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: 80% of companies see sustainability as revenue and profit driver, Morgan Stanley survey finds; EU passes environmentalEnvironmental criteria consider how a company performs as a steward of nature. More,  human rights sustainability due diligence law; Holcim to build €500 million net zero cement plant; tech giants launch carbon removal buyers coalition; Bloomberg survey finds most lawyers don’t expect SEC climate disclosure rule to survive intact; Diageo decarbonizes flagship Guinness brewery; UK looks to integrate carbon removals in emissions trading system; IBM adds emissions forecasting & planning capabilities to 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 data platform; capital raises to textile recycling, carbon capture, geothermal, circular economy tech, grid decarbonization, 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

Microsoft Signs 1 Million Tonne Bioenergy-based Carbon Removal Agreement with Ørsted

Tech Giants Google, Meta, Microsoft, and Salesforce Launch 20 Million Ton Nature-Based Carbon Removal Buyers Coalition

Google to Recover Heat from Data Center and Distribute to Local Heating Network

Holcim to Build €500 Million Plant to Produce Net Zero Cement

Diageo to Invest $110 Million to Decarbonize Flagship Guinness Brewery

Honda to Invest $64 Billion on Electrification Strategy by 2030

ESG Reporting

IFRS, GRI Collaborate on Interoperability for Sustainability Disclosure Standards

Majority of Lawyers Expect SEC’s Climate Disclosure Rule Will Not Survive Intact: Bloomberg Survey

Government & Regulators

EU Adopts Environmental, Human Rights Sustainability Due Diligence Law

UK Proposes Expanding Emissions Trading Scheme to New Sectors, Carbon Removals

EU Adopts New Rules to Decarbonize Gas, Build Hydrogen Market

ESG Services and Tools

Capgemini, Schneider Electric Launch New Energy Optimization Platform

IBM Adds AI-Powered Emissions Planning and Forecasting Capabilities to ESG Data Platform

Sustainable Finance

JPMorgan Provides $680 Million in Tax Equity Financing for Ørsted Solar and Storage Projects

Deutsche Bank, EIB Launch Discounted Mortgage Program to Finance Climate-Friendly Homes

Private Equity & Venture Capital

Eurazeo Launches $800 Million Planetary Boundaries Solutions-Focused Buyout Fund

New H&M-Backed Textile Recycling Startup Syre Raises $100 Million

Circular Economy Technology Provider Circtec Raises $163 Million to Build Large-Scale Tire Recycling Plant

Geothermal Tech Company XGS Energy Raises $20 Million

Cleantech Startup CryoCollect Raises €4 Million for Biogas Carbon Capture Solution

Grid Stability Solutions Provider Reactive Technologies Raises $31 Million

Biotech Startup Cellugy Raises $5 Million to Replace Fossil-Based Ingredients in Personal Care Products

Climate-Focused VC ETF Partners Raises $310 Million for Sustainability Solutions Venture Fund

ESG Investing

BNP Paribas Launches New Paris-Aligned Climate ETF

Norway’s $1.7 Trillion Wealth Fund Asks Shell for Climate Strategy Disclosure

Guest Post: The Road Ahead for ESG

Reports, Studies & Surveys

80% of Companies See Sustainability as a Potential Revenue, Profitability Driver: Morgan Stanley Survey