ESG News Week In Review: 1 April – 7 April
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Welcome back to the ESG News Week In Review! We’re thrilled to have you with us again. This week, the U.S. Securities and Exchange Commission (SEC) has pressed pause on its climate disclosure rule enforcement amidst a heated legal battle initiated by Republican-led states. The decision underscores the agency’s commitment to regulatory oversight on climate risks amid contentious legal landscapes. Additionally, major North American banks, including JPMorgan Chase, Citi, and the Royal Bank of Canada, have agreed to disclose their financing ratio of low-carbon energy to fossil fuels, setting a new standard for the banking sector and paving the way for enhanced transparency in sustainability reporting.
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ESG Around the World
- US SEC Pauses Climate Disclosure Rule Pending Court Challenge
- JPMorgan, Citi, RBC Reach Agreement with NYC on Climate Finance Disclosures
- Citi Reveals 42% of Energy Clients Lack Climate Transition Plans
Climate & Energy Transition
- EU Carbon Market Emissions Fall 15.5%, Record Drop Fueled by Renewables Boom
- California Eyes $6.1 Billion Grid Boost to Unlock Offshore Wind, Clean Energy Goals
- Morgan Stanley Acquires Energy Efficiency Solutions Provider Resource Innovations
- Woodside Energy’s Angel CCS Joint Venture firm to study carbon capture at Yara Pilbara operations
- Phillips 66 Announces Major Milestone in Production of Renewable Diesel
Sustainable Finance
- MUFG triples 2030 sustainable finance target to $660 billion
- SSAB to Invest EUR 4.5 Billion in Fossil-Free Steel Mill in Luleå, Sweden
- UBS Asset Management Launches First UCITS ETF Tracking S&P 500 Climate Transition Index
Sustainability Goals, Initiatives and Achievements
- UN Global Compact Introduces 2024 SDG Pioneers Campaign Recognizing Business Leaders Advancing Sustainable Development
- Malaysia’s Petronas Signs Deal with JERA to Study Carbon Capture and Storage
- The Metropolitan Transportation Authority approves New York’s Congestion Pricing Plan
- American Forests and Green Columbus Partner with Google to Enhance Tree Equity in Central Ohio
- Southwest Airlines Bolsters Sustainability Efforts with SAFFiRE Renewables Acquisition
ESG Reporting
- JPMorgan, Citi, RBC Reach Agreement with NYC on Climate Finance Disclosures
- RMI and Global Banks Introduce Pegasus Guidelines for Aviation Sector Emissions Reporting
- TNFD Announces Leadership Changes and Appointment of Senior Advisory Group
Government
- Biden-Harris Administration Unveils $20 Billion Grants Initiative to Drive Clean Energy Solutions Nationwide
- Biden-Harris Administration Unveils $4 Billion Tax Credit Initiative to Strengthen Clean Energy Supply Chain and Drive Investments
- UK Celebrates Being First Major Economy to Halve its Emissions
ESG Investing & Funds
- Lack of Trust in ESG Data Hinders Sustainable Investing, Says Deloitte & Fletcher School
- Bloomberg Launches Government Climate-Tilted Bond Indices, Tailoring Investments to the Low-Carbon Transition
- S&P Global Says Panama Canal’s Drought Dilemma Threatens Supply Chains
- Goldman Sachs’s MN8 Energy Secures $325 Million to Fuel Renewable Energy Growth
Research & Analysis
- Lack of Trust in ESG Data Hinders Sustainable Investing, Says Deloitte & Fletcher School
- Renewables Growth Lags Behind Rising Energy Demand, Emissions Climb – Finds News Global Report
- 80% of Global CO2 emissions can be traced to just 57 producers, report says
- Boston University report says China could drive Africa’s renewable energy revolution
- U.S. Sees Record $239 Billion Investment in Clean Technologies in 2023, Reveals Rhodium Group & MIT Clean Investment Monitor
- 70 Percent of European Companies Spend Less than a Quarter of Capital Expenditure on Green Initiatives
Technology, ESG Tools & Services
Last Weeks Review: ESG News Week In Review: 25 March – 31 March
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