ESG Today: Week in Review
This week in ESG news: Australia passes mandatory climate reporting law; Google signs carbon removal deal at landmark $100/ton price; Bain survey finds CEOs losing focus on sustainability as it becomes more important to consumers and corporate buyers; SEC fines Keurig over coffee pod recycling claims; Oracle launches sustainability data and reporting solution; HSBC launches transition infrastructure debt fund; Deloitte survey finds companies accelerating sustainability investments; SAP, Thomson Reuters partner on ESG reporting solution; capital raises for sustainable food, water resilience, fashion sustainability tech, SAF; Microsoft purchases rainforest restoration carbon credits, 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
Amex GBT Commits to Reach Net Zero Emissions Across Value Chain by 2050
Oxy’s 1PointFive Awarded up to $500 Million by DOE for Texas-based DAC Carbon Removal Hub
Microsoft Buys 234,000 Rainforest Restoration Carbon Removal Credits from Toroto
Google Signs 100,000 Ton Carbon Removal Deal with DAC Technology Startup Holocene
Northvolt Sells Battery Materials Site, Reduces Workforce in Tough EV Market
ESG Reporting
Australia Passes Law to Begin Mandatory Climate Reporting in 2025
Government & Regulators
SEC Fines Keurig $1.5 Million over Coffee Pod Recyclability Claims
EPA Releases New Standards and Labels Recommendations to Identify Sustainable Products
FCA Delays Implementation of SDR Sustainable Fund Labeling Rules to April 2025
ESG Services and Tools
Oracle Launches New Sustainability Data and Reporting Solution
SAP, Thomson Reuters Partner on ESG Reporting Solution
Novata Launches ESG Data and Reporting Solutions for Private Companies
Euronext Launches New ESG Benchmarking Tool, SME CSRD Sustainability Reporting Advisory Solution
Sustainable Finance
Standard Chartered Provides Debt Financing for Carbon Project Developer UNDO
ADB Targets $100 Billion in Climate Finance by 2030
Private Equity & Venture Capital
Sustainable Food Startup Novameat Raises $19 Million to Scale Plant-Based Meat Production
WaterEquity Raises $100 Million for Water Impact Fund, Backed by Microsoft, Starbucks
Apparel Supply Chain Sustainability Platform Retraced Raises €15 Million
Brookfield to Invest up to $1.1 Billion in Synthetic Sustainable Aviation Fuel Startup Infinium
Sustainable Investing
HSBC Launches Net Zero Transition Infrastructure Debt Strategy with $240 Million Commitments
Nordea Wins $450 Million Sustainability-Focused Equity Investment Mandate from CalSTRS