ESG Today: Week in Review
This week in ESG news: BCG launches sustainability and climate policy & regulation center; Congress votes down Biden ESG investing rule; Deutsche Bank eyes big sustainable finance opportunity; Canada government to require suppliers to disclose emissions, set targets; Citi sets climate goals for carbon-intensive sectors; EU lawmakers agree to new green bond market rules; Australia targets Mercer in greenwashing crackdown; IKEA switching to fossil fuel-free glue to address climate footprint; more states push back on anti-ESG initiatives; Pandora ties debt costs to climate & circularity goals; ERM acquires sustainable finance advisory; capital raises for building decarbonization tech, ESG data, sustainable transport, biogas , 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
IKEA to Switch to Bio-Based Glue to Reduce Climate Footprint
BMW Launches Pilot Hydrogen Fuel Cell-Powered Car Fleet
JetBlue Provides Platform Enabling Customers to Address Flight Emissions with SAF Purchases
Troubled UK Gigafactory Startup Britishvolt sold to Australia’s Recharge Industries
Guest Post: Balancing the Bottom Line with the Green Line
Government & Regulators
Government of Canada to Require Suppliers to Disclose Emissions, Set GHG Reduction Targets
EU Lawmakers Strike Deal to Establish European Green Bond Standards
Republican Resolution to Stop Biden ESG Investing Rule Passes in U.S. House
Advertising Watchdog says Lufthansa Ad Made Misleading Environmental Claims
UK to Take “More Permissive Approach” to Competition Law for Agreements that Combat Climate Change
Australia Regulator Kicks off Greenwashing Crackdown with Suit Against Mercer
Wyoming Joins List of States Rejecting Anti-ESG Measures
ESG Reporting & Disclosure
Guest Post: Seven Ways ESG Reporting is Already Here
ESG Services and Tools
ERM Acquires Sustainable Finance Advisory Firm NINT
BCG Launches Climate & Sustainability Policy and Regulation Center
ESG Investing
Macquarie Launches Biomethane Platform as EU Looks to Ramp Investment
MAPFRE Acquires Majority Stake in ESG Fund Manager La Financière Responsable
Sustainable Finance
Citi Commits to Emissions Reductions in Automotive, Real Estate Loan Portfolios
Deutsche Bank Sees ESG-Related Revenue Accelerating to €1.4 Billion by 2025
Pandora Ties Debt Costs to Climate, Circularity Goals for $500 Million Bond Program
Lloyds Bank Acquires Electric Vehicle Leasing Company Tusker for £300 Million
Private Equity & Venture Capital
Climate Tech Startup BlocPower Raises $150 Million to Expand Low Income Building Decarbonization
Divert Announces $1 Billion Agreement with Enbridge to Fund Waste Food-to-Clean Energy Buildout
Ares to Invest Up to $250 Million in “Electric Trucks-as-a-Service” Provider Current Trucking
Private Markets ESG Data Platform Novata Raises $30 Million
Exec Moves
Climate Accounting Platform Persefoni Appoints Kristina Wyatt as Chief Sustainability Officer
Reports, Studies & Surveys
Global Growth in Energy-Related Emissions Slows to Less than 1% in 2022: IEA
