This week in ESG news: UAE kicks off COP28 with new $30 billion climate fund; UK’s FCA releases final Sustainable Disclosure Requirements for asset managers; H&M launches green finance program to fund suppliers’ decarbonization programs; Virgin Atlantic flies milestone green fuel-powered flight; Nasdaq launches AI-powered ESG data platform; Deloitte, IBM integrate sustainability solutions; HSBC, Standard Chartered among major banks to exit SBTi; EY study finds companies not yet ready for IFRS sustainability reporting; capital raises for carbon removal, measurement solutions, zero emissions aviation tech; Bloomberg launches tool to assess companies’ SDG impact, and more.
FreepikSee below for the highlights of the past week, and get all your ESG news at ESG Today: Sustainability Goals, Initiatives and AchievementsAmerican Airlines Signs Carbon Removal Agreement with Cleantech Startup GraphyteDow to Build $6.5 Billion Net Zero Chemical Plant in CanadaVirgin Atlantic Completes First Ever 100% SAF-Powered Transatlantic Flight on Commercial AirlinerH&M Launches Green Loan Program to Finance Suppliers’ Emissions Reductions Initiatives Government & RegulatorsUAE Launches $30 Billion Climate Action FundFCA Releases Anti-Greenwashing and Sustainable Investment Product RulesEU Commits €4 Billion to Fund Decarbonization, Cleantech Manufacturing Projects ESG Reporting & DisclosureEFRAG, GRI to Collaborate on Sustainability Reporting Standards Development, Training ESG Services and ToolsNasdaq Launches AI-Powered ESG Data PlatformDeloitte, IBM Launch Sustainability Solutions CollaborationEY, AspenTech Partner on Sustainability Solutions for Industrial, Energy SectorsBloomberg Launches New Tool to Assess Company Impact on SDGs Sustainable FinanceHSBC, Standard Chartered, other Major Banks Exit SBTiMizuho Invests in Climate Impact X to Expand Carbon Credit Market in JapanMajor Financial Institutions Launch Impact Disclosure Taskforce to Enable Capital Flows to Achieve SDGsBNP Paribas Ends Financing for Metallurgical Coal Mining Private Equity & Venture CapitalCarbon Storage Verification Tech Startup Yard Stick Raises $12 MillionCarbon Removal Startup Carbo Culture Raises $18 MillionHydrogen-Electric Aviation Startup ZeroAvia Raises $116 Million ESG InvestingImpact Investor responsAbility Launches $500 Million Asia-Focused Climatetech Investment Strategy Reports, Surveys & StudiesCompanies Only Partly Ready for New IFRS Climate Reporting Standards: EY SurveyOver 4% of Global GDP at Risk from Climate Change by 2050, S&P WarnsMore By This Author:Intel To Ask Suppliers To Set Net Zero Targets
CalPERS Commits To Invest $100 Billion In Climate Solutions By 2030
Guest Post: Climate Risks To Financial Performance Are Hugely Under-Estimated
