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 cuts greenhouse gas emissions more than 8% in a year; Morgan Stanley softens climate targets; CFOs see greenwashing risk from 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 reporting due to data problems, EY survey finds; new climate reporting standard for public sector released; 500 companies commit to report on nature, biodiversity; EU regulator prioritizes compliance with new sustainability reporting rules for enforcement actions; Microsoft builds datacenters with wood to cut emissions; Bain Capital acquires green datacenter developer; Southwest Airlines removes 1.5 million pounds of plastic from flights; KKR, ECP to invest $50 billion in datacenter capacity and power generation; law firms ramp up 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 training for lawyers; capital raises for sustainable heating, industrial decarbonization, energy sector emissions solutions, 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
EU Cuts Greenhouse Gas Emissions by More than 8% in 2023
Microsoft Replacing Steel, Concrete in New Datacenters with Wood to Cut Carbon Emissions
Maersk Signs Long-Term Green Methanol Deal with LONGi to Reduce Fleet Emissions
Rio Tinto Transitions U.S. Copper Mine Operations to Renewable Diesel
Southwest Airlines Eliminates 1.5 Million Pounds of Single-Use Plastic from Flights
Guest Post – Avoided Emissions: Unlikely Heroes
ESG Reporting
IPSASB Releases Proposed Climate-Related Reporting Standard for Public Sector
Guest Post – Materiality Assessments: Expectations and Best Practices
Over 500 Companies Commit to Report on Nature, Biodiversity Risk Using TNFD Framework
Government & Regulators
ESMA to Focus Enforcement Actions on CSRD’s Double Materiality, Sustainability Statement Compliance
ESG Services and Tools
Nuveen, Leon Capital Invest in Real Estate Sustainability Consultancy Longevity Partners
Bureau Veritas Acquires Aligned Incentives to Bolster Scope 3, Product Carbon Footprint Capabilities
LRQA Acquires Human Rights Advisory Ergon Associates to Strengthen ESG Capabilities
IntegrityNext Launches New Supply Chain Sustainability Compliance and Visibility Solutions
Sustainable Finance
Germany Hires Deutsche Bank, DZ Bank for Update of Green Bond Framework
Morgan Stanley Softens Climate Targets
Private Equity & Venture Capital
Andium Raises $22 Million for IoT Platform to Cut Energy Sector Emissions
Verdane Raises €700 Million for Decarbonization-Focused Growth Fund
Brookfield Acquires $2.3 Billion Stake in UK Offshore Wind Farms from Ørsted
Bain Capital Acquires Majority Stake in Green Data Center Developer AQ Compute
KKR, ECP Launch $50 Billion Data Center and Power Generation Investment Partnership
Sustainable Heating Startup Vamo Raises €7 Million
RIFT Raises €11 Million for Decarbonized Industrial Heat Solution
Sustainable Investing
M&G, responsAbility Launch SDG-Focused Article 9 Sustainable Bond Fund
Reports, Studies & Surveys
Over Half of CFOs Fear Greenwashing Risk as Sustainability Data Problems Persist: EY Survey
