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: Microsoft signs one of the largest ever carbon removal deals; Deloitte survey finds over 40% of Gen Z & Millennials would switch jobs over climate concerns; EU Parliament proposes ban on green claims based only on carbon offsetting; Morgan Stanley raises $500 million for climate solutions fund; most companies planning to comply with EU sustainability reporting rules even if they don’t need to; Ørsted awarded $1 billion+ carbon capture & storage deal; capital raises for building decarbonization, green hydrogen, heat pump solutions; SAP launches tools to track and report carbon data like financial data, 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
Boeing Announces Public Launch of Data Tool to Assess Aviation Decarbonization Solutions
Carbon Removal Buyers Group Frontier Announces First $53 Million Offtake Agreement
Svante, 3M Partner to Develop Material to “Trap” Carbon
Court Greenlights Greenwashing Lawsuit Against TotalEnergies
Stellantis Acquires 33% Stake in Michelin, Faurecia Hydrogen Fuel Cell JV
Guest Post: ESG isn’t “Woke Capitalism,” its…Capitalism
Nippon Steel Unveils Measures to Reduce Carbon Impact of Steelmaking
Microsoft Signs One of the Largest Ever Carbon Removal Deals
Ørsted Awarded $1 Billion Deal to Capture and Store Over 8 Million Tonnes of Carbon
Government & Regulators
EU Parliament Proposes Ban on Green Claims Based Solely on Carbon Offsetting
ESG Reporting & Disclosure
94% of Companies Planning to Comply with CSRD – Even if They Don’t Need to: Workiva
ESG Services and Tools
Sustainability Consultancy ERM Partners with Satellite Imagery Provider Planet
SAP Launches Solutions to Track, Manage, Report Emissions Data
ESG Investing
Morgan Stanley Raises $500 Million for Climate Solutions Strategy
FTSE Russell Launches ESG Version of Flagship FTSE 100 Index
Sustainable Finance
Renewable Energy Investor Low Carbon Secures £310 Million to Finance Solar PV Buildout
Private Equity & Venture Capital
Building Decarbonization Startup Kelvin Raises $30 Million
Generate Capital Commits $250 Million to Green Hydrogen Startup Ambient Fuels
Heat Pump Startup Quilt Raises $9 Million to Reduce Home CO2 Footprint
Exec Moves
PepsiCo Europe Appoints Archana Jagannathan as Chief Sustainability Officer
DSM-Firmenich Appoints Katharina Stenholm as Chief Sustainability Officer
AXA IM Prime Appoints Marie Luchet as Head of ESG and Sustainability
Reports, Studies & Surveys
Over 40% of Gen Z, Millennials Would Switch Jobs Over Climate Concerns: Deloitte Survey
Land Availability for Renewables a Major Constraint to Hitting Climate Goals: McKinsey
Only 20% of “Sustainable” Investment Funds Meet Proposed Anti-Greenwashing Criteria: Study
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