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: 100% of large companies expect to be required to report on sustainability, but less than a third are ready for 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. data assurance, KPMG finds; Microsoft buys nearly 1 million tons of nature-based carbon removal credits; BlackRock launches new suite of low carbon transition ETFs; GRI launches standards to report on company impact on workers; Morningstar study finds ESG-labelled funds would have to sell up to $40 billion stocks to align with new EU anti-greenwashing rules; California looks to seize Big Oil profits in climate greenwashing lawsuit; Brookfield and Alterra launch $5 billion climate transition fund; Telstra ends use of carbon credits in climate goals; Engie signs deal to buy 5 million tonnes of nature based carbon removal, 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
Telstra Ends Use of Carbon Credits to Increase Focus on Decarbonization Projects
Swiss Re Signs 70,000 Tonne Biochar Carbon Removal Agreement with Carbonfuture
Google Rolls Out New Clean Energy Purchase Structure with Berkshire Hathaway’s NV Energy
Microsoft Purchases Nearly 1 Million Tons of Nature-based Carbon Removal Credits from Anew
Engie Pre-Orders 5 Million Tons of Nature-based Carbon Credits from Catona Climate
TotalEnergies, Air Products Sign Long-Term Green Hydrogen Supply Agreement
ESG Reporting
Less Than 30% of Companies are Ready for Upcoming ESG Assurance Requirements: KPMG Survey
GRI Launches Update of Standards to Report on Impact on Workers
Government & Regulators
California Seeks to Seize Big Oil Companies’ Profits in Climate Greenwashing Suit
New EU Sustainable Fund Naming Rules Could Lead to $40 Billion Divestments: Morningstar
ESG Services and Tools
ISS ESG Launches Modern Slavery Monitoring and Reporting Solution for Investors
EcoOnline Launches CSRD Sustainability Reporting Solution
Private Equity & Venture Capital
Brookfield, Alterra Launch $5 Billion Emerging Markets Climate Transition Fund
Foresight Raises €300 Million for Article 9 Energy Transition Infrastructure Fund
ESG Investing
BlackRock Launches New Suite of ETFs Investing in Companies Leading Low Carbon Transition
Candriam Launches New Article 9 Sustainable Water Fund