This week in ESG news: HSBC surpasses record $100 billion sustainable finance activity; vast majority of companies removed from CSRD plan to continue sustainability reporting anyway; EU’s von der Leyen calls multi-decade move away from nuclear power a “strategic mistake”; Rabobank launches €1 billion impact investing platform; LEGO surpasses 50% sustainable materials to make its bricks; LSEG launches new suite of sustainability ratings, analytics solutions; NZAOA adds transition targets to its portfolio climate target-setting framework; Singapore sets climate risk management expectations for banks and investors; EcoVadis, Watershed partner on Scope 3 data solutions; capital raises for GHG tracking, sustainable packaging, clean steel tech, 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
Octopus Energy Generation Signs $60 Million Carbon Removal Deal with Nature-Based Solutions Provider Cultivo
Rolls Royce, Equilibrion Explore Production of Sustainable Aviation Fuel with Nuclear Energy
Intersect Spins Off Green Energy Producer IPX Following Acquisition by Google
LEGO Surpasses 50% Renewable and Recycled Raw Materials to Make its Bricks
Bill Gates’ TerraPower Gets Green Light to Build First U.S. Advanced Nuclear Reactor
Boeing Signs 40,000 Tonne Biochar Carbon Removal Agreement
Government & Regulators
EU’s Von der Leyen Says Turning Away from Nuclear Energy was a “Strategic Mistake”
Sustainability Reporting
90% of Companies No Longer in CSRD Scope Plan to Maintain, Expand Sustainability Reporting: Survey
Singapore Sets Climate Risk Management Expectations for Banks, Investors, Insurers
ESG Services and Tools
Bureau Veritas Acquires Two Building and Infrastructure Sustainability Consultancies
EcoVadis, Watershed Partner to Provide Scope 3 Data Solutions
From Technology to Outcomes: What Really Matters in Modern Supply Chain Management
Beyond the Hype: Executives Must Harness AI-powered Data to Unearth the Sustainable Truth
Position Green Launches Decarbonization Investment ROI Calculator
LSEG Launches New Sustainability Ratings and Analytics Solutions Suite
Sustainable Finance
Arevon Secures $920 Million for New California Energy Storage Project
UK Raises $8.4 Billion in First Green Bond Offering to Include Nuclear Energy as Eligible Use of Proceeds
EIB to Provide More than €75 Billion Clean Energy Financing Over Next 3 Years
HSBC’s Sustainable Finance Activity Tops $100 Billion in 2025
Sustainable Investing
Net Zero Asset Owner Alliance Introduces “Transition Targets” in Updated Target-Setting Protocol
Rabobank Launches Impact Investing Platform with €1 Billion Target
Private Equity & Venture Capital
AIRMO Raises €5 Million to Detect Greenhouse Gas Emissions from Space
RGreen Raises Over $1 Billion for European Green Infrastructure Fund
Emerald Raises €100 Million for Water Solutions Startup Fund
JPMorgan Backs Clean Iron Startup Electra
CIP Raises $1.5 Billion for Energy Transition Credit Fund
Shellworks Raises $15 Million to Scale Plant-Based Biodegradable Plastic Packaging Alternative
Exec Moves
HSBC Climate Tech Team Joins Sustainable Investment Firm Bridges
HSBC Appoints Denise Odaro as Head of Sustainable Finance and Transition for Europe and Americas
