This week in ESG news: EU launches green industrial plan to counter US Inflation Reduction Act; California lawmakers propose rule requiring full value chain emissions disclosure from companies; survey finds large majority of companies boosting spend this year on sustainability initiatives despite headwinds; Amazon sets corporate renewable energy record; climate group accuses Shell of greenwashing; JPMorgan sees carbon credit value in timberland purchase; $11 trillion investor group says carbon removal no longer counts towards net zero goals; Moody’s sees 2023 sustainable bond rebound; Uber & Lyft required to have zero emissions New York fleets by 2030, 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

Amazon Sets Renewable Energy Record with Over 8GW of New Capacity in 2022

Valero, Darling to Invest $315M for One of the World’s Largest Sustainable Aviation Fuel Projects

Over 85% of Companies Plan to Increase Spending this Year on Emissions Reduction, Energy Efficiency: Honeywell

New York to Require Uber & Lyft to Have Zero Emissions Fleets by 2030

T-Mobile Commits to Net Zero Emissions Across the Value Chain

Government & Regulators

EU Launches Green Deal Industrial Plan

ECB Boosts Tilt of Corporate Bond Portfolio to Better Climate Performers

Climate Group Accuses Shell of Greenwashing in Complaint to SEC

U.S. Lawmakers Launch Congressional Sustainable Investment Caucus

UK Launches Greenwashing Probe Into Food, Homecare Products Companies

ESG Reporting & Disclosure

California Lawmakers Propose Law Requiring Companies to Disclose Full Value Chain Emissions

Guest Post – Call the Plumber: Modernizing the Financial Function to Support Sustainability Reporting  

UK Accounting Regulator to Ramp Focus on Key ESG Disclosure Areas

EU Regulators Welcome, Critique New European Sustainability Reporting Standards

ESG Services and Tools

WTW Launches ESG Analytics Platform

ESG Investing

JPMorgan Invests $500 Million in Timberland, Highlighting Carbon Market Opportunity

Guest Post: ESG Trends That Will Define 2023 and Beyond

NTAM Launches Climate and Natural Capital Investment Strategy

$11 Trillion Investor Group Says Carbon Removals no Longer Count Towards Net Zero Goals

Al Gore’s Climate Fund Announces First Investments in Industrial Decarbonization Solutions Providers

Sustainable Finance

UniCredit to End Financing for New Oil Projects

Corporate Decarbonization, Supportive Policy to Drive 2023 Rebound in Sustainable Bond Market: Moody’s

Private Equity & Venture Capital

Climate Analytics Provider Risilience Raises $26 Million

Energy Storage Tech Provider ONE Raises $300 Million for New Michigan Gigafactory

Energy Transition

Credit Agricole Buys 50% Stake in $300 Million Renewables Portfolio from TotalEnergies

TotalEnergies, Air Liquide to Build Hydrogen Network for Heavy Duty Trucks Across Europe

United Airlines to Purchase up to 2.7 Billion Gallons of Sustainable Aviation Fuel from New Joint Venture

Exec Moves

AE Industrial Partners Appoints Jennifer Essigs as Head of ESG

Arabesque AI Appoints Carolina Minio Paluello as New CEO

Reports, Studies & Surveys

Ukraine War, Inflation Reduction Act Driving Fossil Fuel Demand Down, Renewables Higher: bp

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