ESG Today: Week in Review
This week in ESG news: Goldman Sachs shareholders overwhelmingly reject anti-DEI proposals; Canada hits pause on corporate climate reporting requirements; Apple slashes product manufacturing emissions; LEGO Group opens its most sustainable factory; Musk-backed competition awards $100 million to climate removal startups; Microsoft signs large-scale deal to remove carbon by reforesting mine lands; EcoVadis launches workforce human rights monitoring solution; CDP reports jump in companies earning top sustainability reporting scores; NYC pension fund threatens to drop asset managers without strong net zero action plans; Robeco’s new investor tool to find biodiversity leaders and underperformers; capital raises for green steel, carbon removal tech, energy storage, clean energy solutions; TPG backs new sustainable supply chain-focused private equity firm, 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
United Airlines Invests in Ultra-Fuel Efficient Blended Wing Aircraft Developer JetZero
Elon Musk-Backed XPRIZE Awards $100 Million to Carbon Removal Solutions Providers
Wizz Air Launches Net Zero Plan Focused Primarily on Sustainable Aviation Fuel
Google Signs its First Offshore Wind Purchase Deal in Asia Pacific with CIP
LEGO Group Opens its Most Sustainable, Renewables-Powered Factory
Microsoft Buys 1.4 Million Tons of Carbon Removal from Reforestation of Former Mine Land
Apple Cuts Product Manufacturing Emissions in Half From 2020
ESG Reporting
Guest Post – Reset with Purpose: Navigating CSRD and the Next Chapter in Sustainability
CDP Reports 30% Jump in Companies Achieving Top Environmental Disclosure Scores
Government & Regulators
Canadian Regulators Hit Pause on Mandatory Climate Reporting Requirements
ESG Services and Tools
Novata Launches ESG Due Diligence Solution
Amex GBT Launches New Tool to Help Companies Identify Low Carbon Travel Options
Zevero Launches AI-Powered ESG Reporting Solution
EcoVadis Launches New Workforce Survey Tool to Provide Real-Time Supply Chain Human Rights Data
Private Equity & Venture Capital
Clean Iron Startup Electra Raises $186 Million to Decarbonize Steelmaking
RepAir Raises $15 Million to Scale Electromechanical Carbon Capture Solution
Apollo Launches $220 Million Community Solar JV with Bullrock Energy
TPG Backs New Supply Chain Sustainability-Focused Private Equity Firm Ardabelle
Exowatt Raises $70 Million for 24-Hour-a-Day Solar Power Solution
Caban Raises $50 Million to Expand Clean Energy Infrastructure Solutions
Energy Storage Startup Base Power Raises $200 Million
Sustainable Investing
98% of Goldman Sachs Shareholders Reject Anti-DEI Proposals
NYC Pension Funds to Drop Asset Managers Without Strong Net Zero Action Plans
New York State Pension Fund Commits $2.4 Billion to Climate Investment Strategies
Franklin Templeton Launches Enhanced ESG, Reduced Carbon Footprint S&P 500 and World ETFs
Robeco Launches Tool for Investors to Find Biodiversity Leaders and Underperformers