This week in ESG news: Microsoft signs one of the largest ever carbon removal deals; Deloitte survey finds over 40% of Gen Z & Millennials would switch jobs over climate concerns; EU Parliament proposes ban on green claims based only on carbon offsetting; Morgan Stanley raises $500 million for climate solutions fund; most companies planning to comply with EU sustainability reporting rules even if they don’t need to; Ørsted awarded $1 billion+ carbon capture & storage deal; capital raises for building decarbonization, green hydrogen, heat pump solutions; SAP launches tools to track and report carbon data like financial data, 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

Boeing Announces Public Launch of Data Tool to Assess Aviation Decarbonization Solutions

Carbon Removal Buyers Group Frontier Announces First $53 Million Offtake Agreement

Svante, 3M Partner to Develop Material to “Trap” Carbon

Court Greenlights Greenwashing Lawsuit Against TotalEnergies

Stellantis Acquires 33% Stake in Michelin, Faurecia Hydrogen Fuel Cell JV

Guest Post: ESG isn’t “Woke Capitalism,” its…Capitalism

Nippon Steel Unveils Measures to Reduce Carbon Impact of Steelmaking

Microsoft Signs One of the Largest Ever Carbon Removal Deals

Ørsted Awarded $1 Billion Deal to Capture and Store Over 8 Million Tonnes of Carbon

Government & Regulators

EU Parliament Proposes Ban on Green Claims Based Solely on Carbon Offsetting

ESG Reporting & Disclosure

94% of Companies Planning to Comply with CSRD – Even if They Don’t Need to: Workiva

Guest Post: Connected Climate Reporting – Driving Better Connectivity Between the Front and Back of an Annual Report

ESG Services and Tools

Sustainability Consultancy ERM Partners with Satellite Imagery Provider Planet

SAP Launches Solutions to Track, Manage, Report Emissions Data

ESG Investing

Morgan Stanley Raises $500 Million for Climate Solutions Strategy

FTSE Russell Launches ESG Version of Flagship FTSE 100 Index

Sustainable Finance

Renewable Energy Investor Low Carbon Secures £310 Million to Finance Solar PV Buildout

Private Equity & Venture Capital

Building Decarbonization Startup Kelvin Raises $30 Million

Generate Capital Commits $250 Million to Green Hydrogen Startup Ambient Fuels

Heat Pump Startup Quilt Raises $9 Million to Reduce Home CO2 Footprint

Exec Moves

PepsiCo Europe Appoints Archana Jagannathan as Chief Sustainability Officer

DSM-Firmenich Appoints Katharina Stenholm as Chief Sustainability Officer

AXA IM Prime Appoints Marie Luchet as Head of ESG and Sustainability

Climate Accounting Platform Persefoni Appoints Former SEC Commissioner Allison Herren Lee to Advisory Board

Reports, Studies & Surveys

Over 40% of Gen Z, Millennials Would Switch Jobs Over Climate Concerns: Deloitte Survey

Land Availability for Renewables a Major Constraint to Hitting Climate Goals: McKinsey

Only 20% of “Sustainable” Investment Funds Meet Proposed Anti-Greenwashing Criteria: Study