This week in ESG news: Goldman Sachs raises $3 billion for energy transition, circular economy, digital and transport infrastructure fund; Brazil shifts from mandatory to voluntary sustainability reporting; UK sets 2040 GHG emissions reduction target; ISO launches transition planning standard for banks, investors; Google sets series of water sustainability goals; Nordea beats €200 billion sustainable finance target; JPMorgan backs carbon removal startup Charm; states sue Trump over $1 billion deal with TotalEnergies to stop offshore wind; 20 EU states fail to implement anti-greenwashing rules; capital raises for industrial decarbonization tech, fusion, food waste solutions, 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
JPMorgan Signs Carbon Removal, Financing Deal with Charm Industrial
Google Commits to Replenish More Water than it Uses at Data Centers by 2030
TD Signs Long-Term Carbon Removal Agreement with Climeworks
Google Signs “Bring Your Own Capacity” Agreement with Voltus to Unlock 100 MW from Grid
Rio Tinto Commissions $1.5 Billion Low Carbon Aluminum Project in Canada
Microsoft Signs 140 MW U.S. Solar Deal with Avangrid
Government & Regulators
Canada’s Former Environment Minister Quits Over Climate Backtracking by Carney Government
UK Sets Target to Reduce Carbon Emissions 87% by 2040
EU Commission Warns 20 Member States Over Failure to Implement Anti-Greenwashing Rules
Sustainability Reporting
NBIM Calls on EU to Allow Companies to Meet ESRS and ISSB Requirements in a Single Report
Brazil Shifts from Mandatory to Voluntary Sustainability Reporting
ESG Services and Tools
Sweep, HowGood Partner on Product Carbon Footprint Solutions for Food and Ag Companies
Apave Acquires Climate School from AXA
SLR Acquires Natural Capital Advisory Firm Anchor Environmental Consultants
Sustainable Finance
Ecobank Issues $450 Million Nature Bond to Back Biodiversity, Sustainable Agriculture Across Africa
ISO Launches Net Zero Transition Planning Standard for Financial Institutions
Nordea Beats €200 Billion Sustainable Finance Goal
China’s New Green Bond Offering Draws $9 Billion Order Book
Sustainable Investing
Nest Commits £200 Million to IFM to Back Climate Solutions
Private Equity & Venture Capital
Fusion Developer Helion Raises $465 Million at Triple its Prior Valuation
Gigaton Raises $26 Million to Slash Emissions Across Cement, Steel, Glass, Chemicals Sectors
Freshflow Raises $10 Million to Help Retailers Tackle Food Waste
Spiro Raises $215 Million to Scale e-Mobility Platform Across Africa
Gigascale Capital Launches $250 Million Early-Stage Climate Tech Fund
Eurazeo’s Impact Buyout Fund Acquires Circular Economy Platform T1A
Exec Moves
Bain Appoints Harry Morrison as Head of Sustainability Practice for EMEA
Deloitte Appoints Smruti Naik-Jones as Chief Sustainability Officer for EMEA
Rabobank Appoints Dries Lagerberg as New Chief Sustainability Officer
UBS Appoints Alexander Seidler as Head of Sustainability and Climate Risk
