Mona Dohle

CDP, a global environmental standards body, has struck a private equity deal that will split its operations into two separate organisations. The global disclosure system used by investors and corporates to assess carbon and environmental impact has struck a deal with private equity firm Permira to launch a commercial entity providing data and disclosure systems. The new entity will operate alongside the CDP Foundation, which will focus on driving the strategic principles for disclosure.

In 2025, the John Ellerman Foundation decided to update its exclusions policies, opting to eliminate primary market capital for fossil fuel infrastructure, thermal coal, tar sands and indirect investments in tobacco from its portfolios. The fossil fuel divestment targets are part of the Foundation’s ambition to become net zero by 2050 with an interim target to halve its carbon footprint by 2030.

The world’s largest banks continue to expand financing of the fossil fuel industry, with more than $906bn committed to fossil fuel finance in 2025 alone, according to the latest Banking on Climate Chaos Report released today.