ESG Today: Week in Review
This week in ESG news: LEGO Group ties bonuses for all employees to climate goals; EU issues final rules for funds using ‘sustainability,’ ‘ESG’ names; Microsoft signs reforestation-based carbon removal megadeal; Deloitte survey finds Gen Zs and millennials increasingly consider sustainability in consumption and employment decisions; ERM & Workiva partner on sustainability reporting solutions; EU requires 90% emissions reduction from trucks and buses by 2040; Microsoft to require 100% clean electricity use from key suppliers to get climate goals back on track; BCG buys sustainable aviation fuel made from CO2; Mercedes-Benz launches project to boost recycled materials in cars, 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
BCG Buys Sustainable Aviation Fuel Made from CO2 from Twelve
Airport Operator Groupe ADP Invests $20 Million in Sustainable Aviation Fuel Provider LanzaJet
Pernod Ricard Commits to Science-Based Emissions Reduction Goals
Mercedes-Benz Launches “Urban Recycling” Pilot Project to Source Recycled Raw Materials for New Cars
LEGO Group Ties Bonuses for All Employees to Emissions Reduction Goals
Meta Signs Deal for 210 MW of Renewable Energy from New Solar Projects in Indiana
Microsoft Signs Another Reforestation-Based Carbon Removal Megadeal
ESG Reporting
ERM, Workiva Partner to Provide Sustainability Reporting Solutions and Services
Government & Regulators
Australia Invests Over $5 Billion to Develop Clean Hydrogen Sector
Biden Quadruples Tariffs on China EVs, Batteries
EU Adopts New Rules Requiring 90% Emissions Reductions from Trucks and Buses by 2040
ESG Services and Tools
Normative Launches New Tools to Plan Carbon Reduction Actions, Integrate Supplier Emissions Data
Sustainable Finance
Mizuho Pledges to Provide $13 Billion Financing to Develop Hydrogen Supply Chain
Private Equity & Venture Capital
Norrsken VC Raises $345 Million for Impact Solutions Venture Fund
Ndustrial Raises $18.5 Million for AI-Powered Industrial Energy Optimization Solution
ESG Investing
EU Issues New Rules for Funds Using “ESG” or “Sustainability” Names to Address Greenwashing Risk
Fidelity International Launches New Article 9 SDG-Focused Sustainable Bond Funds
Exec Moves
Climate Investor Pollination Appoints Abhay Pande to Lead Transition Finance Practice
Reports, Studies & Surveys
Over 40% of Gen Z & Millennials Have or Plan to Change Jobs Over Climate Concerns: Deloitte Survey