This week in ESG news: Net Zero Banking Alliance ceases operations; survey finds businesses facing increasing pressure for sustainability reporting despite regulatory pullback; Microsoft invests in startup to provide low-carbon cement for data centers; Barclays signs its first carbon removal agreement; EU businesses support tougher sustainability regulations than proposed under Omnibus initiative; Apple launches project to restore forests and generate carbon credits; SBTi launches new climate target training and certification platform; Singapore’s central bank appoints first dedicated Chief Sustainability Officer; EU making progress on GHG reductions but economy faces growing environmental and nature risks, 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
Amazon Signs Deal for Solar Energy to Power Data Centers in U.S.
Global Cement and Concrete Association Launches New Membership to Drive Net Zero in Industry
Barclays Signs its First Carbon Removal Deal to Capture CO2 in Crushed Rocks and Soil
Microsoft Invests in Low-Carbon Cement Startup Fortera to Tackle Data Center Emissions
Apple Launches Project to Restore Forests, Generate Carbon Credits
Government & Regulators
EU Reduces GHG Emissions 37%, but Faces Growing Climate, Nature Risks: Report
ESG Reporting
Most EU Businesses Favor Tougher Sustainability Reporting, Due Diligence Rules than Omnibus Proposals: Survey
Most Companies Say Pressure for Sustainability Reporting Increasing Despite Regulatory Pullback: PwC Survey
ESG Services and Tools
Science Based Targets initiative Launches New Training and Certification Platform
IBM Launches Tool Enabling Companies to Integrate GHG Emissions Calculation into Data Tools
Sustainable Finance
Net Zero Banking Alliance Ceases Operations
Private Equity & Venture Capital
Nuveen Climate Impact Fund Acquires Majority Stake in C&I Energy Solutions Provider Ally
NBIM Invests $1.5 Billion in Brookfield’s Energy Transition Fund
KKR Acquires 50% Stake in $1.25 Billion North America Solar Portfolio from TotalEnergies
OXCCU Raises $28 Million to Turn Waste Carbon into Low-Cost Sustainable Aviation Fuel
Exec Moves
Singapore Central Bank, Regulator MAS Appoints its First Dedicated Chief Sustainability Officer
