This week in ESG news: EU delays adoption of sector-specific sustainability reporting standards; EY, SAP collaborate on sustainability solutions and services; Walmart, General Mills launch regenerative agriculture partnership; Biden admin announces largest-ever grid investment; DHL signs large-scale SAF deal; CDP to align with ISSB climate reporting standard; Caterpillar’s new Chief Sustainability Officer; climate tech gaining share of venture capital investment; capital raises for green hydrogen, building decarbonization, AI-based climate tech solutions, 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
DHL Signs Deal for 668 Million Liters of Sustainable Aviation Fuel
Berge Bulk Launches Cargo Ship Using Wind-Assisted Propulsion to Cut Emissions
Walmart, General Mills Launch 600,000 Acre Regenerative Agriculture Partnership
Estée Lauder Signs Deal for Recycled Materials for Packaging
Inditex Signs Low Carbon Shipping Deal with Maersk
Stellantis, Samsung to Invest Over $3 Billion in New Indiana Gigafactory
Government & Regulators
Singapore Central Bank Guides Investors, Banks to Avoid Divestment Approach to Net Zero
Biden Administration Announces $3.5 Billion Electricity Grid Investment
EU Council Agrees on Rules to Reduce Emissions from Heavy Duty Trucks by 90% by 2040
ESG Reporting & Disclosure
CDP to Align with ISSB Climate Disclosure Standard in 2024
EU Commission to Delay Adoption of Sustainability Reporting Standards by 2 Years
TCFD Report Finds Sharp Increase in Company Disclosure of Climate Risks and Opportunities
ESG Services and Tools
EY, SAP Partner on Sustainability, Climate Solutions
Sustainable Finance
ESG Investing
Robeco to Disclose Sustainability Information for All Investment Products
STX Group Launches Carbon Compliance Market Fund
Private Equity & Venture Capital
CIP Raises $2 Billion for Bioenergy, Renewables Infrastructure Funds
AI-Based Climate Tech Startup Overstory Raises $14 Million
Green Hydrogen Startup NovoHydrogen Raises $20 Million
Macquarie Invests $325 Million in Green Fertilizer Company Atlas Agro
Building Decarbonization Startup Bedrock Energy Raises $8.5 Million
Exec Moves
Caterpillar Appoints George Moubayed as Chief Sustainability Officer
Reports, Surveys & Studies
Climate Tech Investment Falls in Tough Market, But Hits Record Share of VC and PE Funding: PwC
80 Million Kilometers of Grid Investment Needed by 2040 to Meet Global Climate Goals: IEA
Mark founded ESG Today following a 20 year career in investment management and research. Prior to founding ESG Today, Mark worked at Delaney Capital Management (DCM) in Toronto, Canada, most recently as the firm’s head of U.S. equities. While at DCM, Mark was part of the firm’s ESG team, responsible for evaluating and tracking the sustainability factors impacting portfolio companies, and assessing the suitability of companies for portfolio inclusion. Mark also spent several years in the sell-side research industry, covering the technology and services sectors. Mark holds an MBA from Columbia University in New York, a BBA from the Schulich School of Business at York University in Toronto, and is a CFA charterholder.