This week in ESG news: McKinsey launches program to upskill clients on climate & sustainability; Scope 3 emissions requirements confirmed for IFRS’ climate disclosure standard; HSBC climate ads called misleading, banned by regulator; Lloyd’s bank becomes first in UK to end new oil and gas financing; BlackRock launches “core sustainable holding” ESG fund; capital raises for decarbonized steel, AI sustainability solutions; sustainable supply chain startup, renewable energy; CDP reports surge in environmental disclosure; another state jumps on anti-ESG bandwagon; EY, Microsoft partner on ESG data solutions, 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

KPMG Survey: Most Companies Now Acknowledge Climate Risk, But Less than 1 in 5 Quantify Impact

Google Partners with Cities Including London, Paris to Pursue 24/7 Carbon Free Energy

Dow Launches Circular & Renewable Solutions Platform to Support New 3 Million Ton/Year Goal

Government & Regulators

Regulator Bans HSBC Ads Highlighting Green Activities as Misleading

Biden Admin Awards $2.8 Billion to Projects to Scale U.S. Battery Supply Chain

Missouri Jumps on Anti-ESG Bandwagon, Pulling $500 Million from BlackRock

EU Council Approves Rules to Improve Gender Balance on Listed Company Boards

ESG Reporting & Disclosure

ISSB Confirms Scope 3 Emissions Will Be Included in IFRS’ Climate Disclosure Standard

CDP Reports Surge in Companies Disclosing Environmental Data as Mandatory Reporting Nears

Guest Post: Putting Climate Disclosures on a Level Playing Field

ESG Services and Tools

EY, Microsoft Partner to Develop Decarbonization and ESG Data Solutions

McKinsey Launches “Sustainability Academy” to Help Clients Upskill on Climate and Sustainability

Guest Post: Scope 3 Emissions Management Is About Engagement, Data, and Decisiveness

ESG Investing

BlackRock Launches Multi-Asset ESG Fund, Designed as a “Core Sustainable Holding”

Guest Post: The Impact of ESG on Proxy Season and Proxy Voting

Sustainable Finance

Lloyds Bank Becomes First in UK to Commit to End Financing of New Oil & Gas Projects

Private Equity & Venture Capital

H2 Green Steel Raises $260 Million to Build Low Emissions Steel Plant

Sustainability Intelligence Startup Continue AI Raises $5.7 Million

Sustainable Supply Chain Solutions Startup Makersite Raises $18 Million

Macquarie Backs Renewables Developer Falck with €100 Million Financing

Energy Transition

BMW Investing $1.7 Billion in U.S. EV and Battery Capacity

bp Acquires Landfill Gas-to-Bioenergy Company Archaea for $4.1 Billion

Exec Moves

BNY Mellon Investor Solutions Appoints Manisha Ali as Head of Responsible Investing

RMI Appoints Jon Creyts as New CEO

The post ESG Today: Week in Review appeared first on ESG Today.