This week in ESG news: Microsoft announces one of the largest-ever carbon removal deals; Amazon signs deal for low-carbon shipping; Bloomberg survey finds nearly all execs plan significant increase in ESG data investment; Nearly $2 billion raised for green steel buildout; Allianz to invest over $20 billion in cleantech, climate solutions; GRI aligns reporting standards with new EU sustainability reporting rules; Biden invests $12 billion to convert auto factories to build EVs; capital raises for transport & grid decarbonization, sustainable packaging, recycled battery solutions; Apple endorses California’s proposed climate reporting rules, 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 Permanent Carbon Removal Deals
IKEA Parent Ingka Launches its First Battery Storage Project to Support Clean Energy Goals
Amazon Signs Deal for Low Carbon Shipping with Maersk
Google Signs its First Long-Term Renewable Energy Deal in Ireland
Government & Regulators
ECB Stress Test: Banks’ Credit Risk Doubles by 2030 Under Slower Climate Transition
Hong Kong Central Bank Directs Banks to Integrate Net Zero Transition Planning
Biden Launches $12 Billion Finance Package for Automakers to Convert Factories to Produce EVs
ESG Reporting & Disclosure
Apple Backs California’s Proposed Emissions Reporting Rules
Guest Post – Due Diligence: A Core Concept Underpinning the CSRD Framework
ESG Services and Tools
Euronext Launches New Sustainable Investment Tools, Publishes Issuer ESG Profiles on Website
Over 90% of Executives Plan to Increase Spending on ESG Data this Year: Bloomberg
Sustainable Finance
Allianz to Invest Over $20 Billion in Climate & Cleantech Solutions by 2030
Less than 5% of Banks Have Set Net Zero Commitments Across all Financing Categories: TPI Report
ESG Investing
Fidelity International Adds 6 Article 9 Funds to Sustainable Investment Lineup
Morgan Stanley, Crowley, Launch Wind Energy Infrastructure Platform
Private Equity & Venture Capital
KKR Invests $750 Million in Transport and Grid Decarbonization Solutions Company Zenobē
H2 Green Steel Raises Over $1.5 Billion to Build First-Ever Large Scale Green Steel Plant
Green Steel Startup Boston Metal Raises $262 Million
Closed-Loop EV Battery Materials Provider Ascend Elements Raises $460 Million
Sustainable Packaging Startup Paptic Raises $25 Million
Exec Moves
AXA IM Appoints ESG Investing Veteran Jeroen Bos as Global Head of Equities
Morrow Sodali Appoints Barri Rafferty as CEO, Americas
SAP Appoints Sophia Mendelsohn as Chief Sustainability and Commercial Officer
IFM Investors Appoints Maria Nazarova-Doyle as Head of Sustainable Investment
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