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: California regulator gives companies an extra year to prepare for climate reporting obligations; Goldman Sachs exits net zero banking initiative; Switzerland to require companies to disclose net zero plans; Google enters $20 billion partnership to build data centers next to clean energy sources; Hong Kong mandates IFRS-aligned sustainability reporting; GRI appoints new CEO; BCG, Google announce new carbon removal deals; Canada’s new climate targets fall below net zero pathway recommendation; Invesco launches record-breaking climate fund; CBRE to cut emissions across commercial real estate portfolio; Microsoft launches new sustainable data center design; EY study finds investors more concerned about greenwashing by companies, 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
BCG Buys Over 50,000 Tonnes of Carbon Removals Spanning Broad Range of Technologies
AECOM Launches Energy Transition Infrastructure Team
Google Signs its Largest Ever Carbon Removal Deal to Capture CO2 in Crushed Rocks and Soil
Stellantis, CATL to Build $4.3 Billion Battery Plant for Affordable EV Models
Microsoft Launches New Datacenter Design Avoiding Use of Water for Cooling
Google, Intersect Power, TPG Launch $20 Billion Data Center Clean Energy Partnership
Amazon Achieves 99% Landfill Diversion for Data Center Hardware Under New Circularity Program
bp, JERA to Invest Up to $6 Billion to Launch New Offshore Wind JV
CBRE Commits to Cut Managed Properties Emissions by More than Half by 2030
ESG Reporting
California to Give Companies an Extra Year Before Fully Enforcing New Climate Reporting Rules
Hong Kong to Require IFRS-Aligned Sustainability Reporting Starting in 2025
Switzerland to Require Companies to Disclose 2050-Aligned Net Zero Roadmaps
Government & Regulators
Canada Sets Goal to Reduce Greenhouse Gas Emissions by 45% – 50% by 2035
ESG Services and Tools
EQS Group Acquires Sustainability Software Provider Daato
SGS Launches New Suite of Climate and Energy Transition Services
Holtara Launches New CSRD Compliance Platform
Sustainable Finance
Goldman Sachs Exits Net Zero Banking Alliance
Private Equity & Venture Capital
Cleantech Startup SpotmyEnergy Raises €10.5 Million to Improve Home Energy Efficiency
Sustainable Investing
Invesco Launches New Climate ETF with Record-Breaking $2.4 Billion Investment
DWS Raises $340 Million for Sustainable Infrastructure Fund
Exec Moves
GRI Appoints Robin Hodess as New CEO
Heidrick & Struggles Builds Out Climate & Sustainability Advisory and Talent Team in Europe
Clean Energy Ventures Hires Charlotte Kirk to Expand Presence into Europe
Reports, Studies & Surveys
85% of Investors Say Greenwashing is a Growing Problem: EY Survey