This week in ESG news: SBTi releases new flagship corporate net zero standard; CDP splits, launches private equity-backed sustainability reporting commercial entity; Omnibus cuts nearly 90% of non-EU companies from CSRD scope; Amazon hits 75% milestone towards water positive data centers goal; Google signs record sustainable aviation fuel deal with American Airlines; UK proposes dropping TCFD climate reporting requirements for investment products; BlackRock’s new head of sustainable and transition investing; Amazon expands carbon credit sourcing service for suppliers and enterprise customers, 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

Amazon Achieves 75% of Goal to be Water Positive in Data Centers by 2030

Microsoft Signs ERW Carbon Removal Deal in India with Alt Carbon

DHL Invests €160 Million in Decarbonization, Infrastructure in France

Amazon Launches Carbon Credit Sourcing Service for UK Suppliers, Enterprise Customers

SBTi Releases Finalized New Corporate Net Zero Standard

Google Signs Record SAF Deal with American Airlines

Airbus, Technip, Safran and Tereos to Develop Large-Scale SAF Production Facility in France

Here’s What the 2026 Election Is Really About: E, S & G

Alphabet’s Waymo to Repurpose Used EV Batteries for Grid Storage

TD Signs 10-Year Carbon Removal Deal with Deep Sky

Government & Regulators

Italy’s €23 Billion Plan to Support Renewable Energy Buildout Approved by EU

UK Proposes Dropping TCFD-Based Climate Reporting for Investment Products

Sustainability Reporting

CDP Splits into 2 Entities, Announces Significant Investment by Permira

Omnibus Cuts Non-EU Companies in the Scope of CSRD from 10,000 to 1,200: EFRAG

CDP Adds New Ocean Category to Sustainability Reporting Platform

ESG Services and Tools

Novara Acquires Sustainability Software Platform Ensogo

Osapiens, GreenDot Partner on Sustainable Packaging Compliance Solution

Sustainable Finance

Cypress Creek Secures $3.5 Billion to Build One of the Largest Solar & Storage Projects in U.S.

Sustainable Investing

Northern Trust Launches New Climate-Focused UCITS Equity Funds

Societe Generale Invests €100 Million in Ardian’s Nature-Based Solutions Fund

Private Equity & Venture Capital

Brookfield, Mitsubishi Launch New European Renewable Energy Platform

Energy Optimization Software Startup Companion.Energy Raises $9 Million

Exec Moves

Cushman & Wakefield Appoints Stephanie Greene as Chief Sustainability Officer

BlackRock Appoints Louise Kooy-Henckel as Global Head of Sustainable and Transition Solutions