ESG Today: Week in Review
This week in ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. More news: BlackRock CEO says not for asset managers “to be the environmentalEnvironmental criteria consider how a company performs as a steward of nature. More police”; DeSantis launches multi-state anti-ESG coalition; EU to require all member states to cut emissions; Shell declines to set tougher emission goals, says lawsuits not helpful for energy transition; Nestlé, Starbucks, Microsoft back $1 billion circular economy platform; Microsoft signs ocean-based carbon removal agreement; UK taxonomy classifies nuclear as ‘environmentally sustainable; ING sets new oil & gas finance restrictions; TD sets $500 billion sustainable finance goal; capital raises for algae biofuels, farm soil carbon capture, solar recycling tech, and more.
See below for the highlights of the past week, and get all your ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. More news at ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. More Today:
Sustainability Goals, Initiatives and Achievements
Nestlé, Starbucks, Microsoft Back Closed Loop Partners’ Circular Economy Infrastructure Platform
Whirlpool Reaches Zero Waste to Landfill Across Global Manufacturing Sites
Shell Says Climate Lawsuits Won’t Help Energy Transition
H&M Launches Online Secondhand Garment Resale Shop
Microsoft Signs its First Ocean-Based Carbon Removal Agreement
Government & Regulators
DeSantis Launches 18-State Alliance to Ban ESG Investing
EU Commission Unveils Plans to Scale Clean Tech Manufacturing: “The Race is On”
UK Classifies Nuclear as “Environmentally Sustainable” in Green Taxonomy
EU Lawmakers Vote to Require all Member States to Cut Emissions by 2030
ECB, Regulators Working on Climate Reporting Requirements for Structured Finance Products
ESG Reporting & Disclosure
Guest Post: Greenhouse Gas Emissions – Making Standard Setting Fit for the Future
ESG Services and Tools
EcoVadis Launches Tool to Identify Emissions Hotspots in Supply Chains
Johnson Controls Launches Tool for Building Owners to Assess, Track and Manage Emissions
ESG Investing
Larry Fink on Energy Transition: “Not Our Place to be Telling Companies What to do”
Mirova Raises Over $170 Million for Emerging Markets Clean Energy Fund
Asset Managers Linking Pay to Responsible Investment Increases 12x Since 2020 to 83%: Report
Sustainable Finance
TD Launches $500 Billion Sustainable & Decarbonization Finance Target
Robeco Raises €130 Million for New Sustainable Loan Fund
ING to Restrict Funding for Oil and Gas Infrastructure
Responsible Investing Group Urges Investors to Vote Against Credit Suisse’s Climate Strategy
Private Equity & Venture Capital
Climate Tech Startup Andes Raises $30 Million to Remove Carbon using Farm Soil
Private Equity Investors Far Ahead on Integrating ESG in M&A Dealmaking: Deloitte
Solar Panel Recycling Startup SOLARCYCLE Raises $30 Million to Scale Capacity
Exec Moves
Aegon AM Appoints Anne Scott as Global Climate Solutions Lead
Global Sustainability Standards Board Appoints Carol Adams as New Chair
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