ESG Today: Week in Review
This week in ESG news: Florida and Texas go on the offensive against ESG investing; McDonald’s appoints a chief impact officer; World’s first all-hydrogen powered passenger train goes into operation; California bans gas-powered car sales from 2035; Oxy to build world’s biggest Direct Air Capture plant; largest Coca Cola bottler sets up sustainability-linked supply chain finance program; Canada sings EV & battery supply chain agreements with VW and Mercedes Benz; capital raises for sustainability data, residential solar tools, climate action solutions, geothermal and renewable energy development; Amazon to decarbonize operations with green hydrogen; Robeco opens up sustainable investing IP, 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
Occidental Plans to Build World’s Largest Direct Air Capture Plant
First 100% Hydrogen-Powered Passenger Train Route Begins Operation in Germany
KLA Commits to Cut Emissions in Half by 2030, Reach Net Zero by 2050
HH Global Ramps 2040 Net Zero Goal to 90% Emissions Reduction
Firmenich Commits to Net Zero Emissions by 2039, Climate Targets Approved by SBTi
Government & Regulators
Florida Bans ESG Investing in $228 Billion State Pension Funds
California to End Sales of Gas-Powered Cars by 2035
Canada Signs EV and Battery Supply Chain Agreements with Volkswagen, Mercedes-Benz
ESG Services and Tools
Guest Post – Beyond ESG: How Technology is Pushing Impact Measurement Forward
EnergyCAP Acquires Energy Management Analytics Software Provider Wattics
Diginex Launches “Worker Voice” Supply Chain Transparency Platform
Guest Post – DEI: More Than Just an ESG Metric, It’s an Operational Framework
ESG Investing
Robeco Opens up Access to Sustainable Investing IP
Sustainable Finance
Eaton Ties Terms on New $1.3 Billion Bond to Performance on Climate Goals
Coca-Cola Europacific Partners Launches Sustainability-Linked Supply Chain Finance Program
Private Equity & Venture Capital
BlackRock-Temasek Decarbonization Fund Backs Climate Action Solutions Startup Carbon Direct
Residential Solar Installation Software Startup Solar Monkey Raises €4 Million
Sustainability Data Platform Worldfavor Raises $10 Million to Fuel Growth
KKR, GCM Grosvenor Invest in U.S. Renewable Energy Developer Arevia Power
Geothermal Power Startup Fervo Raises $138 Million
Energy Transition
Amazon Buys Green Hydrogen to Power Transportation & Buildings
Sealed Air Invests $9 Million in Solar Farm to Power California Manufacturing Facility
RWE Acquires Polish PV Developer Alpha Solar
Exec Moves
Kempen Appoints Herman Kleeven as Investment Lead for Sustainable Equity Team
McDonald’s Appoints Jon Banner as Chief Impact Officer
