ESG Today: Week in Review
This week in ESG news: Unilever’s Chief Sustainability Officer exits; HSBC’s new net zero transition plan and targets; EU countries agree on 2040 climate goal; U.S. states warn Microsoft, Google, Meta against complying with EU’s sustainability reporting and due diligence laws; State Street pulls out of net zero investor group in U.S., but stays in Europe; Google signs large-scale reforestation carbon credit deal; Position Green continues sustainability data consolidation drive with new acquisition; EU invests over $3 billion in net zero technology projects; more than 20 airlines to change green claims after greenwashing investigation; Apollo buys $6.5 billion stake in massive offshore windfarm, 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
More than 20 Airlines to Change Environmental Claims After Greenwashing Investigation
Google Signs 200,000 Ton Reforestation-Based Carbon Removal Deal with Mombak
IKEA Launches Project to Protect, Restore Forest in Brazil
HSBC Launches New Net Zero Transition Plan
Apple Signs 15-Year Renewable Energy Deal in Italy with Engie
Guest Post: Why Carbon Credit Portfolios Bring Balance for Companies in an Emerging Market
Apollo Buys 50% Stake in Massive UK Offshore Windfarm from Ørsted for $6.5 Billion
Crusoe, Blue Energy to Build First-Ever Gas-to-Nuclear Powered Data Center Project
Heineken Signs Deal to Decarbonize Brewery Using Renewable-Powered Heat Battery
Government & Regulators
EU Commission to Invest Over $3 Billion to Jumpstart Sustainable Transport Fuel Sector
EU States Reach Compromise Deal on 2040 Climate Target with Bigger Role for Carbon Credits
EU Invests $3.3 Billion to Accelerate New Net Zero Technology Projects
ESG Services and Tools
SKF Launches Free Climate Solutions Patent Hub
Sustaira Launches New Suite of Industry-Specific Sustainability Solutions
Denominator Acquires Equality and Diversity Data Provider Equileap
Position Green Acquires Supply Chain Sustainability Solutions Provider Factlines
Sustainable Finance
IDB Issues Inaugural “Amazonia Bond” to Fund High-Impact Environmental, Social Projects
ICMA Launches Climate Transition Bond Label
MUFG, GCF-backed Climate Adaptation Blended Finance Fund Raises $600 Million
Sustainable Investing
State Street Pulls Out of Net Zero Investor Group in U.S., Stays in Europe
Private Equity & Venture Capital
Rubio Launches Climate & Social Impact Fund with Over $80 Million in Commitments
Forbion Raises €200 Million for Biotechnology-Focused Sustainability Solutions Fund
Infravision Raises $91 Million to Scale Grid Deployment with Drones
Exec Moves
Unilever Chief Sustainability Officer Steps Down