ESG Today: Week in Review
This week in ESG news: SEC investigates Goldman Sachs over ESG funds; BlackRock launches energy transition megatrend strategy; United Airlines purchases fuel made from captured CO2; Supply chain sustainability ratings platform EcoVadis raises $500 million; study finds less than 10% of climate funds are aligned with net zero goals; bp, TotalEnergies announce multi-billion clean energy investments; Unilever invests in sustainable alternative to palm oil & fossil fuels; BlackRock opens up proxy voting to index investors; Banking regulator recommends tying pay to climate risk management; new study compares emerging climate disclosure standards; Sony and Honda launch a new EV company; EU lawmakers vote to keep nuclear and gas out of EU Taxonomy, 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
Unilever, Genomatica, Invest $120 Million to Develop Sustainable Palm Oil & Fossil Fuel Alternatives
United Airlines to Purchase 300 Million Gallons of Sustainable Aviation Fuel Produced from CO2
UN’s Race to Zero Campaign Toughens Criteria for Company and Financial Institution Net Zero Plans
Emerson Pledges to Reach Net Zero Value Chain Emissions by 2045
Holcim Invests in Technology Provider to Develop Building Materials from Captured Carbon
Power Giant NextEra Pledges to Eliminate Emissions by 2045 Without Offsets
Ørsted Targets 400,000 Tonnes of Carbon Capture & Storage by 2025
Aramark Commits to Cut Carbon Footprint of the Food it Serves
Government & Regulators
SEC Investigating Goldman Sachs over ESG Funds
Global Banking Supervisor Tells Banks to Consider Linking Compensation to Climate Risk Management
EU Lawmakers Vote to Keep Nuclear and Gas out of Green Investment Taxonomy
ESG Reporting & Disclosure
Study Reveals Convergence, Remaining Differences Among Emerging Climate Disclosure Frameworks
ESG Services and Tools
Value Chain-Focused Sustainability Ratings Provider EcoVadis Raises $500 Million
Guest Post: Improving Your Brand Image and Reputation Through ESG Programmes
Persefoni Launches Carbon Modeling and Management Solutions for Companies and Investors
ISS ESG Launches Tool for Investors to Assess Modern Slavery Risk in Portfolios
MetaVerse Green Exchange Launches Card Enabling Companies to Offset Travel Emissions
ESG Investing
BlackRock Launching Energy Transition Megatrend-Focused Infrastructure Strategy
Sustainable Investment Group IIGCC Releases Net Zero Alignment Guidance for Infrastructure Investors
BlackRock Opens up Proxy Voting to Index Clients
Luxembourg Awards Schroders with Climate-Focused Blended Finance Impact Investing Mandate
Franklin Templeton Adds China ETF to Suite of Paris-Aligned Climate Funds
Less Than 10% of Climate Funds are Aligned with Global Decarbonization Goals: S&P
Sustainable Finance
Private Equity
Climate Tech Startup C-Zero Raises $34 Million to Pilot Zero Emissions Hydrogen Plant
Social Impact Management Platform Submittable Raises $47 Million, Led by Accel-KKR
Sky Backs New £100 Million Climate Tech Startup Fund
LGT Capital Raises over $500 Million for its Inaugural Impact Fund
Energy Transition
TotalEnergies, Adani to Invest $50 Billion in World’s Largest Green Hydrogen Ecosystem
Petronas Launches Clean Energy Company, Targets Over 30 GW Renewables Capacity
bp Takes Largest Stake in Massive Green Hydrogen & Renewables Project in Australia
Sony and Honda Join Forces to Launch New EV Company, Targets Sales by 2025
Macquarie’s GIG, Bluestone Energy to Develop up to 2GW of Battery Storage Projects
Investor Group Commits $650 Million to Finance World’s Largest Green Hydrogen Platform
Exec Appointments
Partners Capital Appoints Michael Viehs as Global Head of Sustainable Investing
Greystar Appoints Cope Willis as Managing Director of Sustainability
