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: G7 leaders form ‘climate club,’ pledge $600 billion for sustainable infrastructure; U.S. Supreme Court decision puts nation’s climate strategy at risk; EY appoints global head for climate & sustainability practice; hundreds of investors to engage companies to report on environmentalEnvironmental criteria consider how a company performs as a steward of nature. impact; Switzerland launches climate scores for investment products & portfolios; GRI launches sustainability disclosure standard for agriculture sectors; Fifth Third ramps sustainable finance goals; first-ever 100% sustainable aviation fuel-powered flight completed; PVH, HSBC launch sustainable supply chain finance program, 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
Urgent Corporate Action on Deforestation Needed to Meet Climate Goals: Report
Global Real Estate Investor Hines Targets Net Zero from Buildings Without Offsets
Climeworks Launches Massive Direct Air Capture Plant in Iceland
Euronext to Require Science-Based Emissions Reduction Targets from Suppliers
Neste, ATR, Braathens Operate First 100% Sustainable Aviation Fuel-Powered Flight
Government & Regulators
Supreme Court Decision a Big Setback for US Climate Strategy
G7 Leaders Pledge to Mobilize $600 Billion for Sustainable Infrastructure in Emerging Markets
Climate Watchdog Warns of “Major Risks” of UK Missing Net Zero Goals
G7 to Launch “Climate Club” to Coordinate Decarbonization, Address Carbon Leakage
European Council Agrees on Tougher Renewables, Energy Efficiency Targets for EU
EU Markets Regulator Releases ESG Ratings Market Assessment as Part of Process to Regulate Sector
ESG Reporting & Disclosure
Switzerland Launches Climate Scores for Investment Products and Portfolios
GRI Unveils Sustainability Reporting Standard for Agriculture, Fishing Sectors
Guest Post – ESG Reporting: Can CFOs Really Help to Repair the Planet?
$31 Trillion Investor Group Urges High Impact Risk Companies to Report Climate, Forest, Water Data
ESG Services and Tools
ESG & IR Advisory Clermont Acquired by H.I.G. Capital’s Riveron
Sustainalytics Acquires Property-Level Climate Risk Data Provider Aquantix
KYC Provider Fenergo Launches ESG Compliance Solution for Financial Institutions
Nasdaq to Provide Exchange Technology to Power CIX’s Carbon Credit Platform
Real Estate ESG Data Provider Deepki Acquires Building Sustainability Platform Fabriq
Guest Post: ESG Risks in the Supply Chain and Identifying Weaknesses
ESG Investing
responsAbility, ESG-AM Launch Bond Fund Targeting Industrial Decarbonization Leaders
Amundi Launches Corporate Green Bond Fund
DWS Launches ETF Providing Exposure to US Equities Aligned with Net Zero Pathway
Nuveen to Target Major Emitters Alongside Climate Leaders in New Net Zero Transition Fund
Sustainable Finance
Fifth Third Ramps Sustainable Finance Goal to $100 Billion
Guest Post: How Can Oil & Gas Transition to Carbon Negativity Using Alternative Finance?
HSBC, PVH Launch Sustainable Supply Chain Finance Program
Private Equity & Venture Capital
Fast Charge EV Provider Electra Raises €160 Million
Cleantech Startup Cleartrace Raises $20 Million to Scale Carbon Tracking Platform
Energy Dome Raises $11 Million to Ramp its CO2-Based Utility-Scale Energy Storage Solution
Clean Energy Company Intersect Raises $750 Million to Scale Renewables, Storage & Hydrogen Capacity
Ara Partners Acquires Sustainable Packaging Provider Petainer
Low Carbon Proptech Tech Startup Vestack Raises Over €10 Million
Energy Transition
LyondellBasell Signs Purchase Agreements for 216 MW of Solar & Wind Energy in U.S.
Kraft Heinz Purchases Renewable Energy to Power Most of US Manufacturing
Equinor, SSE Acquire Triton Power, with Plans to Convert Major Gas Plant to Low Carbon Hydrogen
Exec Appointments
EY Appoints Matthew Bell as Global Leader of Climate Change and Sustainability Services Team
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