This week in ESG news: New European sustainability reporting standards to reduce CSRD datapoints by more than 70%; NYC comptroller pushes to drop BlackRock, Fidelity for inadequate net zero plans; UK FCA launches proposed regulations for ESG ratings providers; Brookfield, CVC each acquire renewable energy platforms; Bank of England raises climate risk management expectations for banks and insurers; EU lawmakers agree to delay implementation of new supply chain deforestation law; PCAF launches new emissions reporting standards for financial institutions; AT&T drops DEI; Nike, Lacoste ads banned for greenwashing; EU invests over €5 billion in decarbonization projects, and more.
See below for the highlights of the past week, and get all your ESG news at ESG Today:
Sustainability Goals, Initiatives and Achievements
Triodos Launches New Integrated Climate and Nature Strategy
AT&T Commits to Drop DEI Programs and Goals
Guest Post: The $500 Billion Case for Managing Scope 3 Emissions
bp Scraps Plans for Large Scale UK Low Carbon Hydrogen Project
Knight Frank Signs $238 Million Green Energy Deal for UK Properties
LEGO Passes Halfway Point in Transition to Paper-based Packaging for Bricks
Government & Regulators
EU Parliament, Council Agree to Simplify, Delay Supply Chain Deforestation Law
UK Watchdog Bans Nike, Lacoste Ads Over Sustainability Claims
EU Commits More than €5 Billion to Net Zero Tech, Hydrogen, Industrial Decarbonization Projects
BoE Ramps Climate Risk Management Expectations for Banks and Insurers
FCA Releases New Proposed Rules to Regulate ESG Ratings Providers
Sustainability Reporting
EFRAG Releases Simplified European Sustainability Reporting Standards
PCAF Launches Updated Emissions Measurement and Reporting Standard for Financials
EU Watchdog Says Commission Failed to Follow Procedures in Cutting Sustainability Reporting Rules
ESG Services and Tools
STX Launches Energy Attribute Certificate Procurement Platform
Sustainable Finance
Crédit Agricole, EIB Partner to Unlock €8 Billion Financing for Wind Energy
Sustainable Investing
Private Equity & Venture Capital
Microsoft Invests in Nature-Based Carbon Removal Startup Pantheon
Future Energy Ventures Raises $270 Million for Energy Transition Tech VC Fund
Brookfield Acquires Southeast Asia Renewable Energy Platform
CVC Acquires European Green Energy Platform Low Carbon
Exec Moves
M&G Appoints Marian D’Auria as New Chief Sustainability Officer
Green Impact Exchange Appoints Maria Mahl as Chief Product Officer
Morningstar Sustainalytics Appoints Jodie Tapscott as Head of Climate and Nature Solutions
