ESG Today: Week in Review

This week in ESG news: Danske Bank divests over 85% of oil and gas companies over transition plans; less than 40% of employees say companies are doing enough on climate change; Republican states warn SBTi, financial firms over setting net zero goals; Watershed and Stanford take over supply chain emissions database dropped by U.S.’ EPA; Amazon’s AWS signs renewable energy deal in India; U.S. to invest $1 billion in critical minerals, battery materials supply chains; UK financials regulator says the sustainability-linked loan market is growing up; U.S. drops antitrust investigation into truckmakers after agreement to not enforce California emissions rules; EBA tells regulators to hold off on enforcement of ESG disclosure requirements for banks; capital raises for sustainable food, carbon removal, heat pumps, 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

Sandoz Sources Renewable Energy for 90% of Europe Operations

Guest Post: Telling Oil and Gas Giants to Ditch Fossil Fuels is the Wrong Approach to Decarbonization

Apollo Acquires Kelvion to Tackle Data Center Cooling, Energy Transition Opportunities

Seaspan, Anew Climate Partner to Provide Low Carbon Renewable Marine Fuel

Trane Launches AI Lab to Advance Building Energy Management and Sustainability Solutions

Only 38% of Employees Believe Companies are Doing Enough on Climate Change, Sustainability: Deloitte Survey

Guest Post: Political Uncertainty and Polarization Are Heating Up the Risk of a Disorderly Sustainability Transition

IKEA’s Ingka Invests in Chinese Plastic Recycler Re-mall

AWS Signs Renewable Energy Purchase Deal in India with Gentari

Government & Regulators

23 State Coalition Warns SBTi, Financial Firms Over Antitrust Risk from Net Zero Commitments

U.S. to Invest $500 Million in Battery Materials, Manufacturing and Recycling

U.S. FTC Drops Antitrust Investigation Against Volvo, Daimler After Truckmakers Commit to Not Enforce California Emissions Reduction Agreement

ESG Reporting

EBA Instructs Regulators to Hold off on Enforcement of ESG Disclosure Requirements for Banks

ESG Services and Tools

Assent Launches New EU Deforestation Regulation Compliance Solution

Sustainability Solutions Provider Diginex Acquires Supply Chain Risk Platform Findings for $305 Million

ICE Launches Climate Data and Analytics Solution for Private Companies

Watershed, Stanford Take Over Key Supply Chain Emissions Database After EPA Stops Updating it

Sustainable Finance

FCA Says Sustainability-Linked Loan Market Has Become More Mature, Credible

Fortescue Turns to China for $2 Billion Loan to Fund Decarbonization as U.S. “Steps Back” from Green Investments

Sustainable Investing

Danske Bank Divests More than 85% of Fossil Fuel Companies Over Transition Plans

Nuveen Raises $1.3 Billion for New Power Generation and Sustainable Infrastructure Credit Fund

Private Equity & Venture Capital

FoodTech Startup Prefer Raises $4.2 Million to Scale Low Carbon Coffee, Cocoa Alternatives

Achmea Launches New €250 Million Private Equity Impact Fund

Equatic Raises $11.6 Million to Remove Carbon, Produce Green Hydrogen from Seawater

Heat Pump Startup Aira Raises $174 Million to Decarbonize Residential Heating