ESG Today: Week in Review
This week in ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. news: International Sustainability Standards Board unveils proposed climate and sustainability disclosure rules; Apple allocates billions of green financing to clean energy, low-carbon materials; Nasdaq launches first indices to track price of removing carbon from atmosphere; Canada unveils 2030 climate strategy; Proposed new rules to overhaul & expand EU green investment taxonomy; BASF to roll out net zero products to help customers decarbonize supply chain; British Airways powers flights with sustainable aviation fuel; New EU rules to improve environmentalEnvironmental criteria consider how a company performs as a steward of nature. impact of products; abrdn toughens diversity expectations for portfolio companies, and more.
See below for the highlights of the past week, and get all your ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. news at ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. Today:
Sustainability Goals, Initiatives and Achievements
Zurich Turns to Nature-Based Solutions to Accelerate Climate Goals by 20 Years
PepsiCo Launches Initiative to Help Small Businesses in Supply Chain Access Renewable Energy
Chemical Giant BASF to Offer Net Zero Products to Lower Customers’ Product Carbon Footprint
Marsh McLennan Commits to Net Zero Operations by 2050
Government & Regulators
Canada Unveils 2030 Climate Plan, Outlines Billions in Emissions Reduction Investments
EU Proposes Rules to Address Environmental Impact of Consumer Products
ESG Reporting & Disclosure
IFRS Releases First Draft of ISSB’s New Sustainability and Climate Disclosure Standards
EU Taxonomy Overhaul Proposed with Expanded Environmental Impact Categories
ESG Services and Tools
Real Estate ESG Consultancy Evora Global Plans Asia, North America Expansion
ESG Playbook, Native Energy Partner to Offer ESG Reporting and Sustainability Solutions
Interactive Brokers Launches Carbon Offsetting Tool for Investors
ESG Investing
Climate Action 100+ Assessment of Major Emitters Reveals Big Gaps in Climate Strategies
Scottish Widows Divests £1.5 Billion Holdings in Tobacco, Fossil Fuel Companies
S&P DJI, JPX Launch ESG-Oriented Versions of Japan’s TOPIX 500 Index
Sustainable Finance
JPMorgan, Techstars to Invest $80 Million in Diverse, Underrepresented Entrepreneurs
CIBC to Slash Emissions Resulting from Oil & Gas Sector Financing
EQT Links Interest on €1.5 Billion Bonds to Portfolio Companies’ Climate Goals
Apple Allocates $3 Billion Green Bond Proceeds to New Carbon Free Materials, Clean Energy
Private Markets & Venture Capital
Carlyle Establishes CEO Network to Advance DEI Initiatives across its portfolio
abrdn Says it Will Vote Against Companies Who Do Not Meet Diversity Expectations
Shopify Partners to Help Scale Carbon Removal Tech Startups
Venture Investor Evok Raises $300 Million for Decarbonization Tech Fund
Carbon Markets
European Markets Regulator Makes Recommendations to Improve EU Carbon Market Transparency
Nasdaq Launches World’s First Indices Tracking the Price of Removing Carbon from the Atmosphere
TMX’s Trayport, IncubEx, Launch Carbon Marketplace
Energy Transition
British Airways to Begin Powering Some Flights with Sustainable Aviation Fuel
Crédit Agricole, AXA, Invest Nearly $4 Billion for 50% Stake in World’s Largest Offshore Wind Farm
Exec Appointments
HSBC Picks Up Infrastructure Team from AMP Capital to Launch ESG-Integrated Fund
Reports, Studies & Surveys
BCG/INSEAD Board Survey: Nearly Half of Directors Lack Tools for ESG Oversight
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