ESG 國際新聞週報 8/7 - 8/13

August 15,2023
Resources: ESG Today

1. Over Half of M&A Dealmakers Have Cancelled Deals on ESG Due Diligence Findings: KPMG Survey

A KPMG survey reveals that ESG (Environmental, Social, and Governance) considerations are now crucial in M&A decisions. Over half of the surveyed professionals have ended deals due to significant ESG findings during due diligence, while almost two-thirds of investors are willing to pay a premium for ESG-aligned companies. About 74% of respondents already integrate ESG factors into M&A strategies, driven by identifying risks and opportunities (46%) and investor requirements (19%). Challenges include data gaps (59%) and defining ESG due diligence scope (56%). ESG's increasing importance reflects its impact on business value and resilience, a trend highlighted by KPMG's ESG and Climate Services Leader, Mark Golovcsenko.


2. Blackstone Raises $7 Billion for Largest-Ever Private Credit Energy Transition Fund

Alternative investment manager Blackstone has successfully raised $7.1 billion for its energy transition credit fund, Blackstone Green Private Credit Fund III (BGREEN III), marking the largest-ever private credit fund for energy transition. Managed by Blackstone Credit’s Sustainable Resources Platform, the fund aims to invest in renewable energy companies and support the energy transition. Blackstone launched this platform in 2022 to contribute to renewable energy and climate change solutions, with a potential $100 billion investment over the next decade. The fund's focus on efficient private capital in the growing energy transition landscape is set to generate promising returns for investors.

另類投資管理公司黑石集團成功為其能源轉型信貸基金「黑石綠色私人信貸基金III」(BGREEN III)籌集到71億美元,成為迄今最大的能源轉型私人信貸基金。該基金由黑石信貸的可持續資源平台管理,旨在投資於可再生能源公司並支持能源轉型。黑石於2022年推出了這個平台,旨在為可再生能源和氣候變化解決方案做出貢獻,未來十年內有可能投資高達1,000億美元。該基金聚焦於不斷增長的能源轉型領域,以提供高效私人資本,有望為投資者帶來有前途的回報。

3. S&P Removes ESG Indicators from Credit Rating Reports

Credit ratings agency S&P Global Ratings has decided to stop including its ESG (Environmental, Social, and Governance) credit indicators in its reports on rated entities. These indicators, introduced in September 2021, aimed to summarize the impact of ESG factors on credit analysis. S&P stated that its dedicated analytical narrative paragraphs in credit rating reports provide more effective detail and transparency on ESG credit factors. The move follows broader scrutiny of ESG ratings providers' transparency and consistency by regulators worldwide. Despite this change, S&P will continue to maintain its ESG principles criteria and commentary on ESG-related topics.


4. U.S. Grants $1.2 Billion to Develop Oxy, Climeworks Carbon Removal Projects

The U.S. Department of Energy has granted up to $1.2 billion to two projects led by Occidental's carbon capture platform, 1PointFive, and carbon removal company Climeworks, to develop direct air capture (DAC) facilities capable of capturing and storing millions of tons of CO2 from the atmosphere. These awards represent the largest-ever investment in engineered carbon removal. DAC technology, which extracts CO2 directly from the atmosphere, is recognized as a crucial carbon removal option for achieving net-zero emissions. The selected projects could significantly increase global DAC capacity, removing over 2 million metric tons of CO2 annually, playing a vital role in addressing the climate crisis.


5. California Launches Strategy to Scale Up Clean Hydrogen Economy

California Governor Gavin Newsom has unveiled a Hydrogen Market Development Strategy to foster the growth of a clean hydrogen market in the state. The aim is to position California as a prominent U.S. hydrogen hub and contribute to its decarbonization objectives. Hydrogen is considered a vital element in the shift toward cleaner energy, particularly for sectors facing challenging emissions reduction, where renewable solutions like wind or solar may be less feasible. Developing clean hydrogen capacity, including green hydrogen produced using renewable energy, requires significant investment in areas such as infrastructure, electrolysis, transportation, and storage. Newsom's announcement aligns with the U.S. National Clean Hydrogen Strategy, part of the Biden administration's efforts to expand low carbon hydrogen production and distribution. The strategy's goals include accelerating clean energy adoption, reducing transportation and industrial emissions, and creating job opportunities. The initiative involves collaboration among state agencies and aims to establish California as a key player in advancing the use of clean hydrogen.