ESG Today: Week in Review
This week in ESG news: Goldman Sachs charged by SEC over ESG funds; Switzerland adopts mandatory climate reporting; UK regulator to develop code of conduct for ESG ratings and data providers; Amundi reclassifies nearly all Article 9 funds to lower sustainability level; Nespresso launches compostable coffee capsules; Google to hit 90% carbon-free energy in UK & Spain; HCLTech to upskill all 220,000 employees on ESG; EU regulator proposes ESG labelling rules for funds; Morgan Stanley launches fund with 1 billion ton emissions reduction goal; DOL allows climate and ESG investing in retirement plans; Microsoft signs major wind and solar energy purchase deals in Ireland, 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
HCLTech Launches Sustainability School to Upskill all 220,000 Employees on ESG
DHL Develops 400,000 Square Meter Carbon Neutral Logistics Warehouse Portfolio
Climeworks, Gulf Coast Sequestration Partner to Remove & Store 1 Million Tons of CO2
Nespresso Introduces Paper-Based Compostable Coffee Capsules
Air Canada Invests Nearly $7 Million in Climate Solutions Provider Carbon Engineering
COP27: Breakthrough on Funding Repair of Climate Damage, Frustration on Fighting Climate Change
Government & Regulators
EU Commission Unveils €380 Million in Funding for Climate, Biodiversity & Clean Energy Projects
California Announces $3.6 Billion in Funding for Zero-Emission Vehicles and Chargers
DOL Allows Climate and ESG Investing in Retirement Plans
EU Lawmakers Adopt Gender Balance Law for Corporate Boards
EU Markets Regulator Proposes ESG Labelling Rules for Funds
ESG Reporting & Disclosure
Switzerland Adopts Law Requiring Mandatory Climate Reporting for Public Companies, Banks
ESG Services and Tools
UK Regulator to Develop Code of Conduct for ESG Data and Ratings Providers
MSCI Launches Solution for EU Banks to Meet Upcoming ESG and Climate Disclosure Requirements
Experian Launches Solution Providing Lenders with ESG ratings, Emissions Estimate for SMEs
ESG Investing
Amundi Reclassifies Almost All of its $45 Billion Article 9 Funds to Lower Sustainability Level
SEC Charges Goldman Sachs for Not Following ESG Investment Policies
Schroders Launches Real Estate Impact Fund
Morgan Stanley Ties Incentive Comp on New Climate Investment Platform to Emissions Reduction Goals
Sustainable Finance
Mercedes-Benz Becomes First Automotive Company to Issue a Green Panda Bond in China
Private Equity & Venture Capital
Swell Energy Raises $120 Million to Build Out Virtual Power Plant Program
Clean Hydrogen Startup Syzygy Raises $76 Million
Schneider Electric Backs new $500 Million Climate and Industrial Tech Venture Fund
Energy Transition
New Microsoft Wind and Solar Deals to Contribute Nearly 30% of Ireland’s Renewable Energy Target
Google to Reach 90% Carbon Free Energy in UK and Spain Through New Wind & Solar Deals
Enel Enters US Renewable Energy Retail Market
RAF Completes Milestone Flight Using 100% Sustainable Aviation Fuel
