This week in ESG news: EU lawmakers vote to slash sustainability reporting, due diligence rules; World’s largest companies resume net zero goal setting after pausing last year; SBTi releases new draft corporate net zero standard; IFRS Foundation’s ISSB to develop nature-related reporting standards; UK releases sustainability reporting assurance standards; Nike signs deals to source recycled materials; Zurich Insurance drops pursuit of SBTi validation for net zero goals; the ECB’s first banking fine for not meeting climate risk compliance expectations; U.S. Supreme Court asked to stop California climate reporting rules; Singapore launches sustainable aviation fuel fee for all departing flights, 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
The World’s Largest Companies Have Resumed Setting Net Zero Goals After Pausing Last Year: Accenture Survey
Google, TotalEnergies Sign 15-Year Renewable Energy Deal to Power Ohio Data Centers
Zurich Decides to Drop Pursuit of SBTi Validation of Net Zero Goals
Apple Invests in Renewable Energy, Forest Projects in Australia and New Zealand
Nike Signs Deals for Recycled Materials with Cleantech Startups Syre, Loop
Salesforce Launches New Program to Address Water Use at Data Centers, Power Supply
SBTi Proposes More Flexible Corporate Net Zero Standard
Government & Regulators
EU to Begin Negotiations with UK to Link Carbon Markets
ECB Fines Spanish Bank ABANCA for Not Meeting Climate Risk Expectations
Singapore Introduces Sustainable Aviation Fuel Fee for All Departing Passengers
Sustainability Reporting
U.S. Chamber of Commerce Asks Supreme Court to Stop California’s Climate Reporting Laws
EU Parliament Votes to Slash Corporate Sustainability Reporting, Due Diligence Requirements
TNFD to Pause New Work After ISSB Takes Over Nature Reporting Standard Setting
UK Releases Sustainability Reporting Assurance Standard
ISSB to Develop Standards for Nature-Related Reporting
ESG Services and Tools
Guest Post: AI Can Be the Positive Catalyst for Climate Action at COP30
Carbon Direct Acquires Carbon Project MRV Platform Pachama
Sustainable Finance
Hong Kong Issues Largest-Ever Digital Green Bond
EIB Announces Global Launch of Tool Enabling Banks to Identify, Assess Green Projects
Sustainable Investing
Mirova Invests $30 Million in India-based Sustainable Farming Carbon Project
AXA IM Alts Raises $560 Million for Nature-Based Solutions Strategy
Private Equity & Venture Capital
Voya Energy Raises $13 Million to Turn Metal into Carbon-Free Fuels
Electric Truck Maker Harbinger Raises $160 Million, Signs Order with FedEx
ESG Compliance Platform GreenFi Raises $2 Million
