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: Australia passes mandatory climate reporting law; Google signs carbon removal deal at landmark $100/ton price; Bain survey finds CEOs losing focus on sustainability as it becomes more important to consumers and corporate buyers; SEC fines Keurig over coffee pod recycling claims; Oracle launches sustainability data and reporting solution; HSBC launches transition infrastructure debt fund; Deloitte survey finds companies accelerating sustainability investments; SAP, Thomson Reuters partner on 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. reporting solution; capital raises for sustainable food, water resilience, fashion sustainability tech, SAF; Microsoft purchases rainforest restoration carbon credits, 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

Amex GBT Commits to Reach Net Zero Emissions Across Value Chain by 2050

Oxy’s 1PointFive Awarded up to $500 Million by DOE for Texas-based DAC Carbon Removal Hub

Microsoft Buys 234,000 Rainforest Restoration Carbon Removal Credits from Toroto

Google Signs 100,000 Ton Carbon Removal Deal with DAC Technology Startup Holocene

Northvolt Sells Battery Materials Site, Reduces Workforce in Tough EV Market

ESG Reporting

Australia Passes Law to Begin Mandatory Climate Reporting in 2025

Government & Regulators

SEC Fines Keurig $1.5 Million over Coffee Pod Recyclability Claims

EPA Releases New Standards and Labels Recommendations to Identify Sustainable Products

FCA Delays Implementation of SDR Sustainable Fund Labeling Rules to April 2025

ESG Services and Tools

Oracle Launches New Sustainability Data and Reporting Solution

SAP, Thomson Reuters Partner on ESG Reporting Solution

Novata Launches ESG Data and Reporting Solutions for Private Companies

Euronext Launches New ESG Benchmarking Tool, SME CSRD Sustainability Reporting Advisory Solution

Sustainable Finance

Standard Chartered Provides Debt Financing for Carbon Project Developer UNDO

Bank of America Provides $205 Million Tax Equity Financing for Carbon Capture Project at Harvestone Biorefinery

ADB Targets $100 Billion in Climate Finance by 2030

Private Equity & Venture Capital

Sustainable Food Startup Novameat Raises $19 Million to Scale Plant-Based Meat Production

WaterEquity Raises $100 Million for Water Impact Fund, Backed by Microsoft, Starbucks

Apparel Supply Chain Sustainability Platform Retraced Raises €15 Million

Brookfield to Invest up to $1.1 Billion in Synthetic Sustainable Aviation Fuel Startup Infinium

Sustainable Investing

AllianzGI Raises €560 Million for Impact Credit Fund Supporting SMEs Addressing Environmental & Social Challenges

HSBC Launches Net Zero Transition Infrastructure Debt Strategy with $240 Million Commitments

Nordea Wins $450 Million Sustainability-Focused Equity Investment Mandate from CalSTRS

Reports, Studies & Surveys

85% of Companies Increased Sustainability Investments Over Past Year, as Execs Expect Direct Business Benefits: Deloitte Survey

CEOs Are Deprioritizing Sustainability as it Becomes More Important to Consumers, Corporate Buyers: Bain Survey