ESG Today: Week in Review
This week in ESG news: SEC pauses its new climate disclosure rules; JPMorgan, Citi and RBC agree to disclose new climate finance metric; Deloitte survey finds sharp increase in investors implementing sustainable investment policies; Biden awards $20 billion to boost clean energy financing for low income communities; EY launches new sustainable finance hub; U.S. Steel to capture 50,000 tons of carbon at steel plant; MUFG triples its sustainable finance goal on strong demand; ESGgo launches AI-powered sustainability reporting solution; Shell appeals court ruling holding it responsible for customers’ emissions; capital raises for ESG investing data, biofuel tech, renewable energy; Morgan Stanley acquires energy transition advisory and solutions provider, 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
IKEA Foundation Invests $100 Million to Increase Access to electric Vehicles in Emerging Markets
Clean Energy Developer Solarig to Build $850 Million Sustainable Aviation Fuel Plant in Spain
U.S. Steel Launches Project to Capture 50,000 Tons of Carbon per Year at Steel Plant
Phillips 66 Converts Oil Refinery to Produce Only Renewable Fuel
Shell Appeals Court Ruling Ordering it to Slash Emissions by 2030
Southwest Airlines Acquires DOE-Backed Sustainable Aviation Fuel Startup SAFFiRE Renewables
Government & Regulators
Biden Administration Allocates $4 Billion Tax Credits to Drive Clean Energy Supply Chain
ESG Reporting
SEC Pauses Climate Disclosure Rules Amidst Legal Challenges
ESG Services and Tools
ESGgo Launches AI-Powered Sustainability Reporting Solution
Sustainable Finance
JPMorgan, Citi, RBC Reach Deals with NYC to Disclose New Climate Finance Metric
MUFG Triples 2030 Sustainable Finance Target to $660 Billion on Strong Demand
Private Equity & Venture Capital
Cleantech Startup Terragia Raises $6 Million to Advance Biofuel Production Tech
Climate & Biodiversity Data Provider Iceberg Data Lab Raises $10 Million to Fund Expansion
Morgan Stanley Acquires Energy Transition Solutions Provider Resource Innovations
Goldman Sachs Renewables Spinout MN8 Raises $325 Million
ESG Investing
80% of Global Investors Now Have Sustainable Investment Policies in Place: Deloitte/Tufts Survey
Bloomberg Launches New Suite of “Climate Tilted” Versions of Government Bond Indices