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. news: EU lawmakers agree to ban generic green product claims like “climate neutral”; KPMG survey finds only a quarter of businesses feel very confident in meeting 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. reporting requirements; California governor commits to sign climate disclosure rules into law; TNFD releases framework to report on nature-related issues, biodiversity; HSBC commits $1 billion to climate tech venture funding; Nasdaq launches 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. reporting solution; IBM adds Scope 3 analysis capabilities to sustainability platform; KPMG launches 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. academy for business sustainability training, 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. 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. Today:

Sustainability Goals, Initiatives and Achievements

DHL Invests $85 Million in Biomethane Production to Power Trucks

Microsoft Signs Deal to Buy Biochar Carbon Removal Credits

Colgate-Palmolive Signs Renewable Energy Deal to Cover 100% of its U.S. Electricity Needs

Mercedes-Benz Signs Deal to Buy More than 50,000 Tonnes of Low Carbon Steel Annually for U.S. Production

Government & Regulators

SEC Adopts Rule Requiring ESG-Labelled Funds to Invest 80% in Alignment with Theme

EU Lawmakers Ban Generic and Emissions Offsetting-Based Green Product Claims

Businesses, Investors Push Back on UK’s Watered-down Climate Goals

ESG Reporting & Disclosure

TNFD Releases Framework for Reporting on Nature-Related Risks and Opportunities

Guest Post: Why Should Sustainability Reporting be the Boardroom’s Top Priority?

Only 1 in 4 Companies Very Confident in Meeting ESG Reporting Requirements: KPMG Survey

California Governor Commits to Sign Climate Disclosure Bills into Law

ESG Services and Tools

KPMG Launches ESG Academy to Train Businesses on Key Sustainability Topics

IBM Adds Scope 3 Emissions Analysis Capabilities to ESG Data Platform

Nasdaq Launches ESG Data and Reporting Solutions for Corporates and Investors

Sustainable Finance

HSBC to Provide $1 Billion Financing to Climate Tech Startups

U.S. Treasury Releases Principles for Net Zero Commitments by Financial Institutions

ESG Investing

Norway’s $1.4 Trillion Wealth Fund Tells Portfolio Companies Not to Count Carbon Credit Towards Interim Climate Goals

Private Equity & Venture Capital

Emissions Tracking and Reporting Software Startup Plan A Raises $27 Million

Astanor Raises €360 Million for Sustainable Food Value Chain Fund

Ontario Teachers’ Pension Plan Acquires Majority Stake in Environmental Markets Platform GreenCollar