aligns well with the company’s ambitious call to action: “Security Connected Everything™.” COO Daniel Greengarten has focused the company on a core goal, but achieving it is but one indicator of success. How it is achieved is just as important – a distinction that requires a sustainable approach.
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