This week in ESG news: Pressure builds on US banks to phase out financing for fossil fuels; ECB launches indicators for banks and investors to track climate risk; Microsoft enters massive deal for solar panels; BMW reduces new vehicle emissions almost 10% in 2022; Red states move to block ESG investing in pension plans; U.S. Bank appoints its first head of sustainable finance; ESG driving asset allocation to real assets; Emirates tests plane with 100% sustainable aviation fuel powered-engine; PRI releases new responsible investing reporting framework; execs say sustainability strategy hasn’t reached supply chain yet; capital raises for green steel, hydrogen-powered mobility, emissions detection tech, 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

Alaska Airlines Ends Use of Plastic Cups on Flights

BMW Reduces Vehicle Fleet Carbon Emissions by 9% in 2022

Guest Post: ESG isn’t About Altruism – it’s About Survival

Lenovo, Kuehne+Nagel Partner on Solution to Offset Shipping Emissions with SAF Purchases

Emirates to Conduct Flight Using 100% Sustainable Aviation Fuel-Powered Engine

Government & Regulators

ECB Launches New Financed Emissions and Sustainable Finance Indicators to Track Climate Risk

Red States Sue to Stop Biden Administration Rule Allowing ESG Investing in $12 Trillion of Retirement Plans

Guest Post: Why Governments Must Encourage More Investment in Green Infrastructure, Now!

ESG Reporting & Disclosure

Canada’s BDC Launches ESG Reporting Tool for Venture Investors

ESG Services and Tools

Broadridge Launches Tool Enabling Companies to Compare ESG Performance Against Peers

ESG Investing

PRI Updates Responsible Investment Reporting Framework for Investors

responsAbility Raises $274 Million for Sustainable Food Strategies

Ontario Teachers Pension Plan Sets Expectation for 40% Women Representation on Boards

Putnam Expands Active ETF Suite with New ESG Funds

Sustainable Finance

India’s Inaugural Green Bond Earns ‘Greenium’ on Solid Demand

Big Banks Targeted with Shareholder Resolutions Demanding Fossil Fuel Financing Phase-out, Climate Transition Plans

NYC Pension Funds Announce Proposals at Big Banks for Tougher Emissions Goals for Lending and Underwriting

Eni Doubles Sustainability-Linked Bond Offering to €2 Billion On “Extraordinary” Demand

Private Equity & Venture Capital

ArcelorMittal Leads $120 Million Capital Raise for Green Steel Startup Boston Metal

Methane Emissions Detection Platform Kuva Raises $11 Million

ECL Raises $7 Million to Build Zero Emissions, Green-Hydrogen Powered Data Center

Energy Transition

Carlyle, Schneider Electric JV to Provide Massive Rooftop Solar Array for New JFK Airport Terminal

Qcells to Supply Over 2.5 GW of Solar Panels for Microsoft’s Clean Energy Projects

VINCI Invests €15 Million in Hydrogen-Powered Taxi Operator Hype

Exec Moves

Credit Suisse Asset Management Appoints Christine Chow as Head of Active Ownership

Fifth Wall Hires Alok Sindher to Target Climate Infrastructure Investments, Heather McGeory to Head ESG & Climate Partnerships

Pinterest Appoints LeMia Jenkins Thompson as its First Chief Public Affairs and Sustainability Officer

U.S. Bank Appoints its First Head of Sustainable Finance

Reports, Studies & Surveys

Only Half of Procurement Execs Say Supply Chain Sustainability Strategy Aligned with Corporate ESG Goals: Survey

ESG Emerging as a Key Driver of Growing Investor Allocation to Real Assets: Survey

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