This week in ESG news: U.S. court greenlights multi-state climate antitrust suit against BlackRock, Vanguard, State Street; UK’s FCA to simplify ESG reporting for asset managers, insurers; SHEIN fined for greenwashing; Florida launches investigation into CDP, SBTi; BBVA sees surge in sustainable finance activity; UBS leaves the Net Zero Banking Alliance; Amazon buys low carbon cement; Meta uses wood in data center construction to cut carbon footprint; China launches green finance taxonomy; Blackstone acquires energy data analytics platform Enverus; ISS acquires climate risk data provider Sust Global; Standard Chartered to sell forest protection carbon credits for Brazil state, 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
Lyten Acquires Bankrupt Battery Giant Northvolt
Standard Chartered Signs Deal to Sell Carbon Credits to Protect Rainforests
Rolls-Royce Partners with INERATEC to Power Data Centers with E-Fuels
bp, JERA Combine Offshore Wind Assets to Launch New Joint Venture
Amazon Signs Deal for Low Carbon Cement with Brimstone
Meta Replaces Steel, Concrete with Wood to Cut Data Center Carbon Footprint
Mars Launches $5 Million Program to Develop Climate-Resilient Peanut
Government & Regulators
China Releases New Green Finance Taxonomy
Florida AG Launches Investigation into CDP, SBTi
Shein Fined €1 Million for Greenwashing in Italy
EU Launches Consultation on Upcoming Circular Economy Regulation
ESG Reporting
FCA Looks to Simplify Sustainability Reporting Requirements for Asset Managers, Insurers
ESG Services and Tools
Lenovo Launches Solution to Reduce Lifecycle Carbon Footprint of IT Devices
ISS STOXX Acquires Geospatial AI-Powered Climate Risk Data Provider Sust Global
Sustainable Finance
UBS Exits Net Zero Banking Alliance
BBVA Sustainable Finance Activity Surges by 48%
Sustainable Investing
BTG Pactual TIG Awarded $750 Million Sustainable Timberland Investment Mandate by Nest
JPMorgan Mansart Launches Sustainability-Focused Global Equity Fund
Texas Judge Greenlights Multi-State Lawsuit Accusing BlackRock, Vanguard, State Street of Using Climate Initiatives to Manipulate Energy Markets
Private Equity & Venture Capital
Energy Vault Raises $300 Million to Launch New Energy Storage Platform
Blackstone Acquires Energy Data Analytics Platform Enverus
