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: COP28 ends with first-ever agreement to transition away from fossil fuels; BlackRock identifies the low carbon transition as a 2024 investment “mega force”; BCG signs 15-year deal to capture carbon from atmosphere; EU lawmakers reach landmark deal on law to address human rights & environmentalEnvironmental criteria consider how a company performs as a steward of nature. impact in corporate value chains; Australia publishes anti-greenwashing guidance for companies; Ara Partners raises $3 billion for industrial decarbonization investments; capital raises for CO2 utilization, green building solutions, thermal energy startups; Credit Agricole ends financing for new oil & gas projects 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
COP28 Ends with Agreement to Transition Away from Fossil Fuels
Microsoft Signs One of Largest To-date Biochar Carbon Removal Deals
Chipotle Invests in Green Fertilizer, Robotic Regenerative Farming Startups
BCG Signs 15-Year, 80,000 Ton DAC Carbon Removal Deal
TotalEnergies Announces a Series of Startup Acquisitions to Boost Electricity Business
Microsoft Signs Carbon Removal Deal with Startup Inherit Carbon Solutions
Government & Regulators
EU Lawmakers Reach Deal on New Environmental, Human Rights Sustainability Due Diligence Law
UK Eliminates Cap on Penalties on Polluting Companies
Australia Releases Anti-Greenwashing Guidance for Companies
UK Regulator Launches Investigation into Unilever over Green Claims
EU Agrees on New Regulation to Decarbonize Gas and Grow Hydrogen Market
ESG Services and Tools
Terrascope Launches Solution to Measure and Manage Forest, Land & Agriculture Emissions
Sustainable Finance
Crédit Agricole Ends Financing for New Oil and Gas Projects
HSBC Backs Apparel Impact Institute’s Fashion Supply Chain Decarbonization Fund
Private Equity & Venture Capital
Ara Partners Raises $3 Billion to Invest in Industrial Decarbonization
Ecoworks Raises €40 Million for Climate Neutral Building Renovation Solution
Cleantech Startup Dimensional Energy Raises $20 Million to Advance Carbon Utilization Tech
Thermal Energy Storage Tech Startup Fourth Power Raises $19 Million
Apollo Launches Clean Transition Fund for Wealth Investors
KKR Acquires Energy Infrastructure Provider Smart Metering for $1.7 Billion
ESG Investing
BNP Paribas Launches New Climate Impact Infrastructure Debt Fund
Exec Moves
Sustainable Infrastructure-Focused Generate Capital Appoints William Sonneborn as New President