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ESG AROUND THE WORLD

• Kering, GSK, Holcim First Companies to Adopt Science-Based Targets for Nature at COP16
• UN-backed Net-Zero Asset Owner Alliance Invests $175 Billion In Climate Solutions: Report
• IPSASB Launches Draft of First Climate-Related Disclosures Standard for Public Sector
• Over 500 Firms with $17 Trillion AUM Adopt TNFD Framework for Nature Risk Reporting
• KKR and ECP Launch $50 Billion AI Data Center and Power Infrastructure Partnership
• Morgan Stanley Scales Back Climate Target Amid Paris Agreement Shortfall

CLIMATE & ENERGY TRANSITION

• Brookfield Acquires $2.3 Billion Stake in Ørsted’s UK Offshore Wind Farms
• ACWA Power Commits $1.78 Billion to Renewable Energy, Battery Storage Across Key Regions
• Green Climate Fund Approves $2.7B for Climate Projects in Egypt and Other Nations
• PwC Achieves 95% Renewable Electricity Usage in 2024, New Report Reveals
• Amazon’s Climate Pledge Fund Backs Startups Tackling E-Waste, Low-Carbon Tech
• ICE and Dun & Bradstreet Launch Climate Risk Data Service to Help Assess ESG Risks
• Energy Transition Infrastructure Funds Raise $215 Billion Since 2014: PitchBook Report

And More…

EXECS ON THE MOVE

• Amcor Appoints David Clark as New Chief Sustainability Officer
• LGT Wealth Management Appoints Phoebe Stone as First Chief Sustainability Officer
• JPMorgan Appoints Ex-NOAA Chief Scientist Sarah Kapnick as Global Head of Climate Advisory

SUSTAINABLE FINANCE

• Allianz Trade Launches Surety Green2Green for Low-Carbon Project Financing
• Verdane Raises €700 Million for European Decarbonization and Resource Efficiency
• European Sustainability Funds Surge to €8 Trillion Under SFDR Article 8 and 9 Rules: MSCI Report
• Lloyd’s and MIGA Partner to Drive $1.2 Billion Climate-Smart Agriculture Initiative
• KKR and ECP Launch $50 Billion AI Data Center and Power Infrastructure Partnership

And More…

RESEARCH & ANALYTICS

• Global Finance Leaders Turn to AI to Solve ESG Data Problems: EY Survey
• 68% of Legal Industry Faces Rising ESG Demand, But Few Ready: Wolters Kluwer Survey
• 55% of CFOs Fear Their Sustainability Reporting Could Face Greenwashing Backlash: EY Study
• European Sustainability Funds Surge to €8 Trillion Under SFDR Article 8 and 9 Rules: MSCI Report
• Energy Transition Infrastructure Funds Raise $215 Billion Since 2014: PitchBook Report

SUSTAINABILITY, ESG REPORTING

• ESMA Sets 2024 Corporate Reporting Priorities, Emphasizes Double Materiality and Sustainability Compliance
• IPSASB Launches Draft of First Climate-Related Disclosures Standard for Public Sector
• 55% of CFOs Fear Their Sustainability Reporting Could Face Greenwashing Backlash: EY Study
• Bloomberg Forum Poll Highlights ESG Data Gaps and ISSB Reporting Challenges
• Over 500 Firms with $17 Trillion AUM Adopt TNFD Framework for Nature Risk Reporting

SUSTAINABILITY GOALS, INITIATIVES AND ACHIEVEMENTS

• California, A4A Partner to Supply 200 Million Gallons of Sustainable Aviation Fuel by 2035
• Bain Capital, Aquila Group Partner to Develop Sustainable Data Centers Across Europe
• NYC Comptroller Lander Proposes Fossil Fuel Ban in Pension Funds
• Fashion Giant Levi’s Launches Inaugural Climate Transition Plan
• Meltem Ballan: How Parallel Computing is Powering AI, HPC, and Energy Efficiency – A New Era of Engineering
• Oxy’s 1PointFive and Enterprise Partner to Build CO₂ Transportation Network in Texas
• Dow, Ambipar Partner to Scale Polyethylene Recycling in Brazil to 60,000 Tons by 2030

ESG INVESTING & FUNDS

• Brookfield Acquires $2.3 Billion Stake in Ørsted’s UK Offshore Wind Farms
• LGT Wealth Management Appoints Phoebe Stone as First Chief Sustainability Officer
• Verdane Raises €700 Million for European Decarbonization and Resource Efficiency
• Aviva Investors Launches Carbon Removal Fund to Provide Institutional Investors Access to Carbon Removal Solutions
• UN-backed Net-Zero Asset Owner Alliance Invests $175 Billion In Climate Solutions: Report

TECHNOLOGY, ESG TOOLS & SERVICES

• ICE and Dun & Bradstreet Launch Climate Risk Data Service to Help Assess ESG Risks
• MUFG Launches CashFolio with BNY Mellon, Expands ESG Investment Options in $6.51 Trillion Money Market
• ERM Achieves Highest Scores in Verdantix’s CSRD and ESG Regulation Readiness Report
• KPMG, ACCA Launch Free ESG Program to Equip Accountants with Sustainability Skills

RELATED ARTICLE: ESG News Week In Review: 21 October – 27 October