ESG Today: Week in Review
This week in ESG news: ISO releases proposed net zero standard; EQT signs record sustainability-linked loan tied to portfolio company goals; Anthropic, Google back $900 million carbon removal fund; BoE integrates net zero transition risk into collateral framework; EBA integrates climate risk into bank stress testing; Bloomberg launches portfolio climate scoring and tracking solution; Mars hits U.S. clean energy milestone; Canada cracks down on forced labor in supply chains; EU states agree to expand CBAM carbon import tax to downstream products; Equinor drops renewable energy goal, 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
Equinor Drops Renewable Energy Goal: “Seen for Several Years We Won’t Reach that Target”
Nestlé to Produce 1.5 Billion KitKat Bars with Regeneratively Farmed Wheat
EU Steel Giants Warn Rising ETS Carbon Costs Risk “Destroying” Industrial Base
British Airways Signs SAF Purchase Deal Avoiding Nearly 200,000 Tonnes of Carbon Emissions
Frontier Raises Over $900 Million for Carbon Removal Investments from Google, Anthropic and Others
Mars Reaches 100% Renewable Electricity in U.S. Operations
DHL Targets 5x Increase in Energy Transition-Related Revenues to €3 Billion by 2030
ISO Releases Draft Net Zero Standard
Microsoft-Backed SAF Producer Twelve Launches First U.S. Plant to Make Jet Fuel from CO2
Government & Regulators
BoE Integrates Net Zero Transition Risk into Collateral Framework
Canada Launches Legislation to Ban Products Made with Forced Labor Following U.S. Tariff Threat
EBA Integrates Climate Risk into EU Banking Stress Test
EU Member States Agree to Expand CBAM Carbon Import Tax to Downstream Products
ESG Services and Tools
Sweep Launches UK SRS Sustainability Reporting Solution
Bloomberg Launches Portfolio Climate Alignment Scoring, Scenario Analysis, Emissions Tracking Tools
Upright Launches New AI Model to Quantify Companies’ Sustainability Impacts, Risks and Opportunities
Workiva Launches Agentic AI Sustainability Reporting Solution
Sustainable Finance
Iberdrola Issues €1.5 Billion Green Bond to Finance Grid, Renewables Investments
Sustainable Investing
S&P Global Launches Solution to Screen Portfolios for UN Global Compact Alignment
Private Equity & Venture Capital
100×100 Launches $100 Million Fund to Build 50 New Climate Tech Companies
Clean Fuel Startup Kvasir Raises €10 Million to Decarbonize Marine Transport
Vertoro Raises $20 Million to Scale Plant-Based Clean Fuel Technology
SolarSquare Raises $53 Million to Scale Residential Solar Platform in India
New Forests Launches A$1 Billion Global Natural Capital Fund
Exec Moves
P&G’s First Chief Sustainability Officer Virginie Helias Retires
