ESG Today: Week in Review
This week in ESG news: Brazil, Australia announce plans for mandatory sustainability reporting based on new IFRS standards; Bloomberg, S&P launch physical climate risk assessment solutions; EU adopts European green bond standards; H&M’s inaugural green bond meets strong demand; institutional investors say financial returns driving sustainable investing; Switzerland to develop labeling and disclosure rules for ESG investment products; Deutsche Bank unveils net zero action plan; capital raises for sustainable mining, geothermal energy tech; Amazon adds 39 renewables projects, 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
Coca-Cola Launches 100% Recycled Plastic Bottles in Canada
Amazon Adds More than 1 GW of Renewable Energy Capacity in Europe
Stellantis Invests $1.6 Billion in New Partnership with Chinese EV Automaker Leapmotor
Honeywell Launches Renewable Fuel Production Technologies in Asia Pacific
Air Liquide, Vattenfall Sign 115 MW Renewable Energy Deal in Benelux
Corio, Rise Buy $420 Million Stake in TotalEnergies 3GW U.S. Offshore Wind Project
$1 Trillion Business Coalition Calls for Plans to Phase Out Fossil Fuels at COP28
Government & Regulators
New York Announces Largest-Ever State Renewable Energy Investment
EU Council Adopts New European Green Bond Standard
Switzerland to Introduce Labelling and Disclosure Rules for Sustainable Investment Products
ESG Reporting & Disclosure
Brazil to Require Mandatory Sustainability Reporting from 2026
Australia Releases Proposed IFRS-based Climate-related Reporting Standards
ESG Services and Tools
S&P Global Adds Physical Risk Assessment to Climate Credit Analytics Solution
Bloomberg Launches Indicators to Measure Exposure to Physical Climate Risk
Alcumus Acquires Sustainability Certification Provider Planet Mark
TMF Group Launches ESG Reporting Service
Sustainable Finance
DBS Launches Sustainable Finance Solution for SMEs
H&M Issues its First $500 Million Green Bond to Fund Climate, Circularity Goals
Deutsche Bank Publishes Net Zero Transition Plan for Operations, Supply Chain, Financed Emissions
ESG Investing
Private Equity & Venture Capital
Geothermal Energy Tech Startup Eavor Raises $182 Million
Sustainable Mining Tech Startup Eden Raises $12 Million
Exec Moves
M&G Appoints Kathy Ryan as its First Chief Sustainability Officer
Reports, Surveys & Studies
Current Policies on Track for Peak Oil, Gas and Coal by 2030 for First Time: IEA
