This week in ESG news: Unilever’s Chief Sustainability Officer exits; HSBC’s new net zero transition plan and targets; EU countries agree on 2040 climate goal; U.S. states warn Microsoft, Google, Meta against complying with EU’s sustainability reporting and due diligence laws; State Street pulls out of net zero investor group in U.S., but stays in Europe; Google signs large-scale reforestation carbon credit deal; Position Green continues sustainability data consolidation drive with new acquisition; EU invests over $3 billion in net zero technology projects; more than 20 airlines to change green claims after greenwashing investigation; Apollo buys $6.5 billion stake in massive offshore windfarm, 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
More than 20 Airlines to Change Environmental Claims After Greenwashing Investigation
Google Signs 200,000 Ton Reforestation-Based Carbon Removal Deal with Mombak
IKEA Launches Project to Protect, Restore Forest in Brazil
HSBC Launches New Net Zero Transition Plan
Apple Signs 15-Year Renewable Energy Deal in Italy with Engie
Guest Post: Why Carbon Credit Portfolios Bring Balance for Companies in an Emerging Market
Apollo Buys 50% Stake in Massive UK Offshore Windfarm from Ørsted for $6.5 Billion
Crusoe, Blue Energy to Build First-Ever Gas-to-Nuclear Powered Data Center Project
Heineken Signs Deal to Decarbonize Brewery Using Renewable-Powered Heat Battery
Government & Regulators
EU Commission to Invest Over $3 Billion to Jumpstart Sustainable Transport Fuel Sector
Multi-State Coalition Warns Microsoft, Google, Meta Against Complying with EU’s CSRD, CSDDD Sustainability Laws
EU States Reach Compromise Deal on 2040 Climate Target with Bigger Role for Carbon Credits
EU Invests $3.3 Billion to Accelerate New Net Zero Technology Projects
ESG Services and Tools
SKF Launches Free Climate Solutions Patent Hub
Sustaira Launches New Suite of Industry-Specific Sustainability Solutions
Denominator Acquires Equality and Diversity Data Provider Equileap
Position Green Acquires Supply Chain Sustainability Solutions Provider Factlines
Sustainable Finance
IDB Issues Inaugural “Amazonia Bond” to Fund High-Impact Environmental, Social Projects
ICMA Launches Climate Transition Bond Label
MUFG, GCF-backed Climate Adaptation Blended Finance Fund Raises $600 Million
Sustainable Investing
State Street Pulls Out of Net Zero Investor Group in U.S., Stays in Europe
Private Equity & Venture Capital
Rubio Launches Climate & Social Impact Fund with Over $80 Million in Commitments
Forbion Raises €200 Million for Biotechnology-Focused Sustainability Solutions Fund
Infravision Raises $91 Million to Scale Grid Deployment with Drones
Exec Moves
Unilever Chief Sustainability Officer Steps Down
