This week in ESG news: Danske Bank divests over 85% of oil and gas companies over transition plans; less than 40% of employees say companies are doing enough on climate change; Republican states warn SBTi, financial firms over setting net zero goals; Watershed and Stanford take over supply chain emissions database dropped by U.S.’ EPA; Amazon’s AWS signs renewable energy deal in India; U.S. to invest $1 billion in critical minerals, battery materials supply chains; UK financials regulator says the sustainability-linked loan market is growing up; U.S. drops antitrust investigation into truckmakers after agreement to not enforce California emissions rules; EBA tells regulators to hold off on enforcement of ESG disclosure requirements for banks; capital raises for sustainable food, carbon removal, heat pumps, 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
Sandoz Sources Renewable Energy for 90% of Europe Operations
Guest Post: Telling Oil and Gas Giants to Ditch Fossil Fuels is the Wrong Approach to Decarbonization
Apollo Acquires Kelvion to Tackle Data Center Cooling, Energy Transition Opportunities
Seaspan, Anew Climate Partner to Provide Low Carbon Renewable Marine Fuel
Trane Launches AI Lab to Advance Building Energy Management and Sustainability Solutions
Only 38% of Employees Believe Companies are Doing Enough on Climate Change, Sustainability: Deloitte Survey
Guest Post: Political Uncertainty and Polarization Are Heating Up the Risk of a Disorderly Sustainability Transition
IKEA’s Ingka Invests in Chinese Plastic Recycler Re-mall
AWS Signs Renewable Energy Purchase Deal in India with Gentari
Government & Regulators
23 State Coalition Warns SBTi, Financial Firms Over Antitrust Risk from Net Zero Commitments
U.S. to Invest $500 Million in Battery Materials, Manufacturing and Recycling
U.S. FTC Drops Antitrust Investigation Against Volvo, Daimler After Truckmakers Commit to Not Enforce California Emissions Reduction Agreement
ESG Reporting
EBA Instructs Regulators to Hold off on Enforcement of ESG Disclosure Requirements for Banks
ESG Services and Tools
Assent Launches New EU Deforestation Regulation Compliance Solution
Sustainability Solutions Provider Diginex Acquires Supply Chain Risk Platform Findings for $305 Million
ICE Launches Climate Data and Analytics Solution for Private Companies
Watershed, Stanford Take Over Key Supply Chain Emissions Database After EPA Stops Updating it
Sustainable Finance
FCA Says Sustainability-Linked Loan Market Has Become More Mature, Credible
Fortescue Turns to China for $2 Billion Loan to Fund Decarbonization as U.S. “Steps Back” from Green Investments
Sustainable Investing
Danske Bank Divests More than 85% of Fossil Fuel Companies Over Transition Plans
Nuveen Raises $1.3 Billion for New Power Generation and Sustainable Infrastructure Credit Fund
Private Equity & Venture Capital
FoodTech Startup Prefer Raises $4.2 Million to Scale Low Carbon Coffee, Cocoa Alternatives
Achmea Launches New €250 Million Private Equity Impact Fund
Equatic Raises $11.6 Million to Remove Carbon, Produce Green Hydrogen from Seawater
Heat Pump Startup Aira Raises $174 Million to Decarbonize Residential Heating
