ESG Today: Week in Review
This week in ESG news: Brookfield raises $15 billion for largest-ever net zero transition fund; EU to require auditing of sustainability reporting; LEGO building a carbon neutral factory in US; BlackRock recommends changes to SEC’s climate reporting rules; Google hits renewable energy supply headwinds; Survey finds execs lack confidence in their own reported ESG data; BofA enters large scale renewables deal to power operations; Salesforce, AT&T launch climate solutions collaboration; Canada moves to ban single use plastics; Honeywell launches climate data solution for building owners, 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 Reaches 66% Carbon-Free Energy, but Hits Renewable Energy Supply Headwinds
Hewlett Packard Enterprise Ties Exec Pay to Climate Targets
Carlsberg Trials Fully Recyclable Wood Fibre-Based Beer Bottle
KPMG, MaRS Launch Climate Tech Startup Accelerator in Canada
Volvo Testing Next-Generation Zero Emissions Hydrogen-Powered Truck
LEGO to Build a $1 Billion Carbon Neutral Factory in U.S.
Government & Regulators
UK Launches “Green Nudge” Initiative to Encourage Sustainable Investment Choices
Canada Moves to Eliminate Single Use Plastics
Australian Securities Regulator Warns it’s on the Lookout for Greenwashing
ESG Reporting & Disclosure
EU to Require Auditing of Sustainability Reporting, Disclosure by Large non-European Companies
BlackRock Proposes Changes to SEC Climate Disclosure Rules on Scope 3, TCFD Alignment
Survey: Over 70% of Execs Lack Confidence in Their Own ESG Data Reported to Stakeholders
Investor Groups Call to Keep Gas Out of UK’s Green Taxonomy
U.S. Business Leaders Oppose SEC’s Proposed Climate Disclosure Rules
UK Pensions Required to Disclose 1.5°C Climate Alignment of Portfolios
ESG Services and Tools
ESG Data Platform ESG Book Raises $35 Million
Salesforce, AT&T Launch Climate Solutions Collaboration
Honeywell Launches Solution to Help Building Owners Track & Reach Climate Goals
Normative Launches Free Solution Enabling Businesses to Track Carbon Reporting Compliance
BearingPoint Acquires Sustainability and Environmental Transformation Consultancy I Care
ESG Investing
AllianceBernstein Partners with Impact Engine to Bolster Purpose-Driven Investment Offerings
ICE Launches New Suite of Corporate Bond Climate Indices
Oaktree Commits to Measure & Report Portfolio GHG Emissions
Mirova Acquires Emerging Markets Clean Energy Investment Investor SunFunder
Sustainable Finance
Citi, ING, SocGen to Develop Finance Framework to Decarbonize Aluminum Sector
Private Equity
Brookfield Raises $15 Billion for Largest-Ever Net Zero Transition Fund
Seaweed-Based “Cow Burps” Emissions Reduction Startup Symbrosia Raises $7 Million
Generate Capital Backs Renewable Energy Developer Pine Gate with $500 Million Commitment
Climate Startup EH2 Raises Nearly $200 Million to Scale Green Hydrogen Tech
Energy Transition
Bank of America Sources 160 MW of Solar Energy to Power Operations
Air Liquide, Siemens Energy Team up to Scale Renewable Hydrogen Tech
Schneider Electric Acquires EV Charging Platform EV Connect
Exec Appointments
Sustainalytics Founder Michael Jantzi, SASB Chair Jeffrey Hales Appointed to ISSB
Insignia Financial Names James Tayler Head of Responsible Investing
