ESG Today: Week in Review
This week in ESG news: EU lawmakers agree to ban generic green product claims like “climate neutral”; KPMG survey finds only a quarter of businesses feel very confident in meeting ESG reporting requirements; California governor commits to sign climate disclosure rules into law; TNFD releases framework to report on nature-related issues, biodiversity; HSBC commits $1 billion to climate tech venture funding; Nasdaq launches ESG reporting solution; IBM adds Scope 3 analysis capabilities to sustainability platform; KPMG launches ESG academy for business sustainability training, 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
DHL Invests $85 Million in Biomethane Production to Power Trucks
Microsoft Signs Deal to Buy Biochar Carbon Removal Credits
Colgate-Palmolive Signs Renewable Energy Deal to Cover 100% of its U.S. Electricity Needs
Government & Regulators
SEC Adopts Rule Requiring ESG-Labelled Funds to Invest 80% in Alignment with Theme
EU Lawmakers Ban Generic and Emissions Offsetting-Based Green Product Claims
Businesses, Investors Push Back on UK’s Watered-down Climate Goals
ESG Reporting & Disclosure
TNFD Releases Framework for Reporting on Nature-Related Risks and Opportunities
Guest Post: Why Should Sustainability Reporting be the Boardroom’s Top Priority?
Only 1 in 4 Companies Very Confident in Meeting ESG Reporting Requirements: KPMG Survey
California Governor Commits to Sign Climate Disclosure Bills into Law
ESG Services and Tools
KPMG Launches ESG Academy to Train Businesses on Key Sustainability Topics
IBM Adds Scope 3 Emissions Analysis Capabilities to ESG Data Platform
Nasdaq Launches ESG Data and Reporting Solutions for Corporates and Investors
Sustainable Finance
HSBC to Provide $1 Billion Financing to Climate Tech Startups
U.S. Treasury Releases Principles for Net Zero Commitments by Financial Institutions
ESG Investing
Private Equity & Venture Capital
Emissions Tracking and Reporting Software Startup Plan A Raises $27 Million
Astanor Raises €360 Million for Sustainable Food Value Chain Fund
Ontario Teachers’ Pension Plan Acquires Majority Stake in Environmental Markets Platform GreenCollar