ESG Today: Week in Review
This week in ESG news: HSBC & Temasek launch sustainable infrastructure finance platform; UBS to remove 40,000 tons of CO2 with climate tech startups; Accenture adds climate strategy consultancy to series of ESG acquisitions; CalSTRS sets climate goals for $300 billion portfolio; TD provides exposure to carbon credits with new fund; Renault Trucks launches circular economy-focused “disassembly plant”; Metlife acquires ESG investment manager AIM; Toyota & Honda announce multi-billion EV battery investments; capital raises for green steel, solar PV development; First Solar to scale U.S. capacity after passage of climate bill, 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
Equinor, Wintershall Dea Partner on Major Carbon Capture and Storage Project
Renault Trucks Launches Vehicle “Disassembly Plant” to Boost Circular Economy Initiatives
Trimble Sets Goals to Slash Emissions, Source 100% Renewable Energy
UBS Signs Deals With Climate Tech Startups to Remove Nearly 40,000 Tons of CO2
First-Ever Cross Border CO2 Transport and Storage Deal Signed Between Northern Lights JV, Yara
Government & Regulators
Germany, Denmark to Build Offshore Wind “Island” to Bolster Climate, Energy Independence Goals
ESG Services and Tools
Accenture Acquires Climate Strategy Consultancy Carbon Intelligence
Real Estate ESG Data Provider Measurabl Acquires Utility Analytics Platform WegoWise
ESG Investing
CalSTRS Pledges to Cut GHG Emissions of $300 Billion Portfolio in Half by 2030
MetLife Acquires ESG Investor Affirmative Investment Management
TD Launches ETF to Provide Exposure to Global Carbon Credit Market
Swiss Life Asset Managers Launches Global Renewable Energy Infrastructure Fund
Sustainable Finance
HSBC, Temasek Launch Sustainable Infrastructure Financing Company
OP Financial to Cut Loan and Investment Portfolio Emissions, Boost Sustainable Finance
Renewable Energy Investor Low Carbon Signs £230 Million Facility to Back Solar PV Development
Private Equity & Venture Capital
Decarbonized Steel Startup H2 Green Steel Raises $190 Million
Energy Transition
Toyota to Invest Over $5 Billion in US & Japan EV Battery Capacity
Honda, LG to Invest Over $4 Billion in US EV Battery Plant
IKEA Parent Ingka Acquires €58 Million Stake in 9GW Offshore Wind Project Portfolio