This week in ESG News: HSBC Net Zero targets were delayed by 20 years; Majority of companies that adhere to plans for climate reporting, even if the regulations change; IKEA publications plan to achieve NET zero; Canada drives climate reporting for banks and insurance companies. Nestlé and Mars to pay farmers to reduce emissions in the milk supply chain; TNFD starts platform with upskill experts on nature-related reporting. According to Microsoft, AI growth increases the distance to climate goals. EU requires fashion brands to recycle products; Capital increases for building material with low carbon, clean hydrogen, tech for carbon removal, geothermal energy; Bloomberg starts a portfolio climate cranic solution for investors and more.
Below you will find the highlights of the past week and you will still get all your ESG messages from ESG:
Sustainability goals, initiatives and successes
According to Microsoft CSO, KI is expanding the gap – and offers solutions – the achievement of the climate goals
HSBC drives Netto -Null gates back 20 years
Total energy, air -fluid signs decarbonizing refineries with green hydrogen
Nestlé, Mars to finance incentives for farmers
The parent company of Ikea publishes the net -zero transition plan
ESG reporting
Canada drives the prerequisite for banks, insurance companies to report financed emissions by 3 years
The TNFD starts platform for upskill specialists via nature-related reporting
85% of companies that adhere to plans for climate reporting, even if the regulations change: Workiva survey
Government & Supervisory Authorities
The EU's legislators agree to new rules according to which fashion brands have to pay for recycling clothing
ESG services and tools
Bloomberg starts a new solution with which investors can evaluate the portfolio climate risks and opportunities
MSCI, Swiss RE partner, to the financial sector in the evaluation and management of the climate risk in the evaluation and administration
Sustainable finances
Mizuho, Genzero to develop transition loans to accelerate the shift to clean energy
The ICAO starts platform to combine the decarbonization projects of aviation with investors and financing
Private equity & risk capital
METYCLE collects 15 million US dollars for the modernity of the metal recycling
Geothermal startup Ignis Energy collects 12.5 million US dollars
Startup of carbon removal, which was founded of 16 years, collects $ 3.5 million
VEMA hydrogen collects 13 million US dollars for the solution to produce clean hydrogen under the generation of less than 1 USD/kg
KKR supports the EGC Energy Service Provider to decarbonize real estate
Terra CO2 increases 82 million US dollars to scale low carbon cement technology
Twelve collects 83 million US dollars to convert the captured CO2 into clean fuels
The reforestation of mast increases 25 million US dollars to remove carbon emissions according to forest fires
The Startup Spark of the Klima -Tech -Startups collects 2.4 million US dollars for the solution to cost inexpensive sustainable aviation strength
Exec moves
The South Pole appoints Dara Olufon as a co-lead