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: SBTi backtracks on allowing use of carbon credits in corporate net zero plans; JPMorgan appoints new global head of 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. investment banking; CBRE acquires Singapore-based sustainability advisory firm; Air New Zealand drops 2030 climate goal; GRI, TNFD launch guide to help companies reporting on nature impact using both standards; Veolia becomes first company with net zero targets validated by both SBTi and Moody’s; Deutsche Bank, BASF launch sustainability-linked financing for suppliers; Goldman Sachs invests $440 million in renewables platform; JetBlue brings SAF to New York’s JFK Airport; capital raises 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. reporting software, clean fashion tech, carbon removal; Google sources wood waste-based energy to power data center, 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
SBTi Appears to Backtrack on Use of Carbon Credits in Corporate Net Zero Targets
JetBlue Purchases Sustainable Aviation Fuel for Use at New York’s JFK Airport
Masdar, TotalEnergies Explore New Green Methanol & SAF Plant to Decarbonize Hard-to-Abate Industries
Microsoft Purchases 80,000 Tons of Carbon Removals from U.S. Forest Management Project
Google Sources Renewable Energy from Waste Wood to Power Singapore Data Center
Air New Zealand Removes 2030 Emissions Reduction Goal, Drops Out of SBTi
British Airways Parent IAG Buys 28,000 Tonnes of Sustainable Aviation Fuel from Repsol
Veolia Becomes First Company with Net Zero Goals Validated by Both SBTi and Moody’s
ESG Reporting
IASB Publishes Proposed Guidance to Help Companies Report on Climate Risk
GRI, TNFD Release Guide to Help Companies Report on Nature Impact Using Both Standards
Government & Regulators
Australia Court Fines Mercer $7.4 Million for Misleading Sustainable Investment Claims
ESG Services and Tools
CBRE Acquires Singapore-Based Sustainability Advisory Firm Paia Consulting
Sustainable Finance
Sustainable Bond Issuance Could Grow to $1 Trillion in 2024 Despite Sharp Q2 Slowdown: Moody’s
Renewables Developer Avantus Secures $522 Million to Accelerate Solar and Storage Projects
Deutsche Bank, BASF Launch Finance Program Tying Rates for Suppliers to Sustainability Performance
Private Equity & Venture Capital
Goldman Sachs Invests $440 Million in Renewables Platform BrightNight
ArcLight Launches North America-Focused Renewables Investment Platform with $500 Million Commitment
Fashion-Tech unspun Raises $32 Million to Scale Zero-Waste, Emissions-Reducing Apparel Solution
ESG Reporting Solutions Provider osapiens Raises $120 Million
Cleantech Startup Graphyte Raises $30 Million to Scale Carbon Removal Solution
Exec Moves
L Catterton Appoints Ralph Lauren Sustainability Chief Devon Leahy as Global Head of Sustainability
JPMorgan Promotes Chuka Umunna to Co-lead Global ESG Investment Banking
Reports, Studies & Surveys