This week in ESG news: ECB gives banks until 2024 to deal with climate risk; ISSB to require climate scenario analysis in new reporting standard; Nasdaq commits to 95% Scope 3 emissions reduction; Honeywell says 90% of companies increasing environmental sustainability budgets; Amazon invests in women-led climate tech; Vanguard launches climate transition-focused fund; Google sources 1 GW of renewable energy; Deloitte says 800 million jobs exposed to climate risk; capital raises for Scope 3 measurement solutions, climate tech funds, distributed solar; Singapore raises climate goals ahead of COP27; fewer than 10% of companies on track to hit climate goals; $4.3 trillion in listed debt exposed to environmental risk, 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

Nasdaq Commits to Reduce Scope 3 Emissions 95% by 2050

Amazon Commits $50 Million to Invest in Women-led Climate Tech Companies

McKinsey Launches Council Focused on Decarbonizing the Built Environment

Oxy Sources Land to Store up to 3 Billion Tons of Captured Carbon

Over 90% of Companies Planning to Increase Environmental Sustainability Budget Over Next Year: Honeywell

Government & Regulators

ECB Gives Banks Deadlines to Manage Climate and Environmental Risks

EU Commits €3 Billion to Invest in Energy & Industrial Decarbonization Projects

Singapore to Ramp Climate Goals at COP27, Launches National Hydrogen Strategy

ESG Reporting & Disclosure

ISSB to Require Climate-related Scenario Analysis Under IFRS’ Climate Disclosure Standard

Guest Post: Private Companies are Facing a New Era of Climate Transparency

ESG Services and Tools

Building Intelligence Company Infogrid Acquires ESG Analytics Provider Aquicore

ESG Investing

Vanguard Launches Fund Investing in Low-Carbon Transition Opportunities

LeapFrog Investments Launches Climate Mitigation & Adaptation Investment Strategy

BlackRock to Begin Extending Voting Choice to Individual Investors

Orchard Street Ties Fees on New Impact Fund to Performance on Sustainability Objectives

Nuveen Launches Global Timberland Strategy Targeting Natural Climate Solutions

Bloomberg Launches Suite of Indices Tracking Green, Social & Sustainability Bonds

Sustainable Finance

PIMCO Calls for More Ambitious, Material Goals for Sustainability-Linked Bonds

Global $100 Billion Climate Finance Goal Expected to be Met in 2023: Report

Guest Post: Gaining Specialist Clarity on ESG in Fixed Income

Private Equity & Venture Capital

Carlyle Invests $350 Million in Distributed Solar & Storage Platform Aspen Power

Supply Chain Visibility Platform project44 Raises $80 Million to Build Scope 3 Measurement System

BDC Launches $400 Million Climate Tech Fund

Blackstone Cites Decarbonization-Driven Growth in Deal for Emerson’s $14 Billion HVAC & Refrigeration Business

Energy Transition

Google Sources Nearly 1 GW of Solar Energy from SoftBank’s Renewables Platform

Equinor Acquires Solar Developer BeGreen

Macquarie Acquires 140 GWh Bioenergy Portfolio from BayWa r.e.

Exec Moves

L Catterton Appoints Tehmina Haider and Michael O’Leary to Lead New Impact Investing Strategy

Reports, Studies & Surveys

Deloitte: Policy Action, Investment in Workforce Required to Tap $43 Trillion Net Zero Transition Opportunity

Moody’s: Debt Exposed to High Environmental Credit Risk Rises to $4.3 Trillion

Accenture: Less than One in Ten Companies on Track to Hit Climate Goals, but Momentum is Building

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