ESG Today: Week in Review
This week in ESG news: SEC approves U.S.’ first sustainability-focused stock exchange; Microsoft signs record-breaking permanent carbon removal deals; Net-Zero Banking Alliance drops 1.5°C commitment; U.S. walks out on international shipping decarbonization agreement; GM’s new Chief Sustainability Officer; EU selects first industries for product ecodesign requirements; Trump halts work on massive New York renewable energy project; Oxy acquires another DAC carbon removal tech company; JPMorgan raises $1.5 for sustainable forestry fund; Apollo commits $400 million to new solar JV; EU eases compliance requirements for supply chain deforestation law; capital raises for clean energy fintech, carbon capture tech, 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
Microsoft Signs Largest-Ever Permanent Carbon Removal Purchase Agreement
Oxy Acquires Carbon Removal Tech Startup Holocene
Guest Post: What the SBTi’s Draft Corporate Net-Zero Standard Version 2.0 Means for Businesses
Microsoft Signs Deal to Remove 3.7 Million Tons of CO2 from U.S. Pulp and Paper Mill
International Agreement Reached to Decarbonize Global Shipping, as U.S. Walks Out
Viking, Fincantieri to Launch First-Ever Hydrogen-Powered Cruise Ship
ESG Reporting
Guest Post: Omnibus Working Against Green Deal Goals
Government & Regulators
UK Releases Carbon Credit “Integrity Principles” to Advance Carbon Markets
Trump Admin Halts $5 Billion New York Offshore Wind Project
EU to Set Sustainable Design Requirements for Apparel, Steel, Furniture Products
Sustainable Finance
Net Zero Banking Alliance Drops Requirement to Align Financing with 1.5°C
Private Equity & Venture Capital
NovoMOF Raises $5.4 Million to Scale Up Low-Cost Carbon Capture Materials
Fintech Startup Crux Raises $50 Million to Build Capital Market Platform for Clean Energy Developers
Apollo Commits up to $400 Million to Launch New Community Solar JV with Summit Ridge
Sustainable Investing
SEC Approves Launch of U.S.’ First Sustainability-Focused Stock Exchange
JPMorgan AM Raises $1.5 Billion for Forest & Climate Solutions Fund
Exec Moves
GM Appoints Dell’s Sustainability Head as New Chief Sustainability Officer
Impact Investor BlueOrchard Appoints Michael Wehrle as New CEO
