This week in ESG news: Survey finds companies not in favor of process to reduce CSRD sustainability reporting requirements; SAP launches new suite of sustainability data tools; Microsoft buys low carbon building materials to help spur clean solutions markets; EU on track to reach 2030 climate goals; EBA proposes simplifying ESG reporting for banks; Watershed launches free emissions database to drive decarbonization efforts; Germany walks back call to scrap supply chain sustainability laws; Schneider Electric launches agentic AI-powered sustainability solutions initiative; Danske Bank shifts focus to transition finance; Snam attracts $10 billion order book for net zero-focused sustainability linked bond; capital raises for nuclear teach, renewables, carbon removal solutions, 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 Purchases 60,000 Soil Carbon Credits from Sustainable Farming Solutions Provider Indigo
Google Backs AgTech Projects to Save 2 Billion Liters of Water on U.S. Farms
OMV to Build One of Largest Green Hydrogen Plants in Europe
Hitachi Raises Climate Ambition to Net Zero Across Value Chain by 2050
Microsoft Buys Over 600,000 Tons of Green Cement to Help Build Sustainable Materials Market
TotalEnergies Commissions its Largest Solar Project in Europe
Starbucks Launches Compostable, Recyclable Cups
Government & Regulators
EU Nearly on Track to Hit 2030 Climate Goals
EU Lawmakers Adopt Rules Giving Automakers More Time to Meet Emissions Targets
EBA Proposes Simplified ESG Reporting Requirements for Banks
Germany Walks Back Call to Scrap the EU’s Supply Chain Sustainability Law
ESG Reporting
Majority of Companies Not in Favor of Omnibus Proposals to Reduce CSRD Sustainability Reporting Requirements: Survey
EU Ombudsman Launches Inquiry into Commission’s Process to Reduce Sustainability Reporting, Due Diligence Requirements
ESG Services and Tools
Socialsuite Launches AI-Powered Double Materiality Assessment Solution
SAP Launches New Sustainability Data Management Solutions
Watershed Launches Free Emissions Database to Enable More Accurate Decarbonization Decisions
Schneider Electric Appoints Julien Picaud to Lead New Agentic AI Sustainability Ecosystem Initiative
Sustainable Finance
Danske Bank Shifts Sustainable Finance Focus to Financing Transition of High Emitting Companies
Snam Raises $2 Billion in First-Ever Sustainability Linked Bond Offering Tied to Full Value Chain Net Zero Targets
Private Equity & Venture Capital
Clean Energy Startup Radiant Raises $165 Million to Replace Diesel Generators with Portable Nuclear Reactors
Clean Energy Producer Solveo Raises €98 Million
India-Based Climate Tech Startup Alt Carbon Raises $12 Million to Trap Carbon in Rocks and Soil
Sustainable Investing
Pension Manager APG Invests €250 Million in SkyNRG to Scale Sustainable Aviation Fuel Platform
BlackRock Enters Talks to Acquire Co-Controlling Stake in Eni’s Carbon Capture Business
