This week in ESG news: UK to regulate ESG ratings providers; Exxon sues California to stop new climate reporting laws; $2 trillion wealth fund to increase climate engagements with portfolio companies; Net Zero Asset Managers initiative returns, but erases 2050 climate commitment; TotalEnergies pushes back against greenwashing accusations; ISSB to address global fragmentation of sustainability reporting standards; Microsoft signs deal to use mining waste to capture carbon; Apple, Meta sign large-scale renewable energy deals; Google signs deal to restart dormant nuclear plant to power AI infrastructure; Brookfield, Cameco enter $80 billion nuclear partnership with U.S., 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
Apple Invests in 650 MW of New Renewables Projects to Address Carbon Footprint of Product Use
H&M Signs Multi-Year Deal to Integrate Recycled Cotton in Products with Recover
Microsoft Signs Deal to Use Mining Waste to Remove Nearly 300,000 Tons of CO2
Meta Buys 100% of Renewable Energy from New $900 Million Texas Solar Project
Google, NextEra Sign Deal to Restart U.S. Nuclear Plant to Power AI Infrastructure
Brookfield, Cameco Sign $80 Billion Nuclear Deployment Deal with U.S. Government
United Airlines Signs Sustainable Aviation Fuel Deal with Neste for U.S. Airports
TotalEnergies Pushes Back Against Greenwashing Accusations after Court Ruling
Government & Regulators
UK to Regulate ESG Ratings Providers
ESG Reporting
ISSB Says “Passporting Provisions” Needed for Acceptance of Sustainability Reporting Across Jurisdictions
Guest Post: Preparing for a New Era of Reporting with Integrated Sustainability
Exxon Sues California to Stop New Climate Reporting Laws
ESG Services and Tools
Bloomberg Launches Tools to Help Investors Assess Exposure to Low Carbon Transition Risks and Opportunities
Net Purpose Acquires SDI AOP to Create Integrated Sustainable Investment Data Platform
Upright Launches Free Double Materiality Assessment Solution
Guest Post – ESG at the Cutting-Edge: Building Systems that Learn, Adapt, and Benefit from Change
EcoVadis Partners with SGS, QIMA to Launch New Supply Chain Sustainability Auditing Offering
Sustainable Finance
Iberdrola Draws €8 Billion Order Book for First EuGB-Aligned Hybrid Green Bond
Sustainable Investing
Net Zero Asset Managers Coalition Returns – Without 2050 Climate Commitment
Fidelity International Launches New Paris-Aligned Active Equity ETF
Norway’s $2 Trillion Wealth Fund to Expand Climate-Focused Engagements with Portfolio Companies
Amundi Wins Mandate to Launch $660 Million Fossil-Free Cash Fund for UK Universities
Private Equity & Venture Capital
Emerald Raises €60 Million to Invest in Water Solutions Startups
Redwood Raises $350 Million to Scale U.S. Battery Ecosystem
Exec Moves
EY Appoints Colm Devine Global Vice Chair for Sustainability
