ESG Today: Week in Review
This week in ESG news: Net zero investor coalition hits pause after BlackRock exit; Amazon invests $1 billion to decarbonize its delivery network; Apollo, StanChart team up to finance energy transition infrastructure; IKEA to invest $1 billion in circular economy companies; Mars’ new Chief Sustainability Officer; McDonald’s ends DEI goal setting; New York invests $1 billion in decarbonization; Schroders wins $6 billion sustainable investing mandate; Google signs record biochar carbon removal agreements; Barclays Head of Sustainability steps down; Meta sources more renewable energy in U.S.; capital raises for carbon credit ratings, clean energy solutions, biodiversity tracking tech; EV trucks, 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
Google Signs Largest-Ever Biochar Carbon Removal Purchase Deals
IKEA Parent Ingka to Invest $1 Billion in Recycling-Focused Companies
Amazon to Invest Over $1 Billion to Decarbonize Deliveries in Europe
Meta Ramps Texas Renewable Energy Purchases with Engie to 460 MW
London’s Heathrow Airport Targets 3% SAF Use in 2025, 11% in 2030
McDonald’s Retires DEI Goal Setting
ESG Reporting
Schneider Electric, PCAF Partner to Help Banks, Investors Measure & Report Financed Emissions
Government & Regulators
New York Governor Commits $1 Billion to Decarbonize Economy
EBA Releases Requirements for Banks to Manage ESG Risks
U.S. Allocates $6 Billion Tax Credits to Support Clean Energy, Industrial Decarbonization Projects
ESG Services and Tools
SGS Expands Sustainability Platform with Launch of Nature Services Suite
ERM Acquires Newfields’ Environmental Division
Sustainable Finance
SocGen, EIB Team up to Unlock Billions to Finance Clean Energy Development
IFC Issues $2 Billion Social Bond to Fund Projects in Emerging Markets
Apollo, Standard Chartered Launch $3 Billion Energy Transition Financing Partnership
Private Equity & Venture Capital
Algebris Launches €100 Million Climate Tech Venture Fund
BeZero Carbon Raises $32 Million to Expand Carbon Credit Rating Platform into New Markets
EV Startup Harbinger Raises $100 Million to Meet Demand for Electric Trucks
responsAbility Raises Over $350 Million for Asia-Focused Climate Tech Investment Strategy
NatureMetrics Raises $25 Million to Scale Biodiversity Monitoring and Reporting Platform
Sustainable Investing
Schroders Wins $6.3 Billion Sustainable Investing Mandate from SJP
Net Zero Investor Coalition Hits Pause After BlackRock Exit
Exec Moves
Mars Appoints Alastair Child as New Chief Sustainability Officer
