This week in ESG news: EPA to scrap requirements to report GHG emissions; survey finds half of corporate buyers plan to drop unsustainable suppliers; SEC ordered by court to decide fate of its climate reporting rules; Mars launches program to accelerate renewable energy deployment in its supply chain; Microsoft buys $6 billion of renewables-powered computing capacity; Australia sets 2035 climate goal; Texas investigates proxy advisory firms for supporting ESG; Schneider Electric signs its first durable carbon removal agreement; Mercedes-Benz to build one of largest wind farms in Germany; Macquarie raises over $3 billion for energy decarbonization fund, 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
Schneider Electric Signs Long-Term Carbon Removal Agreement with Climeworks
Mercedes-Benz to Build One of the Most Powerful Wind Farms in Germany
Microsoft Signs $6 Billion Deal for 100% Renewable Energy-Powered AI Computing Capacity
Google, Vaulted Deep Launch Partnership to Remove Carbon, Measure Methane Elimination of Burying Biomass
Half of Corporate Buyers Plan to Drop Unsustainable Suppliers: Bain Survey
McDonald’s to Invest $200 Million in Regenerative Agriculture to Boost Beef Supply Chain Sustainability
Prometheus Announces Breakthrough to Slash Cost of DAC Carbon Capture by 80%
Mars Launches Program to Transition Global Value Chain to Renewable Energy
Government & Regulators
Australia Sets Goal to Reduce GHG Emissions by 62% – 70% by 2035
Singapore Signs Deals for More than 2 Million Tonnes of Nature Based Carbon Credits
Texas Launches Investigation into Glass Lewis, ISS for Supporting ESG, DEI
ESG Reporting
Court Orders SEC to Either Defend, Change or Repeal Climate Reporting Rules
U.S. EPA to Scrap Requirements to Report Greenhouse Gas Emissions
ESG Services and Tools
S&P Global, Novata Partner on Joint Sustainability Data Management Solutions
Wharton, PRI Launch Responsible Investment Executive Education Course
Sustainable Finance
Galvanize Launches $1.3 Billion Strategy to Finance Energy Transition Value Chain
Green Data Center Developer Soluna Secures $100 Million Financing from Generate Capital
Sustainable Investing
T. Rowe Price Launches $200 Million Emerging Markets Blue Bond Impact Fund
Robeco Awarded $18 Billion Mandate for Dutch Pension Fund’s Shift to More Sustainability-Focused Strategy
Private Equity & Venture Capital
Macquarie Raises Over $3 Billion for Energy Decarbonization Fund
Volo Earth Raises $135 Million for Early-Stage Climate Tech Venture Fund
American Airlines, Alaska Air Lead New $150 Million Sustainable Aviation Fuel Tech Fund
Suma Capital Raises $249 Million to Invest in Industrial Decarbonization Startups
Sympower Raises $50 Million to Roll Out Battery Storage, Energy Flexibility Solutions Across Europe
Exec Moves
Sustainability Technology VC Investor Giant Ventures Appoints Zenetta Burger to Lead U.S. Presence
