#112 SEC Targeting Greenwashing
See you at our Startup Showcase on June 22! We have four companies sharing about renewable energy in Latin America and a variety of circularity innovations. RSVP Here.
Filecoin Green, an initiative to decarbonize the Filecoin network, launched its $1 million Green Grants Program to support ReFi projects that intend to transform financial structures with carbon-neutral, sustainable initiatives. Learn more here.
📚 Worth Reading
SEC is targeting greenwashing and putting words to actions. The regulator is looking at investment funds and watching the statements that managers are making about ESG. The two main rules that have been proposed: Names Rule and the ESG Disclosure Rule.
Names Rule is around “addressing names of registered investment companies and business development companies that are likely to mislead investors about a fund’s investment and risks.”
ESG Disclosure Rule calls for “financial sector to provide meaningful environmental information to governments and the investing public.”
🚀 Funding and Congrats!
Sustainability ratings company EcoVadis raised $500 million in Series C financing.
Founders Factory launched a new £100 million climate tech fund called Planet Fund.
Materra raised a $4.5 million seed round. The agtech company is focused on producing sustainable cotton.
C-Zero, a Santa Barbara-based clean energy company that has developed technology for natural gas decarbonization, raised $34M in funding.
Overair, a Santa Ana-based electric vertical takeoff and landing vehicle company, raised $145M in funding.
Green Badger, a Savannah-based SaaS developer for managing sustainable construction, raised $1.1m in seed funding.
Travertine Technologies, Inc., a Boulder-based a carbon dioxide removal and industrial chemical production company, raised $3M in seed financing.
Suzano, a São Paulo-based hardwood pulp producer and developer of sustainable and innovative solutions from renewable sources, has launched a USD 70m corporate venture fund.
💡 Startup Spotlight
C-Zero: converting natural gas into hydrogen and solid carbon
Michael Walton: creating sustainable communities
Brian Graff: beautifying solar
Justin Whitehead: investing in a greener future
Find and share your open positions on the Understory Slack channel.
🆕 Summer Digital Marketing Internship at Rochelle Porter Design
🆕 Sustainable Agriculture Writer at Scriptoria Solutions
🆕 Senior Mechanical Engineer at Charm Industrial
🆕 Senior Analyst Sustainability and ESG at JetBlue
🆕 Regional Business Leader, Sustainability Strategy at Microsoft
🆕 Knowledge Expert - Climate and Sustainability at BCG
🆕 ESG/Sustainability Director at CBRE Investment Management
🆕 Aladdin Business, Sustainability, Vice President at BlackRock
EV Sales Advisor at Spring Free EV
Strategic Engagement Manager at Partnership for Inclusive Innovation
Project Manager at Mango Materials
Data Acquisition Manager at Seqana
Director of Utility Sales at Bloc Power
Deputy Vice President of Programs at ClimateWorks Foundation
Project Manager in Sustainability at infogr8
Operations Coordinator at Re Company
Multiple Roles at Virtual Peaker
Scientist Roles at Project Drawdown
Engineering roles at Sunairio
Multiple roles at Pani Energy
Senior Mechanical Engineer at Charge Robotics
Product Manager, Low-Carbon Aviation at Google Climate Research
Environmental Program Officer- Thriving Communities at Patagonia
June 22: Access to Green Tech
Do you have any events to share? Post them in our Understory Slack community.