ESG Today: Week in Review

This week in ESG news: EU lawmakers agree to ban generic green product claims like “climate neutral”; KPMG survey finds only a quarter of businesses feel very confident in meeting ESG reporting requirements; California governor commits to sign climate disclosure rules into law; TNFD releases framework to report on nature-related issues, biodiversity; HSBC commits $1 billion to climate tech venture funding; Nasdaq launches ESG reporting solution; IBM adds Scope 3 analysis capabilities to sustainability platform; KPMG launches ESG academy for business sustainability training, 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

DHL Invests $85 Million in Biomethane Production to Power Trucks

Microsoft Signs Deal to Buy Biochar Carbon Removal Credits

Colgate-Palmolive Signs Renewable Energy Deal to Cover 100% of its U.S. Electricity Needs

Mercedes-Benz Signs Deal to Buy More than 50,000 Tonnes of Low Carbon Steel Annually for U.S. Production

Government & Regulators

SEC Adopts Rule Requiring ESG-Labelled Funds to Invest 80% in Alignment with Theme

EU Lawmakers Ban Generic and Emissions Offsetting-Based Green Product Claims

Businesses, Investors Push Back on UK’s Watered-down Climate Goals

ESG Reporting & Disclosure

TNFD Releases Framework for Reporting on Nature-Related Risks and Opportunities

Guest Post: Why Should Sustainability Reporting be the Boardroom’s Top Priority?

Only 1 in 4 Companies Very Confident in Meeting ESG Reporting Requirements: KPMG Survey

California Governor Commits to Sign Climate Disclosure Bills into Law

ESG Services and Tools

KPMG Launches ESG Academy to Train Businesses on Key Sustainability Topics

IBM Adds Scope 3 Emissions Analysis Capabilities to ESG Data Platform

Nasdaq Launches ESG Data and Reporting Solutions for Corporates and Investors

Sustainable Finance

HSBC to Provide $1 Billion Financing to Climate Tech Startups

U.S. Treasury Releases Principles for Net Zero Commitments by Financial Institutions

ESG Investing

Norway’s $1.4 Trillion Wealth Fund Tells Portfolio Companies Not to Count Carbon Credit Towards Interim Climate Goals

Private Equity & Venture Capital

Emissions Tracking and Reporting Software Startup Plan A Raises $27 Million

Astanor Raises €360 Million for Sustainable Food Value Chain Fund

Ontario Teachers’ Pension Plan Acquires Majority Stake in Environmental Markets Platform GreenCollar