ESG Today: Week in Review
This week in ESG news: KPMG survey finds most M&A dealmakers have cancelled deals on ESG due diligence findings; Blackstone raises $7 billion for energy transition fund; S&P removes ESG scores from credit ratings; U.S. invests over $1 billion in carbon removal projects; BlackRock, New Zealand partner to launch climate infrastructure fund; California launches clean hydrogen strategy; Fitch study finds green bond allocations overlooking climate adaptation; Goldman invests in U.S. biogas platform; capital raises for sustainable water, chemical, microplastics solutions, 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
FMC Commits $30 Million to Global Zero Hunger Goal
Rio Tinto to Supply Iron Ore to H2 Green Steel for Low Carbon Steel Production
Mitsubishi, Suntory and ENEOS to Launch Biomass-Based PET Bottle Supply Chain
Guest Post: Five Steps Small Businesses Can Take Toward Sustainability
Government & Regulators
U.S. Grants $1.2 Billion to Develop Oxy, Climeworks Carbon Removal Projects
Canada Releases Clean Electricity Regulations Targeting a Net Zero Grid by 2035
California Launches Strategy to Scale Up Clean Hydrogen Economy
ESG Reporting & Disclosure
Guest Post – ESRS: A New Chapter in Sustainability Reporting
ESG Services and Tools
Guest Post: A New Seat for Tax at the Sustainability Table
S&P Removes ESG Indicators from Credit Rating Reports
LSEG Partners with Siglar to Enable Shippers to Integrate Carbon Cost into Shipping Decisions
Sustainable Finance
Sustainable Bond Proceeds Disproportionately Allocated to Climate Mitigation over Adaptation: Fitch
ESG Investing
Nuveen Launches $525 Million Sustainable Commercial Real Estate Lending Fund
Private Equity & Venture Capital
Cleantech Startup Matter Raises $10 Million to Apply Microplastics Removal Tech to Industry
Blackstone Raises $7 Billion for Largest-Ever Private Credit Energy Transition Fund
Private Equity Investor GEF Raises Over $200 Million for Brazil-Focused Climate Solutions Fund
Sustainable Industrial Water Solutions Startup Membrion Raises $12.5 Million
Goldman Sachs Invests in Renewable Natural Gas Platform Synthica
Sustainable Chemicals Startup Dioxycle Raises $17 Million
AXA IM Acquires 25% Stake in Renewables Platform Finerge
Sustainable Materials Provider Newlight Raises $125 Million
Exec Moves
Barclays Appoints James Edmonds as Global Head of Sustainable Project Finance
Reports, Studies & Surveys
Over Half of M&A Dealmakers Have Cancelled Deals on ESG Due Diligence Findings: KPMG Survey
