This week in ESG news: ISSB releases proposed nature-related corporate reporting requirements; Coca-Cola, Nestlé, Danone commit to improve packaging claims after EU greenwashing complaint; ESMA focuses sustainability reporting enforcement priorities on materiality, impacts, risks and opportunities disclosure; Citi creates bond with returns tied to carbon credit generation; Blackstone raises $8.7 billion in one year for energy transition fund; Canada goes back to the drawing board for sustainable finance taxonomy’s proposed oil & gas-focused category; EIB launches $30 billion climate adaptation financing plan; Google, Mckinsey sign 320,000 ton nature restoration carbon removal deals; HKEX launches green equity designation, 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
Google Signs Deal to Build 1GW Virtual Power Plant Aggregating Energy from Homes, Businesses
Coca-Cola, Nestlé, and Danone Agree to Improve Recycling Claims Following EU Greenwashing Complaint
Hyundai, Peak Energy Launch Platform to Expand Renewable Energy in Automotive Supply Chain
Google, McKinsey Sign 320,000 Ton Carbon Removal Deals from Brazil Nature Restoration Project
Amazon Backs New Advanced Nuclear Power Project at a Former Coal Plant
Anthropic Commits 5% of Shares to a New Public Benefit Fund
Government & Regulators
EU Lawmakers Push to Delay Methane Emissions Rules by 3 Years
UK Channels Oil & Gas Revenues into New £2 Billion Clean Energy Wealth Fund
Canada Reconsiders Oil & Gas “Abatement” Category in Sustainable Finance Taxonomy
EU Invests $3.8 Billion in More Than 75 Net Zero Technology Projects
Sustainability Reporting
ISSB Releases Proposed Nature-Related Reporting Requirements
ESG Services and Tools
LRQA Acquires Supply Chain Monitoring and Responsible Sourcing Platform Omega Compliance
Sustainable Finance
EIB Unveils €30 Billion Climate Adaptation Plan
Citi Structures New Outcome Bond with Returns Tied to Generation of Carbon Credits
AIIB Invests $100 Million in TPG’s Global South-Focused Climate Solutions Strategy
NORD/LB Acquires Energy Transition Finance Boutique Voltiq
Sustainable Investing
HKEX Launches “Green Equity” Designation Program
Private Equity & Venture Capital
Cambridge Heavy Industries Raises $6.2 Million to Build Mini Fusion Reactors
Optivolt Raises $32 Million to Make Solar Panels Smarter
GM Ventures Leads $108 Million Raise for Peak Energy to Break into Data Center Power Market
Ara Partners Raises $2.5 Billion for Inaugural Conventional Energy Optimization Fund
Rabot Raises $56 Million to Create Virtual Power Plants with Home Clean Energy Devices
Blackstone Raises $8.7 Billion for Energy Transition Fund
Sosteneo Raises Over $500 Million for Clean Energy Infrastructure Fund
