ESG Today: Week in Review
This week in ESG news: EU Commission eases sustainability reporting rules; BlackRock’s new ‘brown-to-green’ transition materials fund; Microsoft adds ESG reporting & Scope 3 measurement to sustainability platform; EU to regulate ESG ratings providers; climate reporting standard for public sector on its way; JPMorgan launches ESG data solution for investors; Deloitte says $9 trillion clean hydrogen investment needed to hit climate goals; Ford launches its first carbon-neutral facility; Mercedes-Benz sets low-carbon steel goal; capital raises for carbon measurement solution, solar PV tech, 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
Ford Opens its First Carbon Neutral Assembly Plant Following $2 Billion Transformation
Guest Post – Driving Sustainability: Empowering the Board of Directors on ESG
Cognizant Launches Ocean Sustainability-Focused Business Group
Mercedes-Benz Sets Goal to Use 200,000 Tonnes of Low Carbon Steel per Year
World’s Largest Steelmaker, Iron Ore Producer Partner to Decarbonize Steel Value Chain
Government & Regulators
EU Commission Proposes Regulation of ESG Ratings Providers
ESG Reporting & Disclosure
IPSASB Launches Development of Climate-Related Reporting Standard for Public Sector
EU Commission Eases Sustainability Reporting Rules
ESG Services and Tools
Microsoft Adds ESG Reporting, Scope 3 Emissions Capabilities to Sustainability Platform
JLL Launches Decarbonization Solution for Commercial Real Estate
JPMorgan Launches Solution Enabling Investors to Access, Integrate ESG Data from Multiple Providers
ESG Investing
Manulife Invests $500 Million in Clean Energy Investor CleanCapital
BlackRock Launches New Climate-Focused ETFs Anchored by $3 Billion Investment from Ilmarinen
BlackRock Launches “Brown to Green” Transition-Themed Materials Fund
Novata Launches Benchmarks to Enable Private Markets Investors to Compare ESG Performance
Climate Action 100+ Shifts Focus to Implementation of Climate Transition Plans for Major Emitters
Sustainable Finance
Iberdrola, EIB Sign €1 Billion Financing Deal to Build Renewable Energy to Power 1 Million Homes
Private Equity & Venture Capital
Carbon Measurement and Reduction Startup Climate Vault Raises $9.4 Million
Solar Tech Startup CubicPV Raises Over $100 Million
Brookfield Acquires Duke Energy’s Commercial Renewables Business for $2.8 Billion
Macquarie Invests $250 Million in Sustainability-Focused Investor Galway
Exec Moves
Lombard Odier Appoints Marc Palahí as Chief Nature Officer
Reports, Studies & Surveys
Deloitte Forecasts Over $9 Trillion Investment in Clean Hydrogen to Hit Global Climate Goals