This week in ESG news: GHG Protocol outlined proposed changes to Scope 3 reporting standard; Switzerland launches new proposed sustainability reporting and due diligence law; carbon removal deals signed by JPMorgan, Microsoft, Boeing; TotalEnergies, Masdar launch $2 billion renewable energy platform; Canada launches council to develop sustainable finance taxonomy, transition plan guidelines; sustainability consultancy SLR acquires climate analytics platform Planetrics from McKinsey; AWS launches solution to track carbon footprint of computing; capital raises for sustainable aviation fuel tech, waste upcycling, circular economy solutions, 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
JPMorgan Signs 10-Year Biomass-Based Carbon Removal Deal
Energy Vault Acquires 850 MW BESS Project Portfolio to Enter Japan’s Energy Storage Market
Microsoft Signs 15-Year BECCS-based Carbon Removal Deal in Canada
Boeing Signs 40,000 Ton Soil-Based Carbon Removal Deal with Grassroots Carbon
TotalEnergies, Masdar Merge Asia Renewables Platforms in New $2.2 Billion JV
Beyond Mitigation: What can Ongoing Emissions Responsibility fund?
Government & Regulators
Switzerland Proposes New Sustainability Reporting, Due Diligence Law
Sustainability Reporting
GHG Protocol Outlines Proposed Changes to Scope 3 Reporting Standard
ESG Services and Tools
SLR Acquires Climate Analytics Platforms Planetrics and ClimSystems
Apave Launches New Sustainability Services Platform
AWS Launches Solution Enabling Users to Track Carbon Footprint of Cloud Usage
Sustainable Finance
Canada Launches Council to Develop Sustainable Finance Taxonomy
Sustainable Investing
Amundi Invests in C&I-focused Clean Energy Solutions Platform Youdera
Private Equity & Venture Capital
Australian Ethical Launches A$625 Million Climate-focused Private Markets Fund
Ara Partners Invests $500 Million in Waste Upcycling Solutions Provider Sedron
Sora Fuel Raises $14.6 Million to Produce Jet Fuel from Air, Water, and Clean Energy
Blackstone Backs Renewable Energy Infrastructure Platform Sunotec
Circulate Capital Raises $220 Million for Asia-Focused Circular Economy Fund
Exec Moves
Standard Chartered Appoints Nalini Tarakeshwar as Global Head of Standard Chartered Foundation