This week in ESG news: EU lawmakers approve target to reduce emissions 90% by 2040; BNP Paribas significantly beats sustainable finance target; Trump repeals key ruling underlying major climate regulations; Survey – vast majority of companies advancing sustainability initiatives, communication; Deutsche Bank issues its first EuGB Green Bond; U.S. SEC puts ESG fund naming rule under review; TotalEnergies signs major clean energy deal with Google; U.S. court dismisses anti-DEI suit against Starbucks; capital raises for fusion tech, sustainable aviation fuel, shipping decarbonization, 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
ArcelorMittal to Invest $1.5 Billion in Low Carbon Steelmaking in France, Citing Improved Policy Environment
BNP Paribas, Eclipse Partner to Build Battery Storage Across Europe
Only 3% of Companies Cut Back on Sustainability Communication and Initiatives over Past Year: Workiva Survey
Reframing Climate Risk in the Supply Chain
Terradot Acquires Carbon Removal Competitor Eion
TotalEnergies Signs its Biggest U.S. Renewable Energy Deal to Power Google Data Centers
Government & Regulators
Trump Repeals Landmark “Endangerment Finding” Underlying Major Climate Regulations
Von der Leyen: EU States Reinvesting Less than 5% of Carbon Pricing Revenues Back into Industrial Decarbonization
EU Bans Destruction of Unsold Clothing, Footwear
Carbon Markets Could Save the Political Mandate for Net Zero in the EU — But They Have to Work
EU Lawmakers Approve Target to Reduce Emissions 90% by 2040
U.S. Court Dismisses Missouri Anti-DEI Case Against Starbucks, Finding No Indication “that Discrimination Actually Took Place”
ESG Services and Tools
Deepki Acquires Real Estate Energy Management Solutions Provider Sobre Energie
SLR Acquires Sustainability Consulting and Solutions Provider SB&CO
Dcycle Acquires ESG-X to Scale Sustainability Data Management Business
Sustainable Finance
SkyNRG Secures Funding to Build Netherlands’ First Sustainable Aviation Fuel Plant
Deutsche Bank Issues its First Green Bond Under the EuGB “Gold Standard”
Relabelling Risk in Transition Finance: Why Evidence is Key
BNP Paribas Significantly Beats its €200 Billion Low Carbon and Transition Finance Goal
Sustainable Investing
SEC Chair Says Commission to Review ESG Fund Names Rule
Private Equity & Venture Capital
Fusion Startup Inertia Raises $450 Million to Deliver Clean Energy with World’s Most Powerful Laser
Airbus, Qantas Back Low Carbon Fuel Producer HAMR
Vision Ridge Raises $2.4 Billion for Climate-focused Real Assets Fund
Liberty Mutual, Ara Partners Launch Energy, Infrastructure Investment Partnership
tem Raises $75 Million to Help Buy and Sell Clean Electricity Using AI
Eurazeo Raises Over $200 Million for New Maritime Decarbonization Fund
newcleo Raises $88 Million to Build Nuclear Waste-Powered Reactors
TPG’s Climate Fund Acquires Majority Stake in Grid Infrastructure Company Sabre Industries
