ESG Today: Week in Review
This week in ESG news: HSBC ends financing of new oil & gas projects; EU agrees to a carbon tax on imports; Australia to introduce mandatory climate reporting for companies; Dow Jones Sustainability annual index changes released; Barclays sets $1 trillion sustainable finance goal; Annual CDP environmental scores released; Biden invests $3.7 billion in carbon removal; EU bank regulator unveils sustainable finance plans; ISSB to add biodiversity to climate disclosure requirements; Microsoft hires new Chief Sustainability Officer; McDonald’s purchases renewable energy for 100% of US logistics electricity needs; ECB to step up climate risk action at banks, 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
McDonald’s Covers 100% of US Logistics Supply Chain Electricity Load with Renewable Energy
BorgWarner Adds Scope 3 Value Chain Emissions to Climate Goals
Diageo to Use Net Zero Glass Bottles from Hydrogen-Powered Furnace
Iberdrola Launches Biodiversity Plan, Pledges Net Positive Impact by 2030
Kering, L’OCCITANE Launch Nature Protection Fund for Luxury Fashion & Beauty Sectors
Dow Jones Sustainability Indices Results Announced: Walmart, Disney In, Starbucks, UPS Out
Government & Regulators
EU Regulator Stress Test Finds Pension Funds Have Material Exposure to Climate Risk
Biden Administration Allocates $3.7 Billion to Carbon Removal Projects
EU Bank Regulator Outlines Plans to Address ESG Risks, Disclosure, Greenwashing
UK Regulator FCA Launches ESG Committee
EU to Implement a Carbon Tax on Imports
ECB to Step Up Action on Climate Risk at Banks as a Top Priority
ESG Reporting & Disclosure
ISSB to Add Biodiversity, Just Transition Disclosures to Climate Reporting Standard
PCAF Adds Sovereign Debt, Emissions Removals to Financed Emissions Reporting Standard
Guest Post – The Bottom Line: Why CFOs Need to Lead ESG Reporting in 2023
Australia Plans Mandatory Climate Reporting for Companies
ESG Services and Tools
MSCI Launching Tools to Identify Companies at Risk on Biodiversity, Deforestation
ESG Investing
M&G Backs Launch of Sustainable Food-Focused Impact Investment Funds with £200 Million Commitment
Texas Lawmakers Grill BlackRock, State Street over ESG Investing: “We Wish You Weren’t There”
HSBC-Backed Natural Capital Investment Fund Raises $650 Million
Investor Group Launches Initiative to Engage Companies on Biodiversity and Nature Loss
Sustainable Finance
Barclays Ramps Sustainable Finance Goal to $1 Trillion by 2030
HSBC Ends Financing for New Oil and Gas Projects
Private Equity & Venture Capital
Circular Metals Provider Continuum Raises $36 Million to Meet Demand for Sustainable Materials
Energy Transition
Stellantis Addresses 50% of its North America Emissions Through Massive Renewable Energy Deal
Volvo Expands Heavy Duty Electric Truck Lineup
