ESG Today: Week in Review

ESG Today: Week in Review

This week in ESG news: New York Senate passes bill mandating GHG emissions reporting for large companies; Microsoft hits 100% clean energy milestone; ECB fines Crédit Agricole for not meeting climate risk expectations; EY introduces new framework to help companies embed sustainability across the enterprise; ISO launches new climate adaptation standard; 10 U.S. states warn companies against participating in environmental groups; Bloomberg appoints new global head of sustainable finance; ECB warns revised EU sustainability reporting standards will reduce transparency for investors; capital raises for nature-based carbon removal, sustainable aviation fuel, industrial decarbonization 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 Hits 100% Renewable Electricity Milestone

Amazon to Help Suppliers Invest in Clean Fuel Carbon Credits

Google, Ormat Sign Deal to Power Data Centers from New Geothermal Projects

Heineken Achieves 100% Renewable Energy-Powered Brewing in Spain

Exomad Green, Senken Sign 105,000 Tonne Carbon Removal Deal to Target Aviation Sector

ISO Launches New Climate Adaptation Standard

Compliance vs Competitiveness: Why It Shouldn’t Be A Trade-Off

London’s Heathrow Airport Targets 5.6% SAF Use in 2026, 11% in 2030

Government & Regulators

Multi-State Coalition Warns Companies Against Participating in Sustainable Packaging Initiatives

ECB Fines Crédit Agricole €7.6 Million for Not Meeting Climate Risk Expectations

Sustainability Reporting

ECB Warns Simplified EU Sustainability Reporting Standards “Significantly Reduce Transparency for Investors”

New York Lawmakers Pass Bill Mandating GHG Disclosure by Large Companies

ESG Services and Tools

EY Launches Framework to Help Companies Embed Sustainability Across the Enterprise

TrusTrace, Retailers Launch New Human Rights Due Diligence Platform

ClimeFi Launches Carbon Removal Project Due Diligence Platform

Sustainable Finance

France Grants INEOS €300 Million to Decarbonize Chemical Plant

Lydian Energy Secures $689 Million to Build U.S. Solar and Battery Storage Projects

Sustainable Investing

Ontario Teachers’ Pension Plan Replaces Portfolio Emissions Reduction Goal with New Climate Investment Target

Private Equity & Venture Capital

hummingbirds Raises $59 Million to Scale Nature-Based Carbon Projects

Shell, British Airways Parent IAG Lead New Capital Raise for SAF Producer LanzaJet

Metafuels Raises $24 Million to Scale Low-Cost Synthetic Sustainable Aviation Fuel Technology

Utility Global Raises $100 Million to Decarbonize Hard-to-Abate Sectors with Clean Hydrogen Tech

Exec Moves

Ostrum Appoints Maud Pierre-Minuit as Head of Sustainable Transitions

Bloomberg Appoints S&P Sustainability Unit Chief Lauren Smart as Global Head of Sustainable Finance

Schroders Capital Appoints Holly Turner as Head of Sustainable Investments

Mark founded ESG Today following a 20 year career in investment management and research. Prior to founding ESG Today, Mark worked at Delaney Capital Management (DCM) in Toronto, Canada, most recently as the firm’s head of U.S. equities. While at DCM, Mark was part of the firm’s ESG team, responsible for evaluating and tracking the sustainability factors impacting portfolio companies, and assessing the suitability of companies for portfolio inclusion. Mark also spent several years in the sell-side research industry, covering the technology and services sectors. Mark holds an MBA from Columbia University in New York, a BBA from the Schulich School of Business at York University in Toronto, and is a CFA charterholder.

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