This week in ESG news: EU approves target to reduce emissions 90% by 2040; Korea plans mandatory sustainability reporting for companies from starting 2028; China unveils cautious 2030 climate and clean energy goals; Standard Chartered earns more than $1 billion from sustainable finance; L’Oréal to make packaging out of captured CO2; California sets August 2026 deadline for first corporate climate reports; Nike names new Chief Sustainability Officer; EU launches long-awaited Industrial Accelerator Act with made-in-EU cleantech requirements; KPMG’s new Head of Global ESG; capital raises for real estate decarbonization, clean industrial heat, 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
Google, JPMorgan, Others Launch $100 Million Initiative to Tackle Superpollutants
L’Oréal Signs Deal to Turn Captured CO2 into Packaging Materials
Moeve to Build $1.2 Billion Green Hydrogen Plant in Spain
Government & Regulators
China Unveils Cautious 2030 Climate Goals
EU States Approve Target to Reduce Emissions 90% by 2040
EU Commission Unveils Industrial Accelerator Act with New Made-in-EU Requirements for Cleantech Procurement
Sustainability Reporting
Korea Plans Mandatory Sustainability Reporting Beginning in 2028
California Sets August 2026 Deadline for First Corporate Climate Reports
ESG Services and Tools
Svante Acquires Carbon Removal Supplier Carbon Alpha
XeleratedFifty Acquires Carbon Management Platform Terrascope
Upright Launches New ESG Due Diligence Solution for Investors
Datamaran Launches New ESG Regulation Monitoring Solution
Digital Product Passports Are Coming, and 2026 Is When the Real Work Begins
Sustainable Finance
Standard Chartered Earns Over $1 Billion in Sustainable Finance Income
Sustainable Investing
Schroders Greencoat Launches Green AI Infrastructure Investment Platform
AllianzGI Acquires 50% Stake in €500 Million German Battery Storage Portfolio from TotalEnergies
Private Equity & Venture Capital
Galvanize Raises $370 Million for Real Estate Decarbonization Fund
RIFT Raises $132 Million to Decarbonize Industrial Heat with “Iron Fuel”
NBIM, Brookfield, BCI Launch New Platform to Own, Acquire Clean Energy Infrastructure Across North America
BlackRock, EQT Lead $33 Billion Acquisition of AES
Exec Moves
Nike Appoints New Chief Sustainability Officer
KPMG Appoints Gauthier Acket as Head of Global ESG
