ESG Today: Week in Review
This week in ESG news: EU Commission asks to fast-track development of new sustainability reporting standards; DWS fined $27 million for greenwashing; Unilever acquires sustainable personal care brand Wild; KPMG finds most senior execs have incentive pay ties to ESG goals; EU Parliament agrees to delay sustainability reporting requirements; ISS launches new sustainability bond ratings; Roche sets science-based emissions reduction goals; Microsoft, Meta, Frontier announce new carbon removal deals; L’Oreal hits new renewable energy milestone; Goldman Sachs acquires water management solutions provider; Australia regulator releases guide for companies beginning mandatory sustainability reporting; capital raises for sustainable materials, ESG data management solutions, geothermal, solar and storage , 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
TotalEnergies Acquires Renewable Energy Portfolios in Europe, Africa and Canada
Microsoft Signs Deal to Remove Carbon, Fund Research into Impact of Enhanced Rock Weathering
IATA Launches SAF Registry to Facilitate Global Sustainable Aviation Fuel Market
EU Companies Nearly Twice as Likely as U.S. to Link Executive Pay to ESG Goals: KPMG Report
Roche Sets Science-Based Net Zero Targets
Frontier Signs Deal to Remove 100,000 Tonnes of Carbon Emissions from Garbage Incineration
Unilever Acquires Sustainable Personal Care Products Brand Wild
L’Oreal Reaches 100% Renewable Energy in Europe
Meta Signs Ten-Year Forestry Management Carbon Removal Deal
ESG Reporting
EU Parliament Agrees to Delay Sustainability Reporting and Due Diligence Laws
Guest Post – Navigating Climate Risk: Internal Audit’s Role in Assurance and Strategic Insights
Government & Regulators
Deutsche Bank’s DWS Fined $27 Million for Greenwashing
Australia Regulator Releases New Guide for Companies Beginning Mandatory Sustainability Reporting
ESG Services and Tools
Mirova, Robeco Launch Platform to Compare Decarbonization Impact of Climate Solutions
Speeki Launches Sustainability Skills Training Platform
Intertek Launches New Solutions Enabling Compliance with EU’s New Deforestation Regulation
Sustainable Finance
ISS Launches New Sustainability Bond Ratings
Private Equity & Venture Capital
AIP Invests $500 Million in U.S. Clean Energy Producer Silicon Ranch
Bloom Biorenewables Raises $15 Million to Produce Sustainable Materials from Plants
WeeFin Raises $27 Million to Expand ESG Data Management Platform for Financial Institutions
XGS Energy Raises $13 Million to Deploy Geothermal Energy Projects
Sustainable Investing
Goldman Sachs Sustainable Investing Team Acquires Water Management Solutions Provider Atlas-SSI
L&G Launches $235 Million Emerging Markets Nature Conservation and Sustainable Development Strategy
Nordea Adds “Sustainable” to Fund Names Ahead of ESMA Regulation
NBIM Acquires $1.5 Billion Stake in Offshore Wind Projects from RWE
Exec Moves
EcoVadis Appoints Dexter Galvin as “Climate Ambassador” to Accelerate Supply Chain Decarbonization
