ESG Today: Week in Review
This week in ESG news: H&M removes sustainability labels from products after investigation by regulator; Patagonia owner donates company to fight climate change; Singapore launched ESG disclosure platform; McKinsey & Microsoft partner on decarbonization offering; BCG acquires sustainability consultancy Quantis; Capgemini commits to reduce emissions in value chain by 90%; capital raises for carbon market tech, EV charging, climate tech fund; S&P launches climate physical risk scores; State Street appoints Head of ESG; launch of largest-ever U.S. direct air capture project; IKEA enters US residential solar market, 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
“Going Purpose:” Patagonia Owner Donates Entire Company to Fight Climate Change
Truck Builder Scania Sets 2030 Goal to Decarbonize Supply Chain
Capgemini Sets Goal to Reduce Emissions Across Value Chain by 90%
PepsiCo, ADM Team up to Slash Agriculture Carbon Emissions
Volvo, Rio Tinto Announce Low Carbon Materials and Decarbonization-Focused Partnership
United Airlines Signs Agreement for up to 400 Electric “Air Taxi” Aircraft from Embraer-Backed Eve
Government & Regulators
H&M to Remove Sustainability Labels from Products Following Investigation by Regulator
EU Lawmakers Vote for Tougher Rules to Ensure Deforestation-Free Products
ESG Reporting & Disclosure
Guest Post: When Investment-Grade ESG Data is not Enough
Assent Launches Supply Chain Sustainability Reporting Solution for Complex Manufacturers
Guest Post: Connecting the “D” to the ESG
Singapore’s MAS and SGX Launch ESG Disclosure Platform
ESG Services and Tools
S&P Launches Physical Climate Risk and Exposure Scores
BCG Acquires Sustainability Transformation Consultancy Quantis
ESG Software Company Sphera Acquires Supply Chain Risk Management Solutions Provider riskmethods
McKinsey, Microsoft Partner on End-to-End Decarbonization Solution
ESG Investing
DWS Expands Paris Agreement-Aligned ETF Suite
JPMorgan Builds Out Suite of Sustainable Thematic Active ETFs
Sustainable Finance
Nordea Issues First-of-its-Kind Bond to Fund Climate-Focused Sustainability-Linked Loans
Anglo American Ties Interest on $745 Million Bond to Climate, Water & Job Creation Goals
DBS Sets Decarbonization Targets for Lending Book in Key Emissions Intensive Sectors
Union Pacific Issues $600 Million Green Bond to Fund Decarbonization Investments
Private Equity & Venture Capital
Climate Tech Startup Patch Raises $55 Million to Scale Carbon Markets Business
Energy Impact Partners Raises €390 Million for European Climate Tech Fund
Mirova Opens up Private Equity Impact Fund to Retail Investors
EV Charging Startup TeraWatt Raises Over $1 Billion
Energy Transition
BlackRock Acquires New Zealand “Solar-as-a-Service” Provider solarZero
Lufthansa, OMV Sign Deal for 800,000 Tons of Sustainable Aviation Fuel
IKEA Enters Residential Solar Market in California