ESG Today: Week in Review
This week in ESG news: EU delays sector-specific sustainability reporting rules; Canada’s $80 billion response to the Inflation Reduction Act; Mercedes-Benz pledges to reduce emissions 80%; Investor group announces position to end financing of new oil & gas projects; JPMorgan builds out sustainable growth equity team; EU adopts rule requiring zero-emission cars by 2035; UK delays anti-greenwashing rules for investors; Bloomberg launches SFDR-aligned investment selection tool; capital raises for ESG data solutions, sustainable protein; Nestlé invests in solar project to power US manufacturing, 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
Mercedes-Benz Pledges to Reduce Emissions from Production by 80% by 2030
United Invests in Climate Tech Provider Svante to Turn Captured Carbon into Jet Fuel
Nestlé Invests in Texas Solar Project to Power U.S. Manufacturing
Government & Regulators
Texas Anti-ESG Investing Bill Faces Pushback Over $6 Billion Cost to Pensions
EU Reaches Deal to Nearly Double Renewables in Energy Mix by 2030
UK Regulator Delays Anti-Greenwashing Sustainability Disclosure and Labelling Rules for Investors
EU Adopts Rules Requiring Zero Emissions from New Cars by 2035 After Reaching Deal on e-fuels
ESG Reporting & Disclosure
UK to “Consult” on Requirement for Companies to Disclose Climate Transition Plans
EU Delays Sector-Specific Sustainability Reporting Standards
EU Lawmakers Agree to Law Requiring EV Charging & Hydrogen Refueling Network Deployment
ESG Services and Tools
Bloomberg Launches Dashboard Enabling SFDR-Aligned Investment Selection
ESG Investing
$11 Trillion Investor Group Announces Policy to End Financing New Oil and Gas Projects
Amundi Appointed Investment Manager of $200 Million Climate Bond Strategy for AMX by Carne
Investor Group Urges Companies to Provide “Credible Net Zero Transition Plans”
Fidelity International Launches Decarbonization-Focused Government Bond Fund
Sustainable Finance
Munich Re Exits Net Zero Insurance Alliance
Siemens Energy Issues Inaugural €1.5 Billion Green Bond
Private Equity & Venture Capital
JPMorgan Builds Out Sustainable Growth Private Equity Team
ESG Data Startup Atlas Metrics Raises €5.2 Million to Build Out Platform
Sustainable Protein Company Unibio Announces $70 Million Investment from SIIG
Exec Moves
Mirova Appoints Zineb Bennani as U.S. CEO in Global Push
EY Appoints Will Rhode as Global Private Equity ESG Leader
Reports, Studies & Surveys
Investors Worried About Political Pressure if they Take Climate Action… and if They Don’t: Robeco
