ESG HUB > Swiss ESG News
H55 Raises $74 Million Investment from Quebec Government

Swiss electric aviation company H55 has raised CHF 65 million (USD 74 million) in a Series C funding round, with the Government of Quebec as a key investor. The funds will support North American expansion and final certification of H55’s propulsion battery pack by the end of 2024.

On Introduces Eco-Friendly LightSpray Shoe Technology

Swiss brand On introduced LightSpray, a new technology for creating running shoes. Developed in Zurich, this robotic process makes a single-piece upper in one step, cutting carbon emissions by 75% and using recyclable materials.

PrISMa: Advancing Carbon Capture Technology

Researchers from ETH Zurich, EPFL, and Heriot-Watt University have created the PrISMa platform. PrISMa uses AI and simulations to enhance carbon capture by evaluating materials, processes, economic viability, and environmental impacts.

CO2 Reduction through Cement Paste Recycling

Swiss researchers found that recycling cement waste reduces emissions by 15%. Using old concrete to permanently mineralize cement with CO2 from the air proved most effective among ten technologies. This method could have cut global emissions by 0.8% in 2020. The study, involving Empa and EPFL, highlights the potential of CO2 mineralized cement in reducing emissions from cement production.

New Low Carbon Coffee Variety Unveiled by Nestlé

Nestlé has introduced Star 4, a new Arabica coffee variety designed to withstand climate change and reduce greenhouse gas emissions. This high-yielding variety, resistant to coffee rust, ensures sustainable coffee farming.

Libattion Raises EUR 14M to Expand EV Battery Recycling

Swiss start-up Libattion has raised EUR 14 million to expand its business. The company repurposes electric vehicle batteries into energy storage systems called e-Racks, which range from 97 kWh to 60 MWh. This investment will help Libattion increase its global presence and address EV battery waste while offering sustainable energy storage solutions.

New Measures for Sustainable Soil Use in Switzerland

The Swiss Federal Council has published a report on the impacts of the Swiss Soil Strategy. Approved in 2020, the strategy aims for sustainable soil use by 2050. The report highlights positive long-term environmental effects, including improved biodiversity and water protection, despite short-term economic challenges.

Balenciaga Launches Eco-Friendly Sneakers Made from Bananatex

Balenciaga has launched a limited-edition Triple S sneaker made from Bananatex, a natural, circular, and plastic-free material by Swiss company Bananatex AG. Developed by Zurich-based QWSTION, Bananatex is biodegradable and Cradle to Cradle certified. This innovative material is produced from Abacá banana plants grown regeneratively.

Alpiq Sells Swiss Rooftop Solar Portfolio

Alpiq, a Swiss power producer, has sold its 5.5-MWp rooftop photovoltaic portfolio to PS Panneaux Solaires SA, focusing on core operations and renewable energy integration. The installations, located in Fribourg, Solothurn, and Vaud, produce 5.6 GWh of clean electricity annually.

New Insurance Coverage for Clean Hydrogen Projects Launched

Zurich Insurance Group and Aon have launched an insurance program for clean hydrogen projects, covering expenses up to $250 million. This initiative supports the development of green and blue hydrogen, crucial for cleaner energy transitions in high-emission sectors.