ESG News Week In Review: 22 April – 28 April

Welcome back to the ESG News Week In Review!

Dive into the pulse of sustainable finance and responsible investing with our latest edition! This week’s headlines pack a punch as the global ESG landscape witnesses monumental shifts and groundbreaking initiatives:

• Insurance Industry Mobilizes for Climate Action: A new alliance emerges as the insurance sector pledges to transition to net-zero emissions, signaling a vital step in combating climate change.
• EU Parliament Passes Sweeping Due Diligence Law: In a landmark move, the EU Parliament adopts stringent regulations requiring companies to uphold human rights and environmental standards, with significant penalties for non-compliance.
• BlackRock-Temasek Venture Surpasses Decarbonization Fund Target: Decarbonization Partners raises a staggering $1.4 billion for its growth fund, amplifying efforts to finance decarbonization technologies and accelerate the shift towards a sustainable future.

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ESG Around the World

• New Climate Alliance for Insurance Transition to Net Zero Emerges Amid ESG Pressures
• EU Parliament Adopts Human Rights, Environment Due Diligence Law
• BlackRock-Temasek Venture Raise $1.4 Billion for Decarbonization-Focused Growth Fund
• ISSB Initiates Research Projects on Nature and Human Capital Risks and Opportunities
• FCA Issues Anti-Greenwashing Guidance, Proposes Expansion of Sustainability Framework
• Nature Action 100 Unveils Investor Benchmark For Corporate Nature Risk Assessment

Climate & Energy Transition

• UK Government Confirms New Target for 10% of Jet Fuel to be Sustainable by 2030
• Contiki Coaches in Europe Now Powered by Biofuel!
• TotalEnergies and Vanguard Renewables Form Joint Venture for RNG Projects in the U.S
• CO280, Aker Carbon Capture Partner with Microsoft to Enhance Carbon Removal in North America
• RMI, Partners to Launch a Maritime Book and Claim System, advancing efforts in emissions decoupling for ocean transport
• HHS Combats Climate Change with New Programs, Reducing Emissions & Tackling Extreme Heat

And More…

Sustainable Finance

• SEB’s Green Bond Report Explores Scaling Up Energy Transition Investments for a Just and Speedy Net-Zero Emission Goal
• AIIB and World Bank Renew Partnership to Boost Infrastructure and Support Sustainable Development Goals
• Scotiabank Raises EUR 1 Billion in First-Ever European Green Bond Issue
• World Bank and African Development Bank Partner to Electrify 300 Million in Africa by 2030

And More…

Sustainability Goals, Initiatives and Achievements

• Google Collaborates with Startups on AI Solutions for Sustainability Projects
• Exponential’s New Guide Outlines Seven Steps for Circular Business Transformation
• SUCCA Africa Becomes First African Accelerator in Race to Zero Campaign
• GRESB Secures Majority Investment from General Atlantic’s BeyondNetZero to Boost Global ESG Benchmarking and Sustainable Growth
• ExxonMobil at the Forefront: Fighting Plastic Waste with a Multi-Pronged Approach

ESG Reporting

• Ford Announces Milestone to be Carbon Neutral by 2050: Vehicles, Operations, and Supply Chain
• SEB’s Green Bond Report Explores Scaling Up Energy Transition Investments for a Just and Speedy Net-Zero Emission Goal
• RE Royalties Releases Dark Green Assessed Green Bond Framework and Report
• Royal Caribbean Group Report Details Progress on Decarbonization and Community Impact

Government

• Biden Administration Sets Landmark Power Plant Pollution Rule to clean up US power sector
• UK Government Confirms New Target for 10% of Jet Fuel to be Sustainable by 2030
• HHS Combats Climate Change with New Programs, Reducing Emissions & Tackling Extreme Heat

ESG Investing & Funds

• Hong Kong Exchange Mandates IFRS-based Climate Disclosure Starting 2025
• OPEC Fund Launches Climate Solutions Week to Foster Just, Sustainable Energy Transition
• LGIM Launches Energy Transition Commodities ETF to Support Global Energy Shift
• BlackRock-Temasek Venture Raise $1.4 Billion for Decarbonization-Focused Growth Fund
• Nature Action 100 Unveils Investor Benchmark For Corporate Nature Risk Assessment

Research & Analysis

• New Report Identifies Best Practices of Low-Carbon Leaders from Morningstar Sustainalytics
• Over Half of India’s Top 100 Listed Companies Voluntarily Disclose Scope 3 Emissions Data: PwC Report
• Global Electric Car Sales to Hit 17 Million in 2024, With Strong Adoption Predicted in China, US, and EU by 2030
• World Economic Forum Report Identifies Nine Ways Cities Can Reduce Carbon Emissions in Construction

Technology, ESG Tools & Services

• IEA Launches New Online Tool to Track Progress on COP28 Energy Goals
• RMI, Partners to Launch a Maritime Book and Claim System, advancing efforts in emissions decoupling for ocean transport
• HHS Combats Climate Change with New Programs, Reducing Emissions & Tackling Extreme Heat