This week in ESG news: IBM study shatters “myth” that ESG harms profitability; PwC boosts nature and biodiversity capabilities; Starbucks certifies 3,500 environmentally sustainable stores; Hong Kong to require all issuers to report on climate; EU lawmakers adopt rules tackling deforestation in supply chains; Schneider Electric launches decarbonization solution for SMEs; Amundi launches new suite of net zero funds; capital raises for carbon tracking, removal, and credits, impact verification; Australia to launch inaugural green bond, back green taxonomy development; study finds most businesses planning to increase spend on sustainability, 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

Lululemon Launches its First Products with Nylon From Plants Instead of Fossil Fuels

Holcim Launches Circular Construction Platform

Starbucks Certifies Over 3,500 Locations as “Greener Stores”

H2 Green Steel Announces €250 Million Supply Agreement for Low Carbon Steel

Government & Regulators

ECB: Banks Not Ready for Climate Disclosure Rules Taking Effect this Year

EU Lawmakers Adopt Law Banning Deforestation-Linked Products

Canada Proposes Recycled Content, Mandatory Labelling Rules for Plastic Products

EU Lawmakers Warn Against Relying too Heavily on Carbon Removals to Hit Climate Goals

Guest Post: Public Sector Progress on the Path to Sustainability

ESG Reporting & Disclosure

CDP Adds Reporting on Plastic-Related Impact and Risks to Disclosure System

Guest Post: Get Ready For The U.S. SEC’s Climate Disclosure Rule

Hong Kong Exchange to Require Climate Reporting from All Issuers Beginning 2024

G7 Ministers Urge Implementation of Mandatory Climate Disclosure

ESG Services and Tools

ERM, Persefoni Partner on Carbon Accounting, Decarbonization Services

PwC to Launch Nature and Biodiversity-Focused Practice, Upskill all Employees on Nature Impacts

ESG Book Launches Solution Enabling Companies to Access Data Behind ESG Ratings

Schneider Electric Launches Decarbonization Solution for SMEs

ESG Investing

BDC Launches $150 Million Sustainability Tech Venture Fund

Amundi Launches Suite of Net Zero Funds Across Multiple Asset Classes

Sustainable Finance

Australia to Issue Inaugural Green Bond

Singapore Launches Action Plan to Mobilize Finance for Asia’s Net Zero Transition

Private Equity & Venture Capital

Climate Tech Startup Ebb Carbon Raises $20 Million to Deploy Ocean-Based CO2 Removal Solution

Climate Tech Startup nZero Raises $16 Million to Scale Carbon Accounting Platform

S&P Global Leads $10 Million Financing for Impact Verification Startup BlueMark

Carbon Procurement Startup Abatable Raises $13.5 Million, Acquires Carbon Credit Provider Ecosphere+

Reports, Studies & Surveys

ESG Tied to Stronger Growth and Profitability, Bain and EcoVadis Study Finds

Over 80% of Businesses Plan to Increase Spending on Environmental Sustainability Goals Over Next Year: Honeywell

Over 70% of Businesses View ESG as a Revenue Enabler: IBM Study

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