ESG Today: Week in Review
This week in ESG news: UAE kicks off COP28 with new $30 billion climate fund; UK’s FCA releases final Sustainable Disclosure Requirements for asset managers; H&M launches green finance program to fund suppliers’ decarbonization programs; Virgin Atlantic flies milestone green fuel-powered flight; Nasdaq launches AI-powered ESG data platform; Deloitte, IBM integrate sustainability solutions; HSBC, Standard Chartered among major banks to exit SBTi; EY study finds companies not yet ready for IFRS sustainability reporting; capital raises for carbon removal, measurement solutions, zero emissions aviation tech; Bloomberg launches tool to assess companies’ SDG impact, 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
American Airlines Signs Carbon Removal Agreement with Cleantech Startup Graphyte
Dow to Build $6.5 Billion Net Zero Chemical Plant in Canada
Virgin Atlantic Completes First Ever 100% SAF-Powered Transatlantic Flight on Commercial Airliner
H&M Launches Green Loan Program to Finance Suppliers’ Emissions Reductions Initiatives
Government & Regulators
UAE Launches $30 Billion Climate Action Fund
FCA Releases Anti-Greenwashing and Sustainable Investment Product Rules
EU Commits €4 Billion to Fund Decarbonization, Cleantech Manufacturing Projects
ESG Reporting & Disclosure
EFRAG, GRI to Collaborate on Sustainability Reporting Standards Development, Training
ESG Services and Tools
Nasdaq Launches AI-Powered ESG Data Platform
Deloitte, IBM Launch Sustainability Solutions Collaboration
EY, AspenTech Partner on Sustainability Solutions for Industrial, Energy Sectors
Bloomberg Launches New Tool to Assess Company Impact on SDGs
Sustainable Finance
HSBC, Standard Chartered, other Major Banks Exit SBTi
Mizuho Invests in Climate Impact X to Expand Carbon Credit Market in Japan
BNP Paribas Ends Financing for Metallurgical Coal Mining
Private Equity & Venture Capital
Carbon Storage Verification Tech Startup Yard Stick Raises $12 Million
Carbon Removal Startup Carbo Culture Raises $18 Million
Hydrogen-Electric Aviation Startup ZeroAvia Raises $116 Million
ESG Investing
Impact Investor responsAbility Launches $500 Million Asia-Focused Climatetech Investment Strategy
Reports, Surveys & Studies
Companies Only Partly Ready for New IFRS Climate Reporting Standards: EY Survey
Over 4% of Global GDP at Risk from Climate Change by 2050, S&P Warns
