This week in ESG news: Investors pressure US banks to phase out financing for fossil fuels; ECB launches indicators for banks and investors to track climate risk; Microsoft enters massive deal for solar panels; BMW reduces new vehicle emissions almost 10% in 2022; Red states move to block ESG investing in pension plans; U.S. Bank appoints its first head of sustainable finance; ESG driving asset allocation to real assets; Emirates tests plane with 100% sustainable aviation fuel powered-engine; PRI releases new responsible investing reporting framework; execs say sustainability strategy hasn’t reached supply chain yet; capital raises for green steel, hydrogen-powered mobility, emissions detection tech, 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
Alaska Airlines Ends Use of Plastic Cups on Flights
BMW Reduces Vehicle Fleet Carbon Emissions by 9% in 2022
Guest Post: ESG isn’t About Altruism – it’s About Survival
Lenovo, Kuehne+Nagel Partner on Solution to Offset Shipping Emissions with SAF Purchases
Emirates to Conduct Flight Using 100% Sustainable Aviation Fuel-Powered Engine
Government & Regulators
ECB Launches New Financed Emissions and Sustainable Finance Indicators to Track Climate Risk
Guest Post: Why Governments Must Encourage More Investment in Green Infrastructure, Now!
ESG Reporting & Disclosure
Canada’s BDC Launches ESG Reporting Tool for Venture Investors
ESG Services and Tools
Broadridge Launches Tool Enabling Companies to Compare ESG Performance Against Peers
ESG Investing
PRI Updates Responsible Investment Reporting Framework for Investors
responsAbility Raises $274 Million for Sustainable Food Strategies
Ontario Teachers Pension Plan Sets Expectation for 40% Women Representation on Boards
Putnam Expands Active ETF Suite with New ESG Funds
Sustainable Finance
India’s Inaugural Green Bond Earns ‘Greenium’ on Solid Demand
Eni Doubles Sustainability-Linked Bond Offering to €2 Billion On “Extraordinary” Demand
Private Equity & Venture Capital
ArcelorMittal Leads $120 Million Capital Raise for Green Steel Startup Boston Metal
Methane Emissions Detection Platform Kuva Raises $11 Million
ECL Raises $7 Million to Build Zero Emissions, Green-Hydrogen Powered Data Center
Energy Transition
Carlyle, Schneider Electric JV to Provide Massive Rooftop Solar Array for New JFK Airport Terminal
Qcells to Supply Over 2.5 GW of Solar Panels for Microsoft’s Clean Energy Projects
VINCI Invests €15 Million in Hydrogen-Powered Taxi Operator Hype
Exec Moves
Credit Suisse Asset Management Appoints Christine Chow as Head of Active Ownership
U.S. Bank Appoints its First Head of Sustainable Finance
Reports, Studies & Surveys
ESG Emerging as a Key Driver of Growing Investor Allocation to Real Assets: Survey
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