ESG Today: Week in Review
This week in ESG news: Biden administration sets new U.S. climate goals on eve of Trump takeover; new sustainability reporting standards for Canada, Hong Kong; BlackRock removed from Indiana pension funds over ESG investing; EU passes law requiring 100% recyclable packaging by 2030; UK bans Lloyds ad for greenwashing; Walmart says it will probably miss climate targets; SAP launches new carbon accounting solution; EFRAG releases sustainability reporting standards for small companies; Frontier helps sell $80 million carbon removals to Google, H&M and others; new initiative launched to support sustainability reporting in emerging markets; capital raises for sustainable batteries, clean energy-powered data centers, EV charging infrastructure, 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
Walmart to Miss 2025, 2030 Climate Targets
Trane Acquires Building Energy and Emissions Reduction Solutions Provider BrainBox AI
Accenture Acquires IQT Group to Target Net Zero Infrastructure Opportunities
DP World Launches Carbon Inset Program to Help Importers Cut Value Chain Emissions
Guest Post: Five Reasons to Remain Bullish on ESG in 2025
ESG Reporting
Canada’s CSSB Releases IFRS-Based Sustainability and Climate Reporting Standards
EFRAG Releases Sustainability Reporting Standard for Small Companies
UK Advisory Committee Calls for Adoption of IFRS Sustainability Reporting Standards
Hong Kong Releases Sustainability, Climate Reporting Standards
California Lawmakers Threaten Regulator over Delayed Enforcement of Climate Reporting Law
Government & Regulators
Outgoing Biden Administration Sets New 2035 U.S. Climate Goal
UK Regulator Bans Lloyds Ad Over Misleading Climate Claims
EU Adopts New Rules Requiring 100% Recyclable Packaging by 2030
ESG Services and Tools
SAP Launches Solution Enabling Companies to Track, Report Carbon Footprint of Products and Services
Private Equity & Venture Capital
EV Infrastructure Provider JET Charge Raises $45 Million
Nanoramic Raises $44 Million for Technology to Build More Sustainable Batteries
Crusoe Raises $600 Million to Build Out Clean Energy-Powered AI Infrastructure Platform
Toyota Leads $28 Million Investment in EV Charging Software Startup WeaveGrid
Sustainable Investing
Indiana to Replace BlackRock in Pension Funds Due to ESG Investing Policies
Exec Moves
Trane Appoints Mauro Atalla as Chief Technology and Sustainability Officer
Gresham House Appoints Hyewon Kong as Sustainable Investment Director