ESG Today: Week in Review
This week in ESG news: Deloitte launches climate tech ecosystem to connect businesses with innovators; Goldman Sachs raises $1.6 billion for climate solutions fund; New York puts a price on carbon; Nestlé tests paper packaging for Kit Kat brand; Danone sued over plastic use; CEOs warn sustainability goals at risk; Biden unveils strategy to decarbonize transportation; India to launch inaugural green bond; HSBC picks up green energy infrastructure investment team; strong demand for sustainability linked bonds from Air France-KLM, SK Hynix; Moody’s says ESG issues are increasing credit risk; largest-ever U.S. solar investment announced, 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
Climeworks Provides First-Ever Certified Carbon Removal for Microsoft, Shopify and Stripe
Nestlé Pilots Paper Packaging for KitKat
87% of CEOs Say Sustainable Development Goals at Risk: Accenture, UNGC Survey
ESG Issues to Increase Credit Risk in 2023: Moody’s
Delta Airlines Launching Lab to Develop Sustainable Aviation Innovation
MathWorks Tackles 100% of Scope 2 Emissions with Renewable Energy Deal
Zendesk Achieves Carbon Neutrality Across Product Supply Chain
NFL’s Houston Texans Offset Travel Emissions with Carbon Removal Credits from Occidental
Guest Post: ESG is Under Fire and Education May Save it
Government & Regulators
New York to Charge Emitters $1 Billion per Year, Reinvest in Emissions Reduction
Biden Administration Unveils Strategy to Decarbonize Transportation Sector
Scotland Targets “Renewables Powerhouse” Status with New Clean Energy Transition Strategy
India to Launch Inaugural $2 Billion Green Bond Offering this Month
ESG Services and Tools
Deloitte Launches Climate Tech Ecosystem to Connect Businesses with Solutions and Innovators
Solactive Acquires ESG Research and Stewardship Solutions Provider Minerva
Bain, Schneider Electric Partner to Deliver Corporate Decarbonization Solutions
ESG Investing
Euronext Launches Index Investing in Companies with Approved 1.5°C Climate Targets
Sustainable Finance
PNC Ramps Environmental Finance Goal to $30 Billion
SK Hynix Doubles Sustainability-Linked Bond Offering to $1 Billion on Strong Demand
Air France-KLM Issues €1 Billion High Yield Sustainability-Linked Bond Tied to Climate Goals
Private Equity & Venture Capital
Goldman Sachs Raises $1.6 Billion for Inaugural Private Markets Climate Fund
Green Hydrogen Innovator Hystar Raises $26 Million
Goldman Sachs, Bank of America Invest in Environmental Markets Platform Xpansiv
TPG Launches Fund to Invest in Underrepresented Asset Managers
HSBC Picks Up Green Energy Infrastructure Investment Team
Energy Transition
Largest Ever U.S. Solar Investment Announced by South Korea’s Qcells
Mercedes-Benz to Launch Global EV Charging Network
Exec Moves
Moody’s Appoints Francisco Martinez-Garcia as Chief DEI Officer