ESG Today: Week in Review
This week in ESG news: IFRS takes over responsibilities of the TCFD; Amundi votes against more than 500 directors over climate strategy; investors push back against EU plan to ease sustainability reporting requirements; Coca-Cola launches $138 million decarbonization venture fund; ESG now # 2 priority for procurement execs, Deloitte survey finds; Singapore plans mandatory ESG reporting for public and private companies; board members report lacking skills to address climate issues, WTW/Nasdaq study finds; CIP raises $6 billion for green infrastructure fund, 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
Coca-Cola Launches Decarbonization Solutions-Focused Venture Capital Fund
Exxon Acquires Denbury, Including World’s Largest CO2 Pipeline Network, for $5 Billion
Rio Tinto, Sumitomo to Produce Low-Carbon Alumina by Replacing Natural Gas with Hydrogen
Guest Post: What Will Sustainability 2.0 Look Like?
Alstom Signs Solar Deal to Cover 80% of Electricity Needs in Europe
Government & Regulators
Nature Restoration Law Narrowly Survives in EU Parliament Vote
EU Unveils New Regulations to Decarbonize Freight Transport
ESG Reporting & Disclosure
IFRS to Take Over Responsibilities of the TCFD
EU Markets Regulator Announces Expectations for Sustainability Disclosure in Prospectuses
Singapore Proposes Mandatory Climate Reporting for both Public and Private Companies
Investors, Banks Push Back on EU Plan to Ease Sustainability Reporting Rules
ESG Investing
BNP Paribas AM Votes Against More than Half of Company Climate Plans
Euronext Launches New Indices Investing in Companies with Approved Science-Based Climate Targets
Amundi Votes Against 500 Directors over Climate Strategy Concerns
Sustainable Finance
LeapFrog Investments Commits Over $500 Million to Climate Solutions in Developing Economies
Private Equity & Venture Capital
Energy Transition Analytics Startup Orennia Raises $25 Million
Green Energy Infrastructure Services Provider Nexus PMG Raises $50 Million
Carbon Removal Startup CarbonCure Raises $80 Million for Concrete Decarbonization Solution
CIP Raises Over $6 Billion for Greenfield Renewables Infrastructure Fund
Algebris Raises €260 Million for Green Transition Fund
Exec Moves
State Street Appoints Jessica Donohue to Oversee Sustainability
Reports, Studies & Surveys
Half of Board Members Report Lacking Skills to Address Climate Issues: WTW/Nasdaq Survey
ESG Rises to #2 Top Priority for Procurement Execs: Deloitte Survey