This week in ESG news: Netflix signs 15-year forest-based carbon credit deal; Deutsche Bank retains net zero goals in new transition plan; BlackRock loses $17 billion mandate as pension fund shifts to sustainability-focused policy; ESG data M&A picks up pace with acquisitions by Position Green, One Click LCA; SBTi launches net zero standard for Power sector; Sony unveils new climate goals; Singapore delays climate reporting requirements; Neuberger Berman backs sustainability software firm Sphera; California publishes guidance for companies beginning reporting under new climate disclosure law; LOIM acquires sustainable investment manager Ownership Capital, 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
Netflix Signs 15-Year Carbon Credit Deal to Help Landowners Transition Fields into Forests
SBTi Launches Draft Net Zero Standard for the Power Sector
CropX Acquires Ag Data Provider Acclym to Help Food Companies Meet Sustainability Goals
Engie, Prometheus to Co-Locate Data Centers and Renewable Energy in Texas
Sony Sets Goal to Reduce Value Chain Emissions by 25% within 5 Years
Guest Post: Missed your decarbonization targets? It’s time to set the next generation of climate goals
ESG Reporting
California Releases Guidance for Companies Preparing First Reports Under New Climate Risk Disclosure Law
Singapore Delays Climate Reporting Requirements to Give Smaller Companies More Time to Prepare
ESG Services and Tools
Position Green Acquires Sustainability Reporting and Compliance Solutions Provider Greenomy
Neuberger Berman Joins Blackstone as Investor in Sustainability Software Provider Sphera
One Click LCA Acquires SimaPro and PRé Sustainability to Scale Carbon Footprint Solutions Across Industries
Guest Post – Building a Resilient Future: How Leveraging AI Can Protect Our Infrastructure from Natural Disasters
Sustainable Finance
BlackRock-backed Akaysha Energy Secures $197 Million to Build Out Global Battery Storage Pipeline
Deutsche Bank Maintains Net Zero Goals in Updated Transition Plan
IFC, BTG Pactual to Invest $1 Billion in Sustainability and Development in Latin America
Sustainable Investing
BlackRock, LGIM Lose $34 Billion in Mandates from Dutch Pension Fund’s Shift to Sustainability & Active-Focused Investment Policy
Bloomberg Launches New Suite of Sustainable Investing Indices with Customizable Exclusion Criteria
LOIM Acquires Sustainability-Focused Investment Manager Ownership Capital
GenZero Targets 7 Million Tons of Decarbonization Impact from Investments by 2028
Private Equity & Venture Capital
Xampla Raises $14 Million to Replace Single-Use Plastics with Plant-Based Materials
Nasdaq-backed Puro.earth Raises $12.8 Million to Scale Carbon Crediting Infrastructure Platform
Exec Moves
Sustainable Infrastructure Investor Generate Capital Appoints David Crane as New CEO
Standard Chartered Appoints Roger Charles as Head of Sustainability Initiatives, Coverage
