This week in ESG News: Survey does not provide companies for the process of reducing the requirements for sustainability reporting of CSRD; SAP starts a new suite of sustainability data tools. Microsoft buys low carbon bust materials to promote the markets for clean solutions. EU on the right track to reach 2030 climate goals; EBA suggests simplifying the ESG reporting for banks. Watershed starts free emission database to promote the decarbonization efforts. Germany goes back to scrap the sustainability laws of the supply chain. Schneider Electric starts agent-driven initiative for sustainability solutions; Danske Bank is moving to the transition financing; SNAM attracts $ 10 billion order book for net-netto focus on sustainability. Capital increases for nuclear lessons, renewable energies, solutions for carbon removal 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
Microsoft buys 60,000 carbon loans from soil from Sustainable Farming Solutions Provider Indigo
Google supports AGTech projects to save 2 billion liters of water on US farms
OMV for building one of the largest green hydrogen plants in Europe
Hitachi increases the climate ambitions to NET zero over the value chain by 2050
Microsoft buys over 600,000 tons of green cement to build the construction of sustainable materials
Total energy commission has its biggest solar project in Europe
Starbucks starts compostable, recyclable cups
Government & Supervisory Authorities
The EU almost reaches the right path to reach 2030 climate goals
The legislators of the EU adopt rules that give car manufacturers more time to achieve the emission goals
EBA proposes simplified ESG reporting requirements for banks
Germany goes back.
ESG reporting
Majority of companies not for omnibus proposals for reducing the requirements for the sustainability reporting of CSRD: survey
The EU -mbudsman starts an investigation into the commission process to reduce sustainability reporting, Due Diligence requirements
ESG services and tools
Social suite starts AI-driven solution to evaluate double materiality
SAP starts new solutions for sustainability data management solutions
The water sheath starts free emission database to enable more decarbonization decisions
Schneider Electric appoints Julien Picaud to guide new agents -KI -sustainability ecosystem initiative
Sustainable finances
The Danske Bank postpones sustainable finance to the financing of the transition of companies with high emissions
SNAM increases $ 2 billion in the first sustainability, which is connected to the complete value chain with the complete value creation goals
Private equity & risk capital
Clean Energy Startup Radiant increases $ 165 million to replace diesel generators with portable nuclear reactors
Clean Energy Producer Solveo collects € 98 million
The climate tech startup Alt Carbon based in India collects $ 12 million to catch carbon in stones and soil
Sustainable investments
Pension manager APG is investing € 250 million in SkynrG to scale a sustainable aviation fuel platform
Blackrock is discussing talks with the acquisition of a joint participation in Enis Carbon Capture business