This week in ESG news: ECB warns climate & nature risks “very likely being underestimated” by banks; SEC tells court it plans to scrap corporate climate reporting rules; BBVA sustainable finance activity jumps 33%; Ford turns old EV battery capacity into new energy storage business; New York to push back “unattainable” climate goals; EcoVadis, Workiva partner on Scope 3 data solutions; CDP finds companies anticipate $900 billion losses to extreme weather; tech giants Apple, Amazon, Google, Meta signs large-scale clean energy deals; New Zealand blocks climate lawsuits against companies; EU proposes €4 billion in new allowances to companies under ETS, 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
Meta Signs 850 MW of New Clean Energy Purchase Deals Across U.S.
Ford Repurposes EV Battery Capacity to Launch New Energy Storage Business
Swiss, MetaFuels Partner to Scale Up Synthetic SAF Production
Companies Anticipating $900 Billion Losses from Extreme Weather: CDP Report
Apple Backs Clean Energy, Circular Economy Projects in India
DHL Signs 10-Year Sustainable Aviation Fuel Supply Deal with Dubai-Based SAF One
Geothermal Developer Fervo Energy Raises $1.9 Billion in Upsized IPO
Target, Syre Partner to Scale Integration of Circular Materials in Products
Google Signs 500 MW Solar Deal to Power Texas Data Centers
Amazon Invests in 700 MW of New Carbon-Free Energy Projects to Power Future Data Centers in Nevada
Bayer, bp Sign Deal to Scale Biofuel Crop Production
Government & Regulators
New Zealand to Block Climate Lawsuits Against Companies
EU Commission Proposes Adding €4 Billion in Carbon Allowances to Industry in ETS Update
ECB: Climate, Nature Risks “Very Likely Being Underestimated” by Banks
New York Governor Strikes Deal to Push Back Climate Goals
China, EU, Brazil Launch International Carbon Pricing Coalition
Sustainability Reporting
SEC Tells Court it Plans to Scrap Climate Reporting Rules
ESG Services and Tools
UL Solutions Launches Product Carbon Footprint Calculation Solution
Bureau Veritas Launches New Supply Chain Emissions Engagement Solution
EcoVadis, Workiva Partner on Scope 3 Data Solutions
Buried Treasure: Private Markets Sustainability Data and The Wealth Opportunity
Sustainable Finance
Crux Secures $500 Million to Grow U.S. Clean Energy Financing Platform
Sunraycer Secures Over $900 Million to Build Texas Solar and Storage Portfolio
BBVA Sustainable Finance Business Jumps 33% After Record Year
KKR, HASI-Backed Sustainable Infrastructure Platform CarbonCount Raises Over $500 Million
Sustainable Investing
FTSE Russell, Planetrics to Launch Climate-Scenario Indices for Investors
Private Equity & Venture Capital
Lightrock Raises $500 Million to Scale Clean Energy Access in Emerging Markets
ECOncrete Raises $14 Million to Scale Ecosystem-enhancing Marine Construction Materials Technology
S2G Raises $1 Billion to Address “Missing Middle” Financing Gap for Food, Energy, Ocean Solutions
Mantle8 Raises $36 Million to Scale Natural Hydrogen Exploration Platform
SoftBank Launches New Battery Business to Power AI Infrastructure
Exec Moves
Diginex Appoints Archana Kotecha as Chief Impact Officer
Science Based Targets initiative Appoints McKenna Smith to Lead SBTi Services
