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: JPMorgan, Morgan Stanley complete exit of major U.S. banks from net zero coalition; Net Zero finance umbrella group shifts focus after banks leave; process launched to expand, simplify EU Taxonomy; SBTi appoints new CEO; Biden bans offshore drilling across major portion of U.S. coasts; shareholders target Shell over plans to grow LNG while cutting emissions; Mars aims for its own responsible cocoa supply chain by 2030; BlackRock insists leaving net zero group won’t change its investment management; Robeco to engage companies on deforestation, sustainable supply chains; Schneider Electric’s new Chief Sustainability Officer; capital raises for low carbon buildings, manufacturing decarbonization, ocean data, sustainable mobility, 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

Deep Sky, Low Carbon to Power Carbon Removal Project with 100% Renewable Energy

Mars Targets Segregated Responsibly Sourced Cocoa Supply Chain by 2030

Shareholders Call on Shell to Explain Consistency of Plans to Grow LNG Production with its Net Zero Goals

ESG Reporting

EU Platform on Sustainable Finance Unveils Proposals to Simplify, Expand EU Taxonomy

Government & Regulators

Biden Bans New Offshore Drilling Across 625 Million Acres of U.S. Oceans

ESG Services and Tools

SGS Acquires GHG Verification Services Provider Aster Global

Optera, SPS Commerce Launch Solution Enabling Retailers to Collect Emissions Data from Supply Chain

Achilles Acquires GRMS to Bolster Supply Chain Sustainability Capabilities

Sustainable Finance

JPMorgan Leaves Net Zero Banking Group, Completing Departure of Major U.S. Banks

Bloomberg, Carney-led Climate Finance Group Restructures After String of High-Profile Departures from Net Zero Coalitions

Morgan Stanley Joins Peers in Leaving Climate Group, Maintains Commitment to Net Zero

Private Equity & Venture Capital

XOCEAN Raises $118 Million to Meet Growing Demand for Blue Economy Data

EQT’s New Transition Infrastructure Strategy Acquires Distributed Energy Company Scale Microgrids

Tangible Raises $3 Million to Measure, Reduce Carbon Emissions in Building Materials and Construction

Manufacturing Decarbonization Startup Karman Industries Raises $7.5 Million

Trucks VC Raises $70 Million to Invest in Startups Making Transportation “Safer, Cleaner and More Accessible”

Sustainable Investing

BlackRock Exits Net Zero Coalition, Says Move Won’t Change How it Manages Investments

Aegon, Cazenove to Adopt FCA’s SDR Sustainability Focus Label for Funds

Robeco to Engage Companies on Deforestation, Transition Materials Supply Chain Sustainability

Exec Moves

AXA XL Appoints Katherine Gerber Head of Energy Transition, Americas

Aon Hires Lloyd’s of London CEO John Neal for New Climate Solutions Role

SBTi Appoints David Kennedy as New CEO

S&P Global Appoints Lauren Smart as Head of Sustainability Unit Sustainable1

Schneider Electric Appoints Chris Leong as Chief Sustainability Officer