ESG Today: Week in Review
This week in ESG news: EU’s EFRAG set to reduce CSRD sustainability reporting datapoints by 50%; Australia launches sustainable finance taxonomy; U.S. SEC drops anti-greenwashing rules for funds; EU Commission to withdraw anti-greenwashing regulations; Amazon buys sustainable fuel for cargo flights; Goldman Sachs launches new sustainable bond funds; IFRS launches sustainability reporting education course; France targets environmental impact of fast fashion; EU to remove 90% of companies from scope of import carbon tax; SAP, Climeworks enter carbon removal partnership; Basel Committee’s new climate disclosure framework for banks; Nasdaq’s new carbon credits education platform; capital raises for climate tech, sustainable cement, nuclear technology, 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
Switzerland, Norway Launch Landmark Carbon Removal and Storage Agreement
Coldplay to Re-release All Albums on Recycled Plastic Records
SAP, Climeworks Partner to Offer Carbon Removal Portfolio Management Solutions
Amazon Buys More than 9 Million Liters of Sustainable Aviation Fuel for Cargo Flights
Meta, XGS Sign Deal to Power Data Centers with Geothermal Energy
SBTi Launches Draft Net Zero Standard for Automotive Sector
Government & Regulators
European Commission to Withdraw Anti-Greenwashing Regulation
EPP Calls on EU Commission to Scrap Anti-Greenwashing Legislation
EU Parliament, Council Agree to Remove 90% of Companies from CBAM Carbon Import Tax
ECB Sets Goal to Reduce Emissions of €331 Billion Corporate Bond Portfolio by 7% Per Year
SEC Drops Proposed Anti-Greenwashing Fund Disclosure Rules
French Senate Backs Law Curbing Environmental Impact of Fast Fashion
ESG Reporting
EFRAG Aims to Cut Datapoints in European Sustainability Reporting Standards by at Least 50%
Basel Committee Releases Voluntary Framework for Banks’ Disclosure of Climate Risks
ESG Services and Tools
Datamaran Launches New ESG Data Solution for Corporate Sustainability, Legal, and Risk Teams
Nasdaq Launches Carbon Credit Education Platform
Sustainable Finance
Australia Launches Sustainable Finance Taxonomy
Private Equity & Venture Capital
Climate Tech Partners Raises $50 Million for Decarbonization-Focused Venture Funds
Carbon Upcycling Raises $18 Million to Turn Waste and CO2 Into Cement
Nvidia Backs $650 Million Capital Raise for Bill Gates’ Nuclear Tech Company TerraPower
Fiber Global Raises $20 Million to Turn Waste Streams into Low-Carbon Building Materials
KKR Acquires Off-Grid Energy Provider Zenith
Sustainable Investing
La Caisse Targets $400 Billion in Climate Investments by 2030
Goldman Sachs AM Expands Active ETF Range with New Emerging Markets Green and Social Bond Fund
Exec Moves
Energy Transition Investor Quinbrook Appoints Brian Restall as First CEO