Tokio Marine Holdings, Inc.8766
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Tokio Marine makes strategic investment in Kita, expanding partnership
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Tokio Marine Holdings, Inc.Theme Impact 1
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KitaPrivate▲ Positive
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Kita secures strategic investment from Tokio Marine and expands collaboration
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Alphabet Backs Terradot Carbon Removal Project Scaling Tenfold
Alphabet backed its biggest carbon-removal project yet through Terradot, Reuters reported Wednesday, even as its shares slipped approximately 0.9% to $341.72. Terradot plans to deploy enhanced-weathering material across more than 200,000 hectares of rice fields in Brazil, targeting one million metric tons of methane-abatement credits by 2030 and another one million tons of carbon-removal credits by 2040, a removal target roughly ten times the scale of earlier rock-weathering projects. Google already owns an equity stake in Terradot, giving it exposure not just as a buyer of credits but as a financial backer of the technology itself. A 2024 Terradot transaction implied a removal cost of about $300 per ton, while developers see roughly $100 as a level that could unlock much broader adoption, though pricing for Google's latest agreement has not been disclosed. Alphabet's $341.72 share price stands 34.54% above its GF Value estimate of $253.99, putting more pressure on Google's massive AI and infrastructure spending to translate into durable growth.
KBANK injects 600 million baht to back Beacon VC's push into 3 ESG startup projects
Beacon Venture Capital, the venture arm of Kasikornbank, is pressing ahead with investments through the Beacon Impact Fund, part of the bank's sustainable lending and investment allocation. The fund has already deployed a total of 17 million US dollars, or roughly 600 million baht, to generate measurable positive impact on ESG dimensions and to scale its reach across Southeast Asia and other regions worldwide. For 2025, the Beacon Impact Fund has announced additional strategic investments in three key projects: Quantified Energy, a Singapore startup that leads in solar panel inspection technology for utility-scale solar farms using an automated drone-based electroluminescence mapping solution, which set a world record by inspecting more than 1 million solar panels within three weeks; Arkadiah Technology, a Singapore startup offering end-to-end reforestation project development to reduce carbon dioxide through a digital monitoring, reporting, and verification system powered by artificial intelligence; and Raisewell Ventures, a social impact fund from Silicon Valley focused on investing in deep-tech startups in the United States and Southeast Asia, with a strategic emphasis on Thailand in three main areas: climate technology, manufacturing and supply chain, and health technology.
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EA delivers 57,327 ITMOs in carbon credits to Switzerland's KliK Foundation
Energy Absolute, or EA, disclosed that the Bangkok E-Bus Programme has delivered 57,327 ITMOs in carbon credits under the international cooperation mechanism to the KliK Foundation in Switzerland, bringing the project's cumulative deliveries to 108,960 ITMOs. These ITMOs represent greenhouse gas reductions that have been measured, verified and certified to standard, and have been approved for international transfer under Article 6.2 of the Paris Agreement to support Switzerland's NDC targets. The project puts more than 2,000 electric buses into service in Bangkok and its vicinity, replacing diesel and natural gas buses. Chatchapol Sripratum, Chief Executive Officer of EA, said this achievement shows that the transition to clean energy can deliver real environmental, social and economic results, and that the company is ready to build on its know-how, technology and partnerships to expand its Green Energy Ecosystem into other sectors.