This week in ESG news: Texas pulls $8.5 billion from BlackRock over ESG; US appeals court pauses SEC’s climate disclosure rule; EU’s human rights and environmental due diligence law passes major hurdle; Deutsche Bank ties bonuses for top execs to loan book decarbonizations goals; Oracle launches sustainability data and reporting solution; Dutch court finds KLM’s sustainability advertising misleading, unlawful; Mercedes-Benz signs deal for low carbon steel; Nestlé launches projects to reduce cocoa supply chain emissions; capital raises for carbon accounting, biofuels tech; DHL, Standard Chartered Bank announce sustainable aviation fuel partnership, 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
Nestlé Launches New Projects to Reduce Emissions in Cocoa Supply Chain
Iberdrola to Invest $45 Billion in Grid Expansion and Renewables by 2026
Glencore Sets Goal to Reduce Value Chain Emissions 25% by 2030
Microsoft Signs 15-Year “Environmental Justice PPA” from New US Solar Farm with EDP, Volt Energy
Mercedes-Benz Signs Deal for Low Carbon Steel with Nucor
Standard Chartered, DHL to Co-invest in Sustainable Aviation Fuel
Google Signs 430 MW Carbon Free Energy Deal in Arizona
TotalEnergies Acquires Carbon Capture Business from Talos Energy for $148 Million
Government & Regulators
Watered-down Supply Chain Sustainability Due Diligence Law Passes First Hurdle in EU Parliament
Court Rules KLM’s Sustainability-related Advertising was Misleading
ESG Reporting
US Court Temporarily Pauses SEC Climate Disclosure Rule
ESG Services and Tools
GRESB Launches New Suite of Sustainability Data Solutions for Real Estate Managers and Investors
Oracle Launches New Sustainability Data Tracking and Reporting Solution
Sustainable Finance
Constellation Energy Issues First Nuclear-Focused Green Bond in U.S.
Deutsche Bank Ties Senior Exec Compensation to Loan Book Decarbonization Goals
Private Equity & Venture Capital
Carbon Accounting and Management Startup Greenly Raises $52 Million
KKR Acquires Majority Stake in U.S. Renewables Developer Avantus
Renovare Raising $7.5 Million to Turn Landfill Waste into Renewable Biofuels
ESG Investing
Texas Pulls $8.5 Billion From BlackRock Over ESG Investing
BNP Paribas AM Launches Global Net Zero Transition Fund
Morningstar Launches New Index Series Targeting Companies Leading on Low Carbon Transition
Exec Moves
Aviva Investors Appoints Phillipa Grant as Director of Sustainable Investments for Real Assets
Lombard Odier Appoints Mona Shah as Senior Sustainability Strategist
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