This week in ESG news: New York Senate passes mandatory climate reporting bill; Microsoft hits 100% clean energy milestone; ECB fines Crédit Agricole for not meeting climate risk expectations; EY introduces new framework to help companies embed sustainability across the enterprise; ISO launches new climate adaptation standard; 10 U.S. states warn companies against participating in environmental groups; Bloomberg appoints new global head of sustainable finance; ECB warns revised EU sustainability reporting standards will reduce transparency for investors; capital raises for nature-based carbon removal, sustainable aviation fuel, industrial decarbonization tech, 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 Hits 100% Renewable Electricity Milestone
Amazon to Help Suppliers Invest in Clean Fuel Carbon Credits
Google, Ormat Sign Deal to Power Data Centers from New Geothermal Projects
Heineken Achieves 100% Renewable Energy-Powered Brewing in Spain
Exomad Green, Senken Sign 105,000 Tonne Carbon Removal Deal to Target Aviation Sector
ISO Launches New Climate Adaptation Standard
Compliance vs Competitiveness: Why It Shouldn’t Be A Trade-Off
London’s Heathrow Airport Targets 5.6% SAF Use in 2026, 11% in 2030
Government & Regulators
Multi-State Coalition Warns Companies Against Participating in Sustainable Packaging Initiatives
ECB Fines Crédit Agricole €7.6 Million for Not Meeting Climate Risk Expectations
Sustainability Reporting
ECB Warns Simplified EU Sustainability Reporting Standards “Significantly Reduce Transparency for Investors”
New York Lawmakers Pass Bill Mandating GHG Disclosure by Large Companies
ESG Services and Tools
EY Launches Framework to Help Companies Embed Sustainability Across the Enterprise
TrusTrace, Retailers Launch New Human Rights Due Diligence Platform
ClimeFi Launches Carbon Removal Project Due Diligence Platform
Sustainable Finance
France Grants INEOS €300 Million to Decarbonize Chemical Plant
Lydian Energy Secures $689 Million to Build U.S. Solar and Battery Storage Projects
Sustainable Investing
Ontario Teachers’ Pension Plan Replaces Portfolio Emissions Reduction Goal with New Climate Investment Target
Private Equity & Venture Capital
hummingbirds Raises $59 Million to Scale Nature-Based Carbon Projects
Shell, British Airways Parent IAG Lead New Capital Raise for SAF Producer LanzaJet
Metafuels Raises $24 Million to Scale Low-Cost Synthetic Sustainable Aviation Fuel Technology
Utility Global Raises $100 Million to Decarbonize Hard-to-Abate Sectors with Clean Hydrogen Tech
Exec Moves
Ostrum Appoints Maud Pierre-Minuit as Head of Sustainable Transitions
Bloomberg Appoints S&P Sustainability Unit Chief Lauren Smart as Global Head of Sustainable Finance
Schroders Capital Appoints Holly Turner as Head of Sustainable Investments
