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: EU lawmakers vote to ban unverified green claims; Canada releases proposed sustainability reporting rules; EY, IBM launch new sustainability data and reporting solution; Google commits to purchase $35 million carbon removal credits; EU member states approve sustainability due diligence law; Shell sets goal to reduce emissions from customers’ use of gasoline and diesel; BlackRock says falling battery prices, climate resilience demand to drive low carbon transition investment megatrend; investors say climate reporting regulations will enable better investment decision making; capital raises for carbon removal, cement decarbonization tech; U.S. invests $750 million to accelerate clean hydrogen sector, 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
Google Commits to $35 Million of Carbon Removal Credits over Next 12 Months
Shell Sets 2030 Goal to Reduce Emissions from Customers’ Use of Gasoline and Diesel
AT&T Signs Carbon Removal Agreement with 1PointFive
IBM to Invest $45 Million in Climate Adaptation-Focused Social Impact Program
Government & Regulators
EU Council Approves Scaled-Back Environmental, Human Rights Sustainability Due Diligence Law
U.S. Invests $750 Million in Projects to Accelerate Clean Hydrogen Production
EU Parliament Adopts Rules Targeting Fast Fashion by Making Producers Pay to Recycle Textiles
EU Parliament Agrees to Ban Unverified Green Product Claims
ESG Reporting
Canada Releases Proposed IFRS-Based Sustainability Reporting Standards
ESG Services and Tools
EY, IBM Launch New End-to-End Sustainability Data and Reporting Solution
Sustainable Finance
Primergy Raises $588 Million to Build Texas Solar Project for Microsoft
Private Equity & Venture Capital
KKR Launches $3 Billion Takeover Offer for German Renewable Energy Platform Encavis
Cleantech Startup Furno Raises $6.5 Million to Decarbonize Cement Production
Stonepeak Acquires $300 Million Stake in Wind Energy Portfolio from Ørsted
DAC Startup CarbonCapture Raises $80 Million from Investors Including Amazon, Aramco, Siemens
BlackRock Acquires Solar and Storage Portfolio from Excelsior Energy Capital
ESG Investing
BlackRock Highlights Forces Shaping Low-Carbon Transition Investment Mega Trend
Mirova Raises Over $200 Million from Corporate Investors for Nature Restoration Fund
Robeco Announces Sustainable Engagement Partnership with $340 Billion Swiss Pension Group
Exec Moves
Low Carbon Investment Management Appoints Annabel Wiscarson as New CEO
Reports, Studies & Surveys
