This week in ESG news: EU Commission launches climate resilience framework; investors urge ISSB to issue mandatory nature-related reporting standard; Morgan Stanley survey finds 80% of investors expect to increase allocations to sustainable investing; Deutsche Bank reports record sustainable finance quarter; sustainable finance, investor groups push back against weaker CSRD sustainability reporting rules for non-EU companies; GHG Protocol to delay stricter Scope 2 reporting rules after corporate objections; LEGO integrates materials made from hydrogen, CO2 in plastic pieces; TPG climate funds pull in over $10 billion, 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
DuPont Unveils SBTi-Validated Net Zero Targets
Meta Backs Low Carbon Cement Producer Fortera with Multi-year EAC Deal
Salesforce Signs 500,000 Ton Superpollutant Carbon Credit Deal
Singapore Airlines Signs Deal to Purchase SAF Made from Waste Carbon
LEGO Group Begins Using Material Made from Hydrogen and Captured CO2 in Plastic Pieces
Microsoft Signs Clean Energy Deals in Japan with Macquarie’s Blueleaf
Lufthansa Renames Green Fares to Align with Anti-greenwashing Regulation
Government & Regulators
Singapore Revises Clean Energy Claims Rules to Address Greenwashing Risks
EU Commission Launches Climate Resilience Framework
Sustainability Reporting
Investors Urge ISSB to Issue Mandatory Nature-Related Reporting Standard
GHG Protocol to Push Back Stricter Scope 2 Reporting Rules After Corporate Objections
ESG Services and Tools
Clarity AI Launches New Solution to Enable Investors to Assess Companies’ Progress on Climate Goals
Sweep, Climatiq Partner on Supply Chain Product Carbon Footprint Solution
Hg Acquires Majority Stake in Renewable Energy Advisory and Software Provider 3E
EcoVadis, Vertice Partner to Integrate ESG Ratings into the Procurement Process
Datamaran Launches Tool to Help Companies Track Regulatory Obligations
Sustainable Finance
Deutsche Bank Reports Record €32 Billion Sustainable Finance Quarter
Terradot Secures $34 Million from HASI to Build ERW Carbon Removal Projects
Iberdrola Returns to U.S. Debt Market with $1.6 Billion Green Bond Issuance
Masdar Issues Inaugural $600 Million Blue Bond to Fund Water-Based Clean Energy Projects
Blackrock’s Akaysha Energy Secures $1.2 Billion to Build Out Battery Storage Platform
Sustainable Investing
Over 80% of Institutional Investors Plan to Increase Allocations to Sustainable Investments: Survey
Private Equity & Venture Capital
TPG Raises $10.4 Billion for Climate Funds, Including $2.5 Billion for Global South
Emvolon Raises $22 Million to Turn Waste Greenhouse Gas into Sustainable Fuels
PureTerra Scores €30 Million Commitment for New Water Tech Venture Fund from EIF
Epoch Raises $4.25 Million to Help SMEs Comply with EUDR Supply Chain Deforestation Regulation
