This week in ESG news: EU Council approves delay of sustainability reporting regulations; ING becomes first major bank with approved science-based financed emissions targets; PwC study finds vast majority of companies are keeping – or raising – climate goals; SEC walks away from climate reporting requirements; Airbus commits to build hydrogen-powered planes; ISSB launches new tool to help regulators adopt sustainability reporting standards; Lululemon partners to develop sustainable materials for products; new sustainable finance standards proposed for SMEs; energy giants commit more than $700 million for carbon capture project; capital raises for carbon accounting software, building decarbonization tech, green steel, sustainable agriculture solutions, 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
TotalEnergies, Equinor, Shell to Invest Over $700 Million to Expand Carbon Storage Project
Kimberly-Clark to Reach 100% Renewable Energy at Kleenex Manufacturing Site
Frontier Signs $33 Million Carbon Removal Purchase with Enhanced Rock Weathering Startup Eion
Airbus Reconfirms Commitment to Develop Hydrogen-Powered Aircraft
Lululemon Partners with Biotech Company ZymoChem to Scale Use of Sustainable Materials in Products
Ares Acquires Stake in 900 MW U.S. Solar and Storage Portfolio from Engie
84% of Companies Keeping or Accelerating Climate Targets: PwC
Guest Post: Clean Energy in the Age of AI – Striking the Right Balance
Guest Post – Melting Hope: Can We Answer the Glaciers’ SOS?
ESG Reporting
EU Council Approves Delay to CSRD and CSDDD Sustainability Reporting Regulations
ISSB Launches New Roadmap Tool to Help Jurisdictions Adopt Sustainability Reporting Standards
Guest Post – Interoperability: The Missing Link in Global Sustainability Efforts
Government & Regulators
SEC Drops its Defense of Climate Reporting Rules
ESG Services and Tools
Equifax Launches Financed Emissions Calculator
JLL Acquires Clean Energy-Focused Investment Bank Javelin Capital
Sustainable Finance
ING Becomes First Global Bank with SBTi-Approved Financed Emissions Reduction Targets
Iberdrola Issues Green Bond Linked to its Share Price
Private Equity & Venture Capital
Carbon Accounting and Reporting Software Provider Persefoni Raises $23 Million
GridPoint Raises $45 Million to Expand Platform to Decarbonize Buildings, Stabilize Grids
InnoEnergy “Muscling Up” to Mobilize €160 Billion in Clean Tech Investments by 2030
GravitHy Raises $65 Million to Help Decarbonize Steel Industry
Theion Raises €15 Million for Low Cost Alternative to Lithium Batteries
Sustainable Investing
Fidelity International Raises Over $330 Million for Climate-Focused Real Estate Fund
