ESG Today: Week in Review
This week in ESG news: Google joins growing list of companies to abandon DEI goals; €6 trillion investor coalition warns against watering down EU sustainability reporting rules; IKEA accelerates program to help suppliers switch to 100% clean energy; LEGO to ramp up use of solar to power operations; Google invests over $100 million in carbon removal; EU sustainable finance advisors unveil plan to slash Taxonomy reporting burden; BNP Paribas surpasses 75% of energy financing to clean energies; DHL announces major SAF deal with Neste; Vanguard softens diversity expectations for voting policy; capital raises for advanced nuclear tech, circular economy solutions, energy storage AI, PFAS solutions, 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
Google Invests Over $100 Million in Carbon Removal in 2024
LEGO Group Plans to Increase its Use of Solar Energy by More than 70% in 2025
DHL to Purchase 375 Million Liters of SAF from Neste per Year by 2030
IKEA Expands Program to Support Suppliers’ Switch to 100% Renewable Energy
LEGO Group Adds Nature-Based, Engineered Solutions to its Carbon Removal Portfolio
EY, Microsoft Social Impact Collaboration Launches AI Skills Training Program
Amazon Expands Renewable Energy, Cloud Partnership with Iberdrola to Spain, Portugal
ESG Reporting
€6.6 Trillion Investor Group Warns Against Rolling Back EU Sustainability Reporting Regulations
Government & Regulators
EU Invests $439 Million in Alternative Fuels Infrastructure Projects to Decarbonize Transport
ESG Services and Tools
Clarity AI Launches Solution to Help Fund Managers Comply with New Sustainable Fund Naming Rules
Sustainable Finance
BNP Paribas Surpasses 75% of Energy Financing to Low-Carbon Energies
Île-de-France Mobilités Raises €1 Billion in First-Ever Public Sector “EuGB” Green Bond Offering
Private Equity & Venture Capital
Tyba Raises $14 Million for Solution to Maximize Value of Energy Storage Projects
Cleantech Startup MacroCycle Raises $6.5 Million to “Upcycle” Plastic Waste into New Products
TPG Acquires US Solar Developer Altus Power for $2.2 Billion
Amazon-backed X-Energy Raises $700 Million to Accelerate Small Modular Nuclear Technology
IONATE Raises $17 Million to Help Grids Meet Decarbonization and AI Needs
Resale Tech Platform Archive Raises $30 Million to Reduce Environmental Impact of Retail
Oxyle Raises $16 Million to Eliminate Forever Chemicals in Water
Sustainable Investing
Vanguard Softens Language on Diversity for U.S. Proxy Voting Policy
Exec Moves
Climatetech Incubator Greentown Labs Appoints Georgina Campbell Flatter as New CEO