This week in ESG news: EU delays new sustainability reporting requirements for large companies; HSBC exits Net Zero Banking Alliance; Microsoft signs one of largest-ever carbon removal deals; UK drops plans for sustainable finance taxonomy; Google signs record clean energy deal with Brookfield; EU watchdog questions Commission’s fast-track approach to Omnibus; ECB says banks are getting better at managing climate risk; survey finds U.S. companies investing more, talking less about sustainability; GRI proposes new sustainability reporting standards for fashion sectors; Iberdrola sources more than $7.5 billion in sustainable finance; bp sells its U.S. onshore wind business, capital raises solutions to decarbonize shipping, power generation, data centers, 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
Palo Alto Networks Signs Deal for 10,000 Tons of Carbon Removal with Oxy’s 1PointFive
bp Sells US Onshore Wind Business
Stellantis Drops Plans to Launch Hydrogen-Powered Vehicles
GM, Redwood Materials to Deploy Used EV Batteries to Meet Data Centers’ Growing Energy Demand
Microsoft Signs One of Largest-Ever Carbon Removal Deals with Biomass Waste Management Startup Vaulted Deep
U.S. Companies Are Still Investing in Sustainability – But Aren’t Talking About it: Survey
Apple, MP Materials to Build Rare Earths Recycling Facility Under New $500 Million Supply Deal
PepsiCo, Cargill to Expand Regenerative Agricultural Practices in U.S. Corn Supply Chain
Google Signs Largest-Ever Corporate Hydropower Deal with Brookfield
DHL Signs Deal with Neste for Over 9 Million Liters of Sustainable Aviation Fuel for Singapore Flights
Government & Regulators
ECB Says Banks are Getting Better at Managing Climate, Nature Risks
EU Ombudsman Presses Commission Over Lack of Procedures in Launching Omnibus Proposal to Scale Back Sustainability Requirements
UK Drops Plans for Sustainable Finance Taxonomy
ESG Reporting
GRI Releases Proposed Sustainability Reporting Standard for Textile and Apparel Sectors
EU Delays Increased Sustainability Reporting Requirements for Large Companies by 2 Years
Guest Post: Omnibus Gives Everyone Time – Let’s Use it Well
ESG Services and Tools
Datamaran Launches New ESG Strategy Management Platform
Schneider Electric Launches New Supply Chain Decarbonization Platform
Benchmark Gensuite Launches New Solution to Measure, Address Climate Risks in Operations and Supply Chains
Microsoft Partners with Novata to Provide Sustainability Data and Reporting Solutions to SMEs, Suppliers
Shell, Accenture and Amex GBT Expand SAF Purchasing Platform to Multiple Fuel Suppliers
Sustainable Finance
Iberdrola Signs Deals for More than $7.5 Billion in Green, Sustainability-Linked Financing
HSBC Exits Net Zero Banking Alliance
Private Equity & Venture Capital
Clean Fuel Startup Amogy Raises $80 Million to Decarbonize Shipping, Power Generation
Unblock Raises $13.5 Million to Convert Wasted Energy into Computing Power
