This week in ESG news: UK’s FCA moves from mandatory to comply-or-explain for sustainability and climate reporting; EY launches framework to quantify financial impact of sustainability risks and opportunities; New EU anti-greenwashing rules enter into force; ISO’s proposed net zero standard fails to pass initial vote; Vanguard finds younger investors selecting ESG policy at twice the rate of older investors; Crédit Agricole launches new natural capital finance and investment division; GRI to launch new sustainability reporting standard for food and beverage companies; NYC pension funds assess $5 billion in new climate solutions investments; ISO, UNDP launch new standard to embed SDGs into corporate strategy , 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
FedEx Signs $300 Million Electric Truck Deal with Harbinger
Amazon Signs 20-Year Deal with Constellation to Upgrade, Extend Life of Nuclear Plant
Salesforce Signs Series of Carbon Removal Deals with 8 Early-Stage Suppliers
To Make Real ESG Progress, We Must Reform Sustainability-Tied Executive Pay
Government & Regulators
NYC Comptroller Proposes $5 Billion in New Private Markets Climate Solutions Investments
New EU Anti-Greenwashing Rules Enter into Force
Sustainability Reporting
UK’s FCA Drops Plans for Mandatory IFRS-Based Climate Reporting
GRI to Launch New Sustainability Reporting Standard for Food and Beverage Companies
ESG Services and Tools
Diginex Launches New Supply Chain Due Diligence Platform
Schneider Electric Partners with Greenly to Decarbonize Value Chain SMEs
EY Launches Framework to Quantify Financial Impact of Sustainability Risks and Opportunities
Upright Launches Physical and Transition Climate Risk Assessment Solution for Companies, Investors
ISO’s Proposed Net Zero Standard Fails Initial Vote Amid Record Feedback
ISO, UNDP Launch New Standard to Embed SDGs into Corporate Strategy
Sustainable Finance
Stakeholders Strongly Oppose Inclusion of Oil and Gas in Canada’s Sustainable Finance Taxonomy
Italy Draws €110 Billion Order Book for New Green Bond Offering
Crédit Agricole Launches New Natural Capital Finance and Investment Division
Sustainable Investing
Vanguard Finds Younger Investors Choose ESG Voting Policy at Twice the Rate of Older Investors
Achmea, ILX Partner to Launch Emerging Markets-Focused Impact Investing Platform
JPMorgan Natural Capital, Paraguay Launch $200 Million Sustainable Forestry Platform
Private Equity & Venture Capital
Algebris Acquires Renewable Energy Advisory Firm Vector Renewables
NOX Raises €3 Million to Connect Home Clean Energy Devices to the Grid
Actis Launches New India Clean Energy Platform Targeting 3 GW of Solar, Wind, Storage Capacity
Reverion Raises $175 Million to Scale Production of Carbon Negative-Capable Power Plants
Exec Moves
Barclays Appoints Paul Williams as Global Head of Operational Sustainability
