ESG Today: Week in Review
This week in ESG news: EU adopts new law against greenwashing; Walmart reaches 1 billion ton supply chain emissions reduction milestone; S&P forecasts $1 trillion sustainable bond market in 2024; Airbus, TotalEnergies launch sustainable aviation fuel partnership; Verizon invests $1 billion in renewable energy; EU lawmakers agree to certification system for carbon removal projects and credits; Microsoft signs 350,000 tonne nature-based carbon removal deal; Singapore to require SAF use on all departing flights; Rio Tinto signs largest-ever renewables deal in Australia; capital raises for industrial decarbonization, carbon removal, green hydrogen, battery materials, geothermal energy tech, 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
Walmart Hits Goal to Reduce 1 Billion Tons of Supply Chain Emissions 6 Years Ahead of 2030 Target
Microsoft Signs Deal to Remove 350,000 Tonnes of Carbon Through Agroforestry
Rio Tinto Signs Australia’s Largest-Ever Clean Energy Deal
Zalando to Remove Misleading Product Sustainability Claims in Deal with EU Commission
Airbus, TotalEnergies Launch New Sustainable Aviation Fuel Partnership
Guest Post: Leveraging ESG to Future-Proof Corporate Performance
Guest Post: How to Unlock the Full Potential of Corporate Finance for Climate
Government & Regulators
EU Adopts New Law to Protect Consumers Against Misleading Green Claims
California Approves $1.9 Billion Investment in Clean Transportation Infrastructure
EU Lawmakers Agree to Establish Carbon Removal Certification System
Singapore to Require Sustainable Aviation Fuel Use on All Departing Flights from 2026
ESG Reporting
Malaysia Launches Consultation on Adoption of IFRS Sustainability Reporting Standards
ESG Services and Tools
Sustainable Finance
Verizon Invests $1 Billion Green Bond Proceeds in Renewable Energy Development Projects
S&P Forecasts $1 Trillion Sustainable Bond Issuance in 2024
Private Equity & Venture Capital
Clean Energy Provider GeoPura Raises $70 Million to Accelerate Green Hydrogen Buildout
Sustainable Battery Materials Provider Ascend Elements Raises $162 Million to Build new US Plant
Clean Energy Startup Sage Geosystems Raises $17 Million for New Geothermal Energy Storage Plant
ESG Investing
LOIM Wins £5 Billion Sustainability-Focused Investment Mandate from Nest
Schroders Expands Impact Investing Lineup with New SDG-Focused Global Equity Fund
BNP Paribas AM Launches New Suite of Active ESG Bond ETFs
Exec Moves
Medtronic Appoints its First Chief Sustainability Officer
AIB Appoints Paul Travers as Managing Director of New Climate Capital Unit
