ESG Today: Week in Review
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 record-breaking carbon removal deal; EY survey finds over half of CEOs say sustainability a higher priority vs one year ago; BCG sustainable aviation deal to cut 100,000 tons of emissions; ERM launches carbon credit consulting business; KKR & HASI launch $2 billion sustainable infrastructure investment partnership; UK High Court rules government’s climate strategy unlawful; more US-listed companies linking emissions reduction to incentive compensation; Canada launches greenwashing investigation against lululemon; Hong Kong launches sustainable investment taxonomy; Virgin Atlantic SAF-powered flight reduces emissions by 64%; capital raises for green hydrogen tech, EV charging, grid optimization solutions, 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
Climeworks Starts Up Largest-Ever DAC Carbon Removal Plant
PepsiCo to Achieve its First Net Zero Plant by 2025
Mars Launches Initiative to Tackle Carbon Footprint of Dairy Supply Chain
Amazon Launches Electric Heavy Duty Truck Fleet in California
Virgin Atlantic Reports 64% Emissions Reduction on SAF-Powered London to New York Flight
Teva Commits to Net Zero Across Value Chain, 100% Renewable Energy
BCG Signs Sustainable Aviation Fuel Deal to Eliminate 100,000 Tons of CO2 Emissions
Microsoft Signs Largest-Ever 3.3 Million Tonne Carbon Removal Deal with Stockholm Exergi
ESG Reporting
EPA Boosts Emissions Reporting Requirements for Oil & Gas Companies
Government & Regulators
Canadian Regulator Launches Greenwashing Investigation into Lululemon Environmental Claims
Hong Kong Launches Taxonomy to Classify Green Activities and Investments
DOE Allocates $500 Million to Infrastructure Projects to Transport Captured Carbon
UK High Court Rules Government’s Climate Plan Unlawful
ESG Services and Tools
ERM Launches Carbon Credit Consulting Business
Optera Launches Solution Enabling Companies to Collect Emissions Data from Supply Chain
Sustainable Finance
Standard Chartered Commits to Reduce Financed Methane Emissions from Oil and Gas Sector
Private Equity & Venture Capital
Green Hydrogen Startup Hysata Raises $111 Million
KKR, HASI Launch $2 Billion Sustainable Infrastructure Investment Venture
Climate Tech Startup Electricity Maps Raises $5 Million to Scale Electricity Optimization Solutions
EV Charging Solutions Provider EnviroSpark Raises $50 Million
ESG Investing
Sustainable “Blue Economy” Fund Ocean 14 Capital Raises €201 Million
Reports, Studies & Surveys
More than a Third of S&P 500 Companies Now Have Compensation Tied to Climate Goals: S&P Global
Over Half of CEOs Say Sustainability a Higher Priority Now than 12 Months Ago: EY Survey
