In this week’s ESG News Week In Review: China announced its first absolute emissions cut target for 2035, while the EU delayed supply chain deforestation rules by a year. California named 4,000+ companies subject to new climate disclosure mandates, and the UK signed contracts for its first commercial carbon capture projects.
In carbon markets, Barclays struck its first major removal deal in Canada, Schneider Electric secured a new agreement with Climeworks, and Frontier launched a rail-based carbon management platform for ethanol. Finance headlines featured Macquarie’s $3B global energy transition fund, Iberdrola’s $120B grid investment plan, and Brazil’s $4.5B bioeconomy coalition ahead of COP30.
Meanwhile, companies from Microsoft and Apple to DHL, Mars, and IKEA rolled out new decarbonization initiatives spanning cement, forests, steel, and food systems.
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