ESG Today: Week in Review
This week in ESG news: Microsoft signs one of largest-ever nature-based carbon removal deal; EU reaches deal on sustainable product rule; Nestlé shifts half of global shipping to green fuels; Deloitte launches sustainability upskilling program; SEC chief warns of consequences of not having a corporate climate reporting rule; BlackRock CEO snaps back at Republicans over ‘woke agenda’ claims; EU lawmakers agree on rules to decarbonize buildings; Singapore launches code of conduct for ESG data and ratings providers; Volvo commits to slash emissions per car by 75%, 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
Microsoft Signs One of the Largest-Ever Nature-Based Deals to Remove 1.5 Million Tons of Carbon
Nestlé Shifts Half of its Global Shipping to Green Fuels
Lufthansa Joins Airbus Carbon Removal Program with 40,000 Ton Carbon Credit Purchase
Amazon Cuts Shipping Emissions with 50% Increase in Rail and Sea Transport in Europe
Thermo Fisher Commits to 80% Renewable Electricity Globally
Exxon Ramps Low Emissions Opportunities Spend to $20 Billion
Volvo Targets 75% Emissions Reduction per Car by 2030
Government & Regulators
EU Lawmakers Agree on New Rules to Decarbonize Buildings
Biden Administration Announces Rules to Cut Methane Emissions for Oil and Gas Sector
EU Regulators Propose New Social, Climate Targets Disclosures for Financial Products
EU Lawmakers Reach Deal on Sustainable Product Rules
Singapore Launches Taxonomy to Define Green and Transition Activities Across Key Sectors
ESG Reporting & Disclosure
ESG Services and Tools
MAS Releases Finalized Code of Conduct for ESG Ratings and Data Providers
Deloitte Launches Sustainability Upskilling Programs for its Professionals with MIT, NYU, ASU
Stripe Launches Platform Enabling Businesses to Pre-order Carbon Removal
Sustainable Finance
FAB Sets $135 Billion Sustainable Finance Goal
Abu Dhabi, BlackRock, HSBC, others Launch Climate Finance Think Tank at COP28
Private Equity & Venture Capital
Cleantech Startup UP Catalyst Raises €4 Million to Produce Battery Materials from CO2
Startup AM Batteries Raises $30 Million for Green EV Battery Technology
ESG Investing
BlackRock CEO Fink Pushes Back Against “Ideological Agenda” Claims at Republican Debate
Amundi Launches Agriculture-Focused Impact Investing Strategy
Bloomberg Launches Green Bond-Tilted Versions of its Flagship Fixed Income Indices
Dutch Central Bank to Align Equity and Corporate Bond Portfolios with Paris Agreement Goals
Mirova Launches $350 Million Sustainable Land Fund
CIP Launches $3 Billion Clean Energy Growth Markets Fund
Exec Moves
Ahold Delhaize Appoints Alex Holt as Chief Sustainability Officer
