This week in ESG news: SBTi publishes first draft of new corporate net zero standard; Canada’s new PM cancels consumer carbon tax; Amazon launches service to sell carbon credits to companies; UBS pushes back net zero goals after acquiring Credit Suisse; BlackRock enhances sustainability characteristics for funds ahead of new regulations; global accounting body adds sustainability reporting skills into training standards; new resource launched for companies reporting on sustainability under both CDP and CSRD; EU launches strategy to decarbonize steel and metals industry; CIP raises more than $13 billion for energy transition fund; Nordea wins €800 million decarbonization-focused investment mandate; capital raises for batter tech, clean fuels, AI-powered solar solutions, and more.
See below for the highlights of the past week, and get all your ESG news at ESG Today:
Amazon Launches Carbon Credit Investment Service
SBTi Releases Initial Draft of New Corporate Net Zero Standard
Nordea Signs 68,000 Tonne Carbon Removal Agreement
UBS Pushes Back Net Zero Target by 10 Years Following Credit Suisse Acquisition
CDP, EFRAG Release Mapping Connecting CDP Disclosures with CSRD Climate Reporting Standards
IFAC Adds Sustainability Reporting Skills into Training Standards for New Accountants
Guest Post – Transforming Reporting into Strategy: Navigating Europe’s Omnibus Package
EU Launches Series of Actions and Investments to Decarbonize Steel, Metal Sectors
Australia Court Fines Active Super A$10.5 Million for Greenwashing ESG Investing Claims
Carney Eliminates Canada’s Consumer Carbon Tax
Nasdaq-backed Carbon Credit Platform Puro.earth Passes 1 Million Tonne Carbon Removal Milestone
Apave Acquires Carbon Accounting Platform Aktio
LRQA Acquires Energy Transition Consulting Firm EcoEngineers
Upright Launches 50,000 Company Double Materiality Assessment Database
Arcmont Secures €475 Million Investment Mandates from APG, TIAA for New Impact Lending Strategy
Neste Issues €700 Million Green Bond to Scale Renewable Fuels Production
Cleantech Startup C1 Raises $22 Million to Replace Fossil Fuels in Shipping, Aviation and Chemicals
Pulsetrain Raises €6.1 Million for Solution to Extend EV Battery Life up to 80%
Coreshell Raises $24 Million to Scale Low-Cost Silicon EV Batteries
Terabase Raises $130 Million for Robotics Technology to Scale Deployment of Solar Power Plants
CIP Raises Over $13 Billion for Energy Transition Infrastructure Fund
Nordea Awarded €800 Million Decarbonization-Focused Equity Mandate by Ircantec
Microsoft, CalSTRS Back $175 Million Natural Climate Solutions Strategy by Just Climate
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.
