This week in ESG news: Barclays reports £500 million sustainable finance revenue, then drops out of Net Zero Banking Alliance; new voluntary sustainability reporting standard for small companies adopted in EU; 21 states warn asset managers against considering sustainability and climate change as long-term risk factors; Deutsche Bank’s new Global Head of Sustainable Finance; new draft simplified CSRD sustainability reporting standards released; ECB integrates climate risk into collateral decisions; Google to help scale energy storage to address 24/7 clean energy challenge; Trump admin tries to reverse landmark finding underlying major greenhouse gas regulations; NatWest targets £200 billion in climate, transition finance; GRI launches climate and nature reporting training courses, and more.
See below for the highlights of the past week, and get all your ESG news at ESG Today:
Sustainability Goals, Initiatives and Achievements
Helion Breaks Ground on First Fusion Power Plant to Supply Energy to Microsoft
CRH Acquires Sustainable Building Materials Producer Eco Material for $2.1 Billion
Google Partners with Energy Dome to Globally Deploy Advanced Clean Energy Storage Tech
Government & Regulators
Australia Boosts Clean Energy Financing Scheme to 40 GW by 2030
Trump Administration Moves to Reverse Landmark Finding Underlying Greenhouse Gas Emissions Regulations
ECB Adds Climate Transition Risk into Collateral Framework
ESG Reporting
EFRAG Releases Proposed Simplified European Sustainability Reporting Standards
EU Commission Adopts Sustainability Reporting Standard for Small Companies
GRI Launches New Climate, Nature Reporting Courses
ESG Services and Tools
Guest Post – From Local Strength to Global Reach: Scaling Europe’s ESG Start-ups
Green Project Technologies Acquires Supply Chain Decarbonization Platform Emitwise
Sustainable Finance
Barclays Exits Net Zero Banking Alliance
Barclays Reports £500 Million in Sustainable Finance Revenues
Nuveen Raises $785 Million for Sustainable Commercial Real Estate Lending Fund
NatWest Unveils Target to Provide £200 Billion in Climate, Transition Finance by 2030
Sustainable Investing
21 States Warn BlackRock, JPMorgan Against Considering Sustainability as a Long-Term Risk Factor in Investments
APG to Invest $640 Million to Grow Octopus’ Australian Renewables Platform
Private Equity & Venture Capital
KKR Commits $170 Million to Grow Clean Energy Platform Greenvolt
Planted Solar Raises $12 Million to Enable Faster Solar Deployment on Less Land
Ares, Shell Launch New U.S. Solar Joint Venture
Lyten Raises $200 Million to Fund Acquisitions of Northvolt Battery Assets
KKR Invests $325 Million to Scale Clean Energy Solutions for Australian C&I Sector
Macquarie Acquires Renewable Energy Asset Optimization Platform Erova
Exec Moves
Deutsche Bank Investment Bank Appoints Esra Turk as Global Head of Sustainable Finance
