ESG Today: Week in Review
This week in ESG news: HSBC net zero goals delayed by 20 years; majority of companies to stick with climate reporting plans even if regulations change; IKEA publishes plan to achieve net zero; Canada pushes back climate reporting for banks, insurance companies; Nestlé and Mars to pay farmers to cut emissions in dairy supply chain; TNFD launches platform to upskill professionals on nature-related reporting; Microsoft says AI growth increases distance to climate goals; EU to require fashion brands to pay to recycle products; capital raises for low carbon building materials, clean hydrogen, carbon removal tech, geothermal; Bloomberg launches portfolio climate risk solution for investors, 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
Microsoft CSO Says AI Widens Gap – and Offers Solutions – to Meeting Climate Goals
HSBC Pushes Back Net Zero Goals by 20 Years
TotalEnergies, Air Liquide Sign Deal to Decarbonize Refineries with Green Hydrogen
Nestlé, Mars to Fund Incentives for Farmers to Cut Dairy Supply Chain Emissions
IKEA Parent Company Releases Net Zero Transition Plan
ESG Reporting
TNFD Launches Platform to Upskill Professionals on Nature-related Reporting
85% of Companies to Stick with Climate Reporting Plans Even if Regulations Change: Workiva Survey
Government & Regulators
EU Lawmakers Agree to New Rules Requiring Fashion Brands to Pay to Recycle Clothes
ESG Services and Tools
Bloomberg Launches New Solution to Help Investors Assess Portfolio Climate Risks and Opportunities
MSCI, Swiss Re Partner to Help Financial Sector Assess and Manage Climate Risk
Sustainable Finance
Mizuho, GenZero to Develop Transition Credits to Accelerate Shift to Clean Energy
ICAO Launches Platform to Connect Aviation Decarbonization Projects with Investors and Financing
Private Equity & Venture Capital
METYCLE Raises $15 Million to Modernize Metal Recycling
Geothermal Startup Ignis Energy Raises $12.5 Million
Carbon Removal Startup Founded by 16-Year Old Raises $3.5 Million
Vema Hydrogen Raises $13 Million for Solution to Produce Clean Hydrogen Underground at Under $1/KG
KKR Backs Energy Service Provider EGC to Decarbonize Real Estate
Terra CO2 Raises $82 Million to Scale Low Carbon Cement Technology
Twelve Raises $83 Million to Transform Captured CO2 into Clean Fuels
Mast Reforestation Raises $25 Million to Remove Carbon Emissions After Wildfires
Exec Moves
South Pole Appoints Dara Olufon as Co-Head of its Global Climate Advisory Business
