ESG Today: Week in Review
This week in ESG news: European sustainability reporting standards released by EFRAG; H&M commits to invest in supply chain decarbonization; investors say companies are cherry-picking reported ESG data; Brookfield backs new circular economy platform with $700 million investment; Biden allocates $20 billion to reduce methane emissions; European regulators launch greenwashing study; investors pressure alternative asset managers on ESG; Carlyle launches European renewable energy platform; Carbon credit ratings platform raises $50 million; Costco commits to climate goals following activist pressure; IEA says $10 trillion needed to replace coal, 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
Costco Commits to Set Full Value Chain Emissions Targets Following Activist Campaign
Roche Commits to Science-Based Climate Goals
Guest Post: The Role of Climate Risk Planning
Energy Giant Iberdrola Pledges to Reach Carbon Neutrality in Power Generation Plants by 2030
BMW Sources Low-Carbon Steel for Global Production
Trane Sources Low Carbon Steel for HVAC Products
Biden Allocates $20 Billion to Reduce Methane Emissions
H&M Commits Nearly $300 Million Annually to Tackle Supply Chain Emissions
Government & Regulators
European Regulators Launch Greenwashing Study
ESG Reporting & Disclosure
EFRAG Approves European Sustainability Reporting Standards
EY Survey: Investors say Companies are Cherry-Picking Reported ESG Data
ESG Services and Tools
ICE Launches TCFD Reporting Solution for Asset Managers
Workday Invests in ESG Measurement Platform PulsESG
Guest Post: Should You Build or Buy an ESG Supply Chain Solution?
ESG Investing
EY Survey: Alternative Asset Managers Facing Increasing Investor Pressure on ESG
Sustainable Finance
Iberdrola Issues €1.5 Billion Green Bond
Major Banks Join Pledge to Mobilize $20 Billion to Support Indonesia’s Clean Energy Transition
Private Equity & Venture Capital
Carlyle Launches European Renewable Energy Development Platform
Closed Loop Partners Launches U.S. Recycling Business with $700 Million Backing from Brookfield
Energy Impact Partners Raises $485 Million for Climate Tech Fund
BlackRock Acquires U.S. Battery Storage Developer Jupiter Power
Climate Tech BeZero Carbon Raises $50 Million to Expand Carbon Credit Ratings Platform
Energy Transition
Maersk Sources 100,000 Tonnes of Green Methanol to Support Fleet Decarbonization Goals
Biden Administration Signs U.S. Government’s First-Ever 24/7 Carbon Free Energy Deal
IEA: $9.5 Trillion Needed to Fund Transition from Coal
Exec Moves
Dollar Tree Appoints Chief Sustainability and Diversity Officers
Real Assets ESG Consultancy Evora Global Hires Pradeep Menon as President