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: Over half of global economy moving towards coverage by IFRS’ sustainability reporting standards; EU adopts new legislation aimed at scaling decarbonization tech industries; PwC, IFS to launch sustainability management and reporting solution; HSBC launches carbon calculator for SMEs; EU regulator calls for reporting requirements by SMEs on positive sustainability impacts, opportunities; U.S. issues new policies for carbon markets; more than half of ESG-labelled funds may need to change names to comply with new EU anti-greenwashing rules; Robeco survey finds growing investor allocations to brown-to-green transition strategies; EU adopts new product sustainability rules; capital raises for building decarbonization, green materials, climate fintech, sustainable shipping tech, 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

Amazon, Google, Microsoft, Nucor Pioneer New Clean Energy Investment, Risk Sharing Models with Duke Energy

Brookfield In Talks to Acquire Clean Energy Developer Neoen for $6.6 Billion

Pernod Ricard Signs Global Sustainable Packaging Agreement with Circular Economy Startup ecoSPIRITS

Guest Post: Giving Africa a Leading Voice in the Biodiversity Battle

Google Signs its First Renewable Energy Purchase Deals in Japan

Microsoft Signs 15-Year Renewable Energy Agreements with RWE in Texas

ESG Reporting

IFRS Says Over Half of Global Economy Moving Towards Coverage by ISSB Sustainability Reporting Standards

EU Regulator Calls for SMEs to be Required to Report on Positive Sustainability Impacts, Opportunities to Avoid Greenwashing

Government & Regulators

Biden Administration Launches New Policy Guidelines for Carbon Credit Buyers and Sellers

EU Adopts Net Zero Industry Act to Scale up Decarbonization Technologies

EU Adopts New Product Sustainability Rules, Ban on Destruction of Unsold Clothing and Footwear

ESG Services and Tools

IFS, PwC UK to Launch Sustainability Management and Reporting Solution

Sustainable Finance

HSBC UK Launches Carbon Calculator for SME Clients

Private Equity & Venture Capital

Clean Energy Ventures Raises Over $300 Million for Climate Tech Venture Fund

Energy Capital Partners Raises $6.7 Billion for Energy Transition Infrastructure Buyout Fund

Climate Impact Fintech Doconomy Raises $37 Million to Help Consumers Make Sustainable Choices

Green Materials Startup Claros Technologies Raises $22 Million for PFAS “Forever Chemical” Destruction Solution

Building Decarbonization Platform Vizcab Raises $10 Million

Logistics Emissions Management Platform Shipzero Raises €8 Million

ESG Investing

Impact Investor Lightrock Launches New Global Small Cap Strategy

Candriam Launches New Sustainable Equity Emerging Markets Fund

Exec Moves

abrdn Appoints Dan Grandage as Chief Sustainability Officer, Investments

Reports, Studies & Surveys

Investors Increasing Focus on Climate Solutions and Transition Strategies: Robeco Survey

Nearly Half of Sustainability-Labelled Funds May Have to Change Names to Meet New EU Anti-Greenwashing Rules: Clarity AI