This week in ESG news: Goldman Sachs charged by SEC over ESG funds; Switzerland adopts mandatory climate reporting; UK regulator to develop code of conduct for ESG ratings and data providers; Amundi reclassifies nearly all Article 9 funds to lower sustainability level; Nespresso launches compostable coffee capsules; Google to hit 90% carbon-free energy in UK & Spain; HCLTech to upskill all 220,000 employees on ESG; EU regulator proposes ESG labelling rules for funds; Morgan Stanley launches fund with 1 billion ton emissions reduction goal; DOL allows climate and ESG investing in retirement plans; Microsoft signs major wind and solar energy purchase deals in Ireland, 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

HCLTech Launches Sustainability School to Upskill all 220,000 Employees on ESG

DHL Develops 400,000 Square Meter Carbon Neutral Logistics Warehouse Portfolio

Climeworks, Gulf Coast Sequestration Partner to Remove & Store 1 Million Tons of CO2

Nespresso Introduces Paper-Based Compostable Coffee Capsules

Air Canada Invests Nearly $7 Million in Climate Solutions Provider Carbon Engineering

COP27: Breakthrough on Funding Repair of Climate Damage, Frustration on Fighting Climate Change

Government & Regulators

EU Commission Unveils €380 Million in Funding for Climate, Biodiversity & Clean Energy Projects

California Announces $3.6 Billion in Funding for Zero-Emission Vehicles and Chargers

DOL Allows Climate and ESG Investing in Retirement Plans

EU Lawmakers Adopt Gender Balance Law for Corporate Boards

EU Markets Regulator Proposes ESG Labelling Rules for Funds

ESG Reporting & Disclosure

Switzerland Adopts Law Requiring Mandatory Climate Reporting for Public Companies, Banks

ESG Services and Tools

UK Regulator to Develop Code of Conduct for ESG Data and Ratings Providers

MSCI Launches Solution for EU Banks to Meet Upcoming ESG and Climate Disclosure Requirements

Experian Launches Solution Providing Lenders with ESG ratings, Emissions Estimate for SMEs

ESG Investing

Amundi Reclassifies Almost All of its $45 Billion Article 9 Funds to Lower Sustainability Level

SEC Charges Goldman Sachs for Not Following ESG Investment Policies

Schroders Launches Real Estate Impact Fund

Morgan Stanley Ties Incentive Comp on New Climate Investment Platform to Emissions Reduction Goals

Sustainable Finance

Mercedes-Benz Becomes First Automotive Company to Issue a Green Panda Bond in China

Private Equity & Venture Capital

Swell Energy Raises $120 Million to Build Out Virtual Power Plant Program

Clean Hydrogen Startup Syzygy Raises $76 Million

Schneider Electric Backs new $500 Million Climate and Industrial Tech Venture Fund

Energy Transition

New Microsoft Wind and Solar Deals to Contribute Nearly 30% of Ireland’s Renewable Energy Target

Google to Reach 90% Carbon Free Energy in UK and Spain Through New Wind & Solar Deals

Enel Enters US Renewable Energy Retail Market

RAF Completes Milestone Flight Using 100% Sustainable Aviation Fuel

Exec Moves

M&G Real Estate Appoints Laura Jockers as Head of ESG

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