This week in ESG news: Mars launches $250 million sustainability solutions fund, ties exec compensation to climate goals; EU proposes major simplification of sustainability taxonomy; Google turns the corner on data center emissions, but supply chain drags carbon footprint higher; revised European Sustainability Reporting Standards may cut datapoints by two thirds; Microsoft signs 3 million ton carbon removal deal; Iberdrola, Masdar sign record offshore wind agreement; EU Commission looks to develop nature credits market; California releases guide for companies beginning mandatory sustainability reporting; UL Solutions launches new sustainability data and reporting solutions; ESMA guides issuers and fund managers on anti-greenwashing expectations; European lawmakers reject new deforestation regulation’s country risk categorization system, 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
Frontier Coalition Signs $41 Million Carbon Removal Deal with Bioenergy Startup Arbor
Iberdrola, Masdar to Co-Invest Over $6 Billion in UK Offshore Wind Project
Google Reduces Data Center Emissions, but Supply Chain Continues to Drive Carbon Footprint Higher
Microsoft Signs Deal for 3 Million Tons of CO2 Removal Generated Through New Waste-to-Energy Carbon Capture Project
CapitaLand Launches New Framework to Quantify the Financial Return of Sustainability Investments
Mars Launches $250 Million Sustainability Solutions Fund
Government & Regulators
EU Lawmakers Reject EUDR’s Country Risk System in New Setback to Deforestation Regulation
EU to Develop Nature Credits Market to Fund More Sustainable Agriculture Practices
ESMA Guides Issuers, Fund Managers on Anti-Greenwashing Expectations
EU Launches Major Simplification of Sustainability Taxonomy to Ease Compliance Burden on Companies
ESG Reporting
California Releases FAQ to Guide Companies Beginning Mandatory Climate Reporting
EFRAG Considers 66% Reduction in European Sustainability Reporting Standards Datapoints
Guest Post – California Climate Disclosure: What We Know After CARB’s First Public Workshop
ESG Services and Tools
ISS STOXX Launches New Climate Data Solution for Sovereign Portfolios
UL Solutions Launches New Scope 3 Data and Sustainability Reporting Solutions
Clarity AI Acquires Sustainability-Focused Fintech ecolytiq
Sustainable Finance
Sumitomo to Facilitate Over $10 Billion in Clean Energy Investments in UK
Private Equity & Venture Capital
Guest Post – Inside Our Fundraise: Lessons from a Climate VC
Tikehau Raises Over €1 Billion for Egis to Decarbonize Transport, Cities, Energy
