This week in ESG news: Tesla removed from S&P 500 ESG index, Musk calls it a ‘scam’; new study reveals cost of climate disclosure; EU lawmakers look to regulate green bond market; Microsoft rolls out sustainability solutions suite; EU unveils €300 billion green energy transition strategy; Heinz to develop paper ketchup bottle; study finds public companies still housing ESG reporting data in spreadsheets; Canada’s sustainable finance council sets climate reporting implementation as top priority; Al Gore’s investment firm launches $1.7 billion sustainable solutions fund; shareholders push Home Depot for improved disclosure, strategy on deforestation; Nuveen launches impact strategy with $15 billion ambition, and more.

See below for the highlights of the past week, and get all your ESG news at ESG Today:

Sustainability Goals, Initiatives and Achievements

Shareholders Vote for Improved Deforestation Policies at Home Depot

TotalEnergies, New Hope Energy Partner on Advanced Plastic Recycling Plant in Texas

UK Plans First Ever Net Zero, 100% Sustainable Aviation Fuel-Powered Transatlantic Flight by End of Next Year

BP, Linde Plan Project to Capture & Store 15 Million Tons of Carbon on Texas Gulf Coast

Heinz Developing Paper Ketchup Bottle

Trane Launches Sustainability-Focused STEM Education Initiative

TotalEnergies Deploys Global Drone-Based System to Back up New Methane Emissions Goals

Government & Regulators

EU Unveils €300 Billion Plan to Scale Green Energy Transition, Cut Reliance on Russian Fossil Fuel

DOE Launches $3.5 Billion Direct Air Carbon Capture Program

New Zealand Unveils its First Emissions Reduction Plan

ESG Reporting & Disclosure

Canada Sets Mandatory Climate Disclosure as top Priority for Sustainable Finance Council

Regulators, Standard Setters Urged to Align ESG Reporting Initiatives

Study Reveals Cost of Climate Disclosure for Issuers and Investors

ESG Services and Tools

More than Half of Public Companies Still Housing ESG Data in Spreadsheets: EY Survey

Microsoft Announces Full Launch of Cloud-Based Sustainability Solutions Suite

Sustain.Life Raises $16 Million to Build Out SME-Focused Emissions Data and Reporting Platform

ESG Investing

Tesla Removed from S&P 500 ESG Index on Lack of Low Carbon Strategy, Controversy Risk

AXA IM Aligns 65% of AUM with Net Zero

Sustainable Finance

EU Lawmakers Move to Toughen, Expand Green Bond Rules

London Stock Exchange Provides Issuers with Access to Short-Term Sustainable Funding

Private Equity

Private Equity Tech Investor Vista to Have All Portfolio Companies Set GHG Reduction Targets This Year

Al Gore’s Generation Investment Launches $1.7 Billion Sustainable Solutions Fund

Energy Transition

Germany, Netherlands, Belgium and Denmark Sign €135 Billion Offshore Wind Pact to Deliver the “Green Power Plant of Europe”

Nutrien Plans to Build World’s Largest Clean Ammonia Facility

APG, OMERS, Acquire Energy Transition Platform Groendus

Exec Appointments

T. Rowe Price Appoints Poppy Allonby as Head of ESG Enablement

Fidelity International Appoints Ellie Tang Director, Sustainable Investing

Marsh McLennan Appoints Swenja Surminski as Managing Director of Climate and Sustainability

Nuveen Real Estate Appoints Nadir Settles Global Head of Impact Investing, Eyes $15 Billion Opportunity

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