ESG Today: Week in Review
This week in ESG news: Tesla removed from S&P 500 ESG index, Musk calls it a ‘scam’; new study reveals cost of climate disclosure; EU lawmakers look to regulate green bond market; Microsoft rolls out sustainability solutions suite; EU unveils €300 billion green energy transition strategy; Heinz to develop paper ketchup bottle; study finds public companies still housing ESG reporting data in spreadsheets; Canada’s sustainable finance council sets climate reporting implementation as top priority; Al Gore’s investment firm launches $1.7 billion sustainable solutions fund; shareholders push Home Depot for improved disclosure, strategy on deforestation; Nuveen launches impact strategy with $15 billion ambition, 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
Shareholders Vote for Improved Deforestation Policies at Home Depot
TotalEnergies, New Hope Energy Partner on Advanced Plastic Recycling Plant in Texas
BP, Linde Plan Project to Capture & Store 15 Million Tons of Carbon on Texas Gulf Coast
Heinz Developing Paper Ketchup Bottle
Trane Launches Sustainability-Focused STEM Education Initiative
TotalEnergies Deploys Global Drone-Based System to Back up New Methane Emissions Goals
Government & Regulators
EU Unveils €300 Billion Plan to Scale Green Energy Transition, Cut Reliance on Russian Fossil Fuel
DOE Launches $3.5 Billion Direct Air Carbon Capture Program
New Zealand Unveils its First Emissions Reduction Plan
ESG Reporting & Disclosure
Canada Sets Mandatory Climate Disclosure as top Priority for Sustainable Finance Council
Regulators, Standard Setters Urged to Align ESG Reporting Initiatives
Study Reveals Cost of Climate Disclosure for Issuers and Investors
ESG Services and Tools
More than Half of Public Companies Still Housing ESG Data in Spreadsheets: EY Survey
Microsoft Announces Full Launch of Cloud-Based Sustainability Solutions Suite
Sustain.Life Raises $16 Million to Build Out SME-Focused Emissions Data and Reporting Platform
ESG Investing
Tesla Removed from S&P 500 ESG Index on Lack of Low Carbon Strategy, Controversy Risk
AXA IM Aligns 65% of AUM with Net Zero
Sustainable Finance
EU Lawmakers Move to Toughen, Expand Green Bond Rules
London Stock Exchange Provides Issuers with Access to Short-Term Sustainable Funding
Private Equity
Al Gore’s Generation Investment Launches $1.7 Billion Sustainable Solutions Fund
Energy Transition
Nutrien Plans to Build World’s Largest Clean Ammonia Facility
APG, OMERS, Acquire Energy Transition Platform Groendus
Exec Appointments
T. Rowe Price Appoints Poppy Allonby as Head of ESG Enablement
Fidelity International Appoints Ellie Tang Director, Sustainable Investing
Marsh McLennan Appoints Swenja Surminski as Managing Director of Climate and Sustainability
