Month: April 2023

WFW advises Navigator on ‘women in leadership’ linked loan

Stuart Mitchell

Watson Farley & Williams (“WFW”) has advised Navigator Holdings (“Navigator”) on a US$200m loan agreed with a syndicate of lenders, led by ABN AMRO Bank and Nordea and including SEB and BNPP, for the financing of ten vessels. Highlighting the ever-increasing importance of the sector’s focus on achieving its ESG goals, the loan agreement notably included a sustainability-linked margin adjustment with not only a KPI linked to fleet environmental criteria, but a second KPI linked to the number of women in leadership roles at Navigator, one of the first KPIs…

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17 Innovators Highlight Investment to Solve Global Water Challenges

Stuart Mitchell

Seventeen organizations have joined forces to support the United Nations (UN) Water Action Agenda, pledging to invest $11 billion in water innovation over the next five years. The collective commitment was announced at an event organized by water technology company Xylem and the Kingdom of the Netherlands, convened during the UN 2023 Water Conference. The pledges will be included in the Water Action Agenda, a collection of all water-related commitments to accelerate progress on UN Sustainable Development Goal 6 targeting Water and Sanitation. Executives from Xylem, Veolia, XPV, Hydraloop International,…

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CarbonCapture Inc. to Supply Microsoft Carbon Removal Credits Based on Direct Air Capture Technology

Stuart Mitchell

CarbonCapture Inc. (CarbonCapture), a U.S. climate tech company that develops direct air capture (DAC) systems based on a groundbreaking modular open systems architecture, today announced an agreement with Microsoft Corp. (Nasdaq: MSFT) (Microsoft) to provide engineered carbon removal credits. “We’re thrilled to help Microsoft move toward its commitment to be carbon negative by 2030 and to remove all of its historic CO2 emissions by 2050,” said Adrian Corless, CEO and CTO, CarbonCapture, Inc. “Validation of CarbonCapture’s scalable approach to DAC from a forward-thinking company like Microsoft is an important signal…

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Study reveals more than half of Brits don’t want to go back to the office as UK marks three years since lockdown

Stuart Mitchell

More than half of UK workers have rejected the idea of working in an office again, research conducted to mark the third anniversary of the UK entering Covid-19 lockdown has revealed.  The statistic emerged from a UK-wide national survey commissioned by global asynchronous video interview platform Willo to gauge how working habits in the UK have changed since the first lockdown was introduced to combat the spread of Covid-19 on March 23, 2020.   Some 56% of people in the UK said lockdown had made them unlikely to consider working from…

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New Data Shows UK Essential Workers Face Devastating Food Insecurity Levels

Stuart Mitchell

New data from The Food Foundation shows huge numbers of essential workers in the UK are struggling to access enough food. A quarter (24.9%) of households in which NHS or social care workers live experienced food insecurity in January 2023, as did more than a quarter (25.8%) of households home to food sector workers and more than a fifth (21.1%) of households home to education workers. These figures come in the midst of the NHS and education unions dispute with Government calling for wage increases to keep up with rising…

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