ESG Today: Week in Review
This week in ESG news: Canada to require oil & gas industry to slash emissions; California’s climate reporting law survives legal challenge; Mizuho invests in climate solutions provider Pollination; new clean energy deals signed by H&M, Meta, Saint-Gobain; incoming EU finance Commissioner calls for sustainable investment labels, reduced SFDR reporting burden; UAE to invest $54 billion in clean energy transition; UK drops greenwashing investigation against Unilever; LA sues Coke and Pepsi over plastic pollution and recycling claims; consolidation in the carbon accounting sector; new tool launched for banks and investors to assess portfolio nature impact; capital raises for electric aviation, renewable energy development, 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
Archer Lands up to $500 Million Purchase Deal for Electric Aircraft in Japan
FREYR Acquires 5GW Solar Module Plant from Trina Solar for $340 Million
H&M Signs Solar PPA Enabling New Renewable Energy Construction in Texas
Meta Signs 260 MW Solar Energy Purchase Deal with Engie to Support Net Zero Goals
Guest Post: Third-Party Data Centers are Corporate ESG’s Ticking Time Bomb
Samsonite to Ramp Recycled Materials Use to Tackle Scope 3 Emissions
Coty Sets New Sustainable Packaging, Water Targets
ESG Reporting
California Climate Disclosure Regulation Passes Major Legal Hurdle
Government & Regulators
UK Regulator Drops Green Claims Investigation into Unilever Following Changes by Company
Los Angeles County Sues Coca-Cola and PepsiCo Over Plastic Pollution, Recyclability Claims
UAE Plans to Invest $54 Billion by 2030 to Meet Sustainable Energy Demand
Canada Launches Regulation Requiring 35% Emissions Reduction from Oil & Gas Companies
ESG Services and Tools
Optera Launches Updated Solution to Help Companies Collect and Report Supply Chain Emissions Data
Normative Acquires Carbon Accounting Solution Provider Eivee
Sustainable Finance
NatureFinance Launches Tool Enabling Investors, Banks to Assess Portfolio Nature Impact
Mizuho Invests $20 Million in Climate and Nature Solutions Provider Pollination
Allianz Trade Launches Surety Solution to Enable Clients to Invest in Cleantech, Renewables Projects
Private Equity & Venture Capital
Electric Aircraft Company BETA Technologies Raises $318 Million
Solar and Storage Developer ZE Energy Raises €54 Million to Fund Expansion Across Europe
Sustainable Investing
Exec Moves
LGT Wealth Management Appoints Phoebe Stone as Chief Sustainability Officer
DBS Appoints Shilpa Gulrajani as Head of Sustainable Finance for Institutional Banking