UBS banks on carbon removal deal with Climeworks to support net zero transition

The financial services company has partnered with the Swiss direct air capture specialist to help offset its unavoidable carbon emissions

Swiss perfume giant Firmenich receives SBTi approval for net zero target

In 2020, Firmenich was said to have become the first company in its industry to achieve 100% renewable electricity worldwide

Varo Energy commits to net zero by 2040

The downstream energy firm is looking to invest heavily into ‘sustainable energies’

‘Mammoth’ new facility to suck 36,000 tons of carbon annually from the air in Iceland

Climeworks’ new direct air capture plant will have a nominal carbon dioxide capture capacity of 36,000 tons per year when fully operational, with the aim of removing gigatons of CO2 from the atmosphere each year by 2050

Zurich Insurance commits to net zero by 2030

It has brought the target forward from 2050

Bernmobil teams up with Siemens to drive sustainable bus transport

It supports the company’s goal for a climate-neutral bus network with 100% electrically powered vehicles by 2035

Swiss fragrance company Firmenich targets carbon neutrality by 2025

It also aims to have carbon positive operations and become water neutral in water-stressed areas by 2030

Switzerland allocates £38m for solar initiatives

The funds aim to support the expansion of photovoltaic technologies despite the current coronavirus crisis

innogy Ventures invests in Swiss smart mobility tech firm

The insights provided by Teralytics’ platform are expected to support the global shift towards electric vehicles

ENGIE takes over Swiss energy solutions provider tiko

Its platform allows customers to group all their electrical devices in a virtual power plant and help manage fluctuations on the grid