ESG Today: Week in Review
This week in ESG news: Shell & Lufthansa announce one of the largest-ever sustainable aviation fuel deals; India ramps 2030 emissions reduction commitment to 45%; Singapore kicks off multi-year green bond program to strong demand; Hilton pledges to cut emissions from hotel portfolio; Carlyle launches sustainability-linked finance program; Lear to power global operations with renewable energy by 2030; GM raises over $2 billion with first green bond; UK investigates greenwashing by fashion retailers; capital raises for sustainable energy storage, automated solar; renewable fuels and electric trucks; consolidation in environmental & carbon markets; anti-greenwashing rules for Australia’s banks and investment funds, 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
Lear Commits to 100% Renewable Energy Across Global Operations by 2030
BASF to Surpass 25% Renewable Energy in North America with New Supply Deals
Lufthansa Unveils “Green Fare,” Embedding Cost of Offsetting Flight CO2 in Price
Hilton Sets Emissions Reduction Goal for Hotels
Visa Launches Sustainability Features Suite for AsiaPac Cardholders
Turkish Airlines Launches Program Enabling Passengers to Offset Travel Emissions
DSM Accelerates Climate Targets, Pledges 100% Renewable Energy by 2030
Government & Regulators
India Commits to 45% Emissions Intensity Reduction by 2030
Biden Turns to Private Sector to Ramp Building Decarbonization Efforts
UK Competition Regulator Investigates Green Claims of Fashion Retailers
ESG Services and Tools
Impact Assessment Startup Proof of Impact Raises $6 Million
United Rentals Launches Solution to Track and Report Emissions from Rented Equipment
ESG Investing
Australia Financial Industry Body Sets Anti-Greenwashing Expectations for Fund Managers
Sustainable Finance
Singapore Raises S$2.4 Billion in Inaugural Green Bond Offering
Citi Launches Sustainable Deposit Solution in Asia Pacific
Carlyle Launches Decarbonization-Linked Finance Program for Private Credit Market
GM Issues its First Green Bond to Power Clean Transportation Investments
Private Equity & Venture Capital
Warburg Pincus Invests $250 Million in Renewable Fuels Project Montana Renewables
Heavy Duty Electric Truck Manufacturer Orange EV Raises $35 Million to Meet Growing Demand
Carlyle, GIC, Back Gigawatt-Scale Green Ammonia Developer Eneus Energy
CleanTech Provider Terabase Raises $44 Million to Scale Automated Solar Deployment Platform
Sustainable Battery Tech Company VoltStorage Raises $24 Million for Lithium Alternative Solution
Energy Transition
Shell, Lufthansa Announce One of the Largest-Ever Sustainable Aviation Fuel Deals
Alaska Airlines Announces 185 Million Gallon Sustainable Aviation Fuel Deal with Gevo
Renewable Energy Developer Longroad Raises $500 Million to Fund Transition to Asset Ownership Model
BP to Invest up to $60 Million in UK EV Battery R&D Center
Exec Moves
Ahold Delhaize Appoints its First Chief Sustainability Officer
Robeco Hires David Thomas for Upcoming Launch of Biodiversity Strategy
Deloitte Africa Hires Sustainability Reporting Leaders Jayne Mammatt and Jyoti Vallabh