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 delay sustainability reporting standards for specific sectors, non-EU companies; HSBC launches net zero transition plan; BlackRock invests $500 million in clean energy infrastructure developer; GRI launches biodiversity reporting standard; Capgemini survey finds most business leaders plan to increase sustainability investments; EFRAG releases proposed sustainability reporting standard for SMEs; ECB says 90% of banks’ loan books not aligned with climate transition; capital raises for green steel, circular economy solutions, carbon capture, EV batteries; ING faces lawsuit over financed emissions; Deloitte partners to help businesses with circularity solutions, 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
Rio Tinto Signs 25-Year Deal to Buy all Power from Australia’s First Gigawatt-scale Solar Farm
TotalEnergies Acquires Battery Storage Developer Kyon Energy
ADNOC Commits $23 Billion to Decarbonization, Lower Carbon Solutions
Bloomberg Signs 15-Year Renewable Energy Deal with Ørsted
H2 Green Steel Raises Over $5 Billion in Financing for New Decarbonized Steel Plant
ING Faces Climate Lawsuit from Group that Won Case Against Shell
Government & Regulators
ECB: A “Staggering 90%” of Banks’ Portfolios Misaligned with Climate Transition
U.S. Invests Over $100 Million in Projects to Decarbonize Federal Buildings
ESG Reporting
GRI Launches New Biodiversity Reporting Standard
EFRAG Releases Proposed EU Sustainability Reporting Standards for Small Companies
Guest Post – Financial and Sustainability Reporting: Connectivity Matters
ESG Services and Tools
bp Invests in Aviation Decarbonization Solutions Provider CHOOOSE
Deloitte, Circle Economy Consulting Partner to Help Businesses Tap Circular Economy Opportunities
SIX Launches Climate Data Sets to Support Climate-related Reporting, Investing
Sustainable Finance
HSBC Launches Net Zero Transition Plan
Private Equity & Venture Capital
Nextgen EV Battery Developer Sion Power Raises $75 Million
EV Charging Platform Monta Raises $87 Million
ArcTern Raises $335 Million for Decarbonization Tech Venture Fund
Ocean-based Carbon Capture Startup Captura Raises $21.5 Million
Sumitomo Invests in Carbon Removal Startup Inherit Carbon Solutions
BlackRock Invests $500 Million in Clean Energy Developer Recurrent Energy
ESG Investing
Ontario Teachers’ Pension Plan Sets Expectation for Climate Competency on Company Boards
Reports, Studies & Surveys
Majority of Business Leaders Plan to Increase Sustainability Investments this Year: Capgemini Survey
