This week in ESG news: European Central Bank warns against watering down EU sustainability reporting rules; CDP restructures, aims to reduce sustainability reporting burden for companies; Shell faces new legal action over new oil & gas projects; Germany’s Merz looks to scrap EU sustainability due diligence law; Microsoft signs carbon credit mega-deal; L’Oréal to invest €100 million in sustainability innovations; EU lawmakers propose deeper cuts to sustainability reporting requirements; Gen Zs and Millennials integrating sustainability into career and consumption decisions; California moves forward with plans for $60 billion carbon pricing program; Republicans look to scrap billions in clean energy tax credits; New York budget allocates $1 billion to decarbonization investments, 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
Microsoft to Source 18 Million Tonnes of Nature-Based Carbon Removal Credits in New Agreement with Rubicon Carbon
Shell Faces New Legal Action Aimed at Stopping New Oil & Gas Projects
First-Ever Commercial e-Methanol Plant Begins Shipping to LEGO, Maersk, Novo Nordisk
Guest Post – Beyond Emission Reduction: Why Heavy Industry Should Embrace Carbon Removal Now
Air New Zealand Sets New 2030 Climate Goals After Dropping out of SBTi
L’Oréal Launches €100 Million Sustainable Innovation Accelerator
ESG Reporting
EU Parliament Committee Proposes Much Deeper Cuts than Omnibus to Sustainability Reporting Laws
CDP Restructures, Looks to Reduce Sustainability Reporting Burden
Guest Post: The EU Must Not Roll Back Its Green Regulations
ECB Warns EU Against Removing 80% of Companies from Mandatory Sustainability Reporting
Government & Regulators
California Plans $60 Billion Carbon Cap-and-Invest Program Despite Pressure from Trump
Republicans Launch Plan to Scrap Biden Era Green Energy Tax Credits
New York Passes Budget with Over $1 Billion Investment in Decarbonization
German Chancellor Merz Calls for EU to Scrap Supply Chain Sustainability Due Diligence Law
ESG Services and Tools
TrusTrace Launches AI-Powered Supply Chain Sustainability Traceability Platform
Datamaran Launches Networking & Resources Platform for Sustainability Professionals
DIFC Launches Initiative to Train “1 Million Learners” for Sustainability & Sustainable Finance Workforce
Asuene Enters U.S. Climate Tech Market with Acquisition of Carbon Accounting Startup NZero
Sustainable Finance
JPMorgan Backs Mati Carbon to Scale ERW Carbon Removal Business
Private Equity & Venture Capital
Ares in Talks to Acquire $2.2 Billion Stake in Eni’s Renewables, Power and EV Charging Business Plenitude
Nuclear Startup Realta Raises $36 Million to Commercialize Fusion Energy Tech
Actis Raises $1.7 Billion for Brownfield Infrastructure Investment Fund
Aligned Climate Capital Raises $200 Million for Distributed Solar Fund
Sustainable Investing
CBRE IM Invests in Large-Scale Battery Storage Portfolio in Texas and California
Triodos, STOXX Launch New Impact Investing Index
Octopus Launches New Fund to Give Investors Access to Clean Energy Investment Opportunities
Exec Moves
Former Blackstone ESG Chief Jean Rogers Joins Pegasus Capital Advisors
Impact Investor Acumen Appoints Carsten Stendevad as President and Chief Investment Officer
Reports, Studies & Surveys
70% of Gen Z, Millennials Consider Environmental Sustainability Important in Choosing Employers: Deloitte Survey
