ESG Today: Week in Review
This week in ESG news: DWS offices raided on greenwashing claims, CEO resigns; Net Zero Asset Managers passes $60 trillion signatories; Microsoft, Accenture to co-develop ESG solutions; Nasdaq acquires sustainability reporting software provider Metrio; G7 commit to decarbonize electricity sectors, ramp hydrogen markets; regulator calls for oversight on ESG ratings and data providers; Germany issues €4 billion green bonds, to establish green yield curve; BlackRock supports fewer climate resolutions; Vanguard aligns $290 billion assets with net zero goal; EV supercar maker Rimac hits €2 billion valuation; Google, Engie partner on wind energy optimization solutions, 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
Real Estate Investor CapitaLand Commits to Net Zero by 2050
Iberdrola Launches Initiative to Advance Recycling of Wind Turbines
Guest Post: The Business Benefits of Improved ESG Performance
Volvo Announces First Ever Delivery of Construction Equipment Made with Fossil-Free Steel
Embraer to Reach 100% Renewable Energy by 2024
Novelis to Scale Use of Low-Carbon, Recycled Aluminum
Aviva Investors Cuts Carbon Intensity of £47 Billion Real Asset Portfolio by 25%
Government & Regulators
European Markets Regulator Provides Guidance for Supervision of Sustainable Investing Funds
Auditor Finds EU Climate Spend Overstated by €72 Billion, Reporting Unreliable
UK Launches Review of the Role of Financial Sector in the Net Zero Transition
G7 Commits to Ramp Hydrogen, Decarbonize Electricity Sectors
ESG Reporting & Disclosure
BlackRock Partners with Clarity AI to Offer Aladdin Users Data for SFDR Reporting
Guest Post: Supply Chain Emissions Management Isn’t As Daunting as It’s Been Made Out To Be
ESG Services and Tools
French Regulator AMF Calls for Regulation of ESG Data and Ratings Providers
Accenture, Microsoft to Co-Develop Climate & ESG Solutions
Nasdaq Acquires ESG Reporting Software Provider Metrio
ESG Investing
DWS CEO Steps Down After Greenwashing-Related Police Raid
BlackRock Supports Fewer Climate Resolutions at Exxon, Chevron
Vanguard Aligns $290 Billion in Assets to Net Zero Goal
Fidelity Expands ESG Investment Suite with New Health & Wellness-Focused Fund
Bloomberg Launches Suite of Paris Aligned Benchmark Indices
Net Zero Asset Managers Initiative Passes $60 Trillion AUM
Guest Post: The Irresponsible Investor
Sustainable Finance
Germany Raises €4 Billion from Green Bond, Plans Green Yield Curve
Private Equity
Novoloop Raises $21 Million to Scale Plastic “Upcycling” Tech
Supply Chain-Focused Climate Tech Startup ZeroNorth Raises $50 Million
Softbank, Goldman, Porsche Invest in EV Supercar Group Rimac at €2 Billion Valuation
Energy Transition
New Solar and Storage Awards to Enable New York to Reach 66% Renewable Electricity Capacity
Google, Engie Partner on AI-Based Solution to Optimize Wind Portfolio
Southwest Airlines Invests in DOE-Backed Sustainable Aviation Fuel Project
Exec Appointments
Churchill Asset Management Appoints Mickey Weatherston as Head of Sustainability and ESG Integration
Green Finance Company Aspiration Names Olivia Albrecht as Chief Sustainability Officer