This week in ESG news: UAE kicks off COP28 with new $30 billion climate fund; UK’s FCA releases final Sustainable Disclosure Requirements for asset managers; H&M launches green finance program to fund suppliers’ decarbonization programs; Virgin Atlantic flies milestone green fuel-powered flight; Nasdaq launches AI-powered ESG data platform; Deloitte, IBM integrate sustainability solutions; HSBC, Standard Chartered among major banks to exit SBTi; EY study finds companies not yet ready for IFRS sustainability reporting; capital raises for carbon removal, measurement solutions, zero emissions aviation tech; Bloomberg launches tool to assess companies’ SDG impact, and more.

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See below for the highlights of the past week, and get all your ESG news at ESG Today:

Sustainability Goals, Initiatives and Achievements

American Airlines Signs Carbon Removal Agreement with Cleantech Startup Graphyte

Dow to Build $6.5 Billion Net Zero Chemical Plant in Canada

Virgin Atlantic Completes First Ever 100% SAF-Powered Transatlantic Flight on Commercial Airliner

H&M Launches Green Loan Program to Finance Suppliers’ Emissions Reductions Initiatives

Government & Regulators

UAE Launches $30 Billion Climate Action Fund

FCA Releases Anti-Greenwashing and Sustainable Investment Product Rules

EU Commits €4 Billion to Fund Decarbonization, Cleantech Manufacturing Projects

ESG Reporting & Disclosure

EFRAG, GRI to Collaborate on Sustainability Reporting Standards Development, Training

ESG Services and Tools

Nasdaq Launches AI-Powered ESG Data Platform

Deloitte, IBM Launch Sustainability Solutions Collaboration

EY, AspenTech Partner on Sustainability Solutions for Industrial, Energy Sectors

Bloomberg Launches New Tool to Assess Company Impact on SDGs

Sustainable Finance

HSBC, Standard Chartered, other Major Banks Exit SBTi

Mizuho Invests in Climate Impact X to Expand Carbon Credit Market in Japan

Major Financial Institutions Launch Impact Disclosure Taskforce to Enable Capital Flows to Achieve SDGs

BNP Paribas Ends Financing for Metallurgical Coal Mining

Private Equity & Venture Capital

Carbon Storage Verification Tech Startup Yard Stick Raises $12 Million

Carbon Removal Startup Carbo Culture Raises $18 Million

Hydrogen-Electric Aviation Startup ZeroAvia Raises $116 Million

ESG Investing

Impact Investor responsAbility Launches $500 Million Asia-Focused Climatetech Investment Strategy

Reports, Surveys & Studies

Companies Only Partly Ready for New IFRS Climate Reporting Standards: EY Survey

Over 4% of Global GDP at Risk from Climate Change by 2050, S&P Warns

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