ESG News Week In Review: 18 March – 24 March

Welcome to the 'ESG News Week In Review'! Stay ahead with our curated roundup of the week’s top headlines covering ESG around the globe. Dive into the latest developments in Energy Transition, Sustainable Finance, and more. Discover groundbreaking Sustainability Goals and initiatives, alongside insights from ESG Executives on the move. From government policies to cutting-edge technology, explore the dynamic landscape of ESG Reporting and Climate Tech. Don’t miss a beat in the world of Environmental, Social, and Governance matters.

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ESG Around the World

• Texas Schools Cut Ties with BlackRock in ESG Dispute, withdrawing $8.5 Billion
• Morningstar Launches Low Carbon Transition Leaders Indexes
• BNP Paribas Asset Management Unveils Inaugural Active Global Net Zero Transition Equity Fund
• Man City Plans to Make Training Facility One of Football’s Largest Producers of Renewable Energy
• Dutch Court Rules KLM’s Sustainability Advertising Breached EU consumer law
• Iberdrola’s €41 Billion Investment and 10,000 New Hires by 2026 to Accelerate Electrification

Climate & Energy Transition

• Google, Microsoft, and Nucor Join Forces to Accelerate Clean Electricity Future
• Gold Standard Launches Comprehensive Guide to Reduce Corporate GHG Emissions
• Nestlé Partners with Cocoa Suppliers to Combat Climate Change Impact
• Schneider Electric Partners with Hy Stor Energy to Pioneer Clean Hydrogen Hub
• TP ICAP to acquire New Zealand energy and carbon brokerage, Aotearoa Energy
• Microsoft Partners with EDP Renewables NA and Volt Energy Utility for Solar Project Focused on Environmental Justice
• Chevron and JX Nippon Forge Partnership to Advance Carbon Capture and Storage Value Chain

And More…

Sustainable Finance

• BNP Paribas Asset Management Unveils Inaugural Active Global Net Zero Transition Equity Fund
• Barclays and Lightsource bp Forge $140 Million Tax Equity Deal for Louisiana Solar Project
• Standard Chartered and DHL Partner to Reduce Emissions with Sustainable Aviation Fuel
• ESO Releases “Beyond 2030”: ￡58 Billion Investment Blueprint for Britain’s Future Energy System
• Lloyds Banking Group Donates ￡250,000 to Knepp Wildland Foundation, to fund three nature projects in England

And More…

Sustainability Goals, Initiatives and Achievements

• NZT Power, NEP Select Contractors for ￡4 Billion Project for World-First Low-Carbon Power Plant with Carbon Capture
• Starbucks Verifies 6,000 Greener Stores in Over 40 Markets Across the Globe
• Nestlé Steps Up Packaging Sustainability Efforts with 83.5% of Global Plastic Packaging Designed for Recycling
• Germany on Track to Reach 2030 Climate Targets, Government Says

ESG Reporting

• Oracle Launches Sustainability Reporting, Management Cloud ERP Platform
• Billups Partners with Cedara to Pioneer Global OOH Sustainability Solution

Government

• Biden-Harris Administration Sets Historic Pollution Standards for Cars
• Intel and Biden-Harris Administration Forge Path for $8.5 Billion Funding Under CHIPS and Science Act
• Google Matches U.S. DOE’s Investment in Carbon Removal Solutions of $35 Million
• Navigating the Future: UK’s Carbon Border Adjustment Mechanism Unveiled

ESG Investing & Funds

• IFoA Urges Pension Policymakers to Factor in Climate ‘Ruin’ Amidst Escalating Risks
• Texas Schools Cut Ties with BlackRock in ESG Dispute, withdrawing $8.5 Billion
• KKR Acquires Majority Stake in Avantus to Drive Renewable Energy Expansion in the U.S.

ESG Execs on the move

• Lombard Odier Investment Managers Hires Mona Shah as Senior Sustainability Strategist
• Persefoni Welcomes Visa’s Former Sustainability Leader, Douglas Sabo to Advisory Board

Technology, ESG Tools & Services

• GRESB Launches REAL Solutions, A New Suite of Tools for Deeper Asset-Level Sustainability Insights
• JLL and Jupiter Intelligence Partner to Integrate AI-Driven Climate Risk Analytics into Real Estate Decarbonization Strategy
• Morningstar Launches Low Carbon Transition Leaders Indexes