This week in ESG news: BNP Paribas faces first-ever commercial bank climate lawsuit; HSBC unveils new financed emissions goals; Republicans urge Congress to block ESG investing rule; Allianz to vote against companies who don’t tie pay to ESG goals; United Airlines launches venture fund for sustainable aviation fuel startups; India proposes ESG investing and disclosure rules; Deloitte says oil & gas sector M&A activity shifting to clean energy; new carbon credit insurance startup launches; investors warn ESG fund labelling rules won’t stop greenwashing; Republicans fight climate disclosure rules “in any form”; Wolters Kluwer launches ESG solutions business, 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

L’Oréal Signs Deals to Cover 25% of Electricity Consumption in France with Renewable Energy

Wizz Air Announces Deal for 36,000 Tons of Sustainable Aviation Fuel

Volkswagen to Retrain 22,000 Employees for EV Production as Part of €460 Million Plant Transformation

BMW Sources Low Carbon Aluminum for Vehicle Production

KBR Launches Technology to Produce Sustainable Aviation Fuel Using Captured Carbon

Amazon Backs Project to Farm Seaweed to Capture and Store Carbon

LVMH Partners with Dow on Sustainable Packaging for Cosmetics and Perfume Brands

Government & Regulators

India Proposes Supply Chain ESG Disclosure, ESG Investing Rules

Republicans Urge Congress to Block ESG Investing Rule

EU Approves Over $550 Million for Steel Decarbonization Initiatives at ArcelorMittal

ESG Reporting & Disclosure

Republican Lawmakers Attack SEC Climate Disclosure Rule “in Any Form”

ESG Services and Tools

Wolters Kluwer Launches New Division Focused on ESG Solutions

UL Solutions Launches New ESG Advisory and Assurance Practice

Guest Post – Technology: a Blueprint for a More Sustainable Future

Guest Post: Digital Transformation of EHS & ESG Promises Clarity, Consensus, and Direction

ESG Investing

Investor Association Warns that Proposed EU ESG Fund Labelling Rules Won’t Address Greenwashing

Carbon Removal Experts Push Back on $11 Trillion Investor Group’s Move to Ban Carbon Removals from Net Zero Goals

Morningstar Launches Index Suite Offering Exposure to SDG-aligned Impact Themes

AllianzGI to Begin Voting Against Companies that Don’t Link Exec Pay to ESG Performance

Sustainable Finance

HSBC Unveils Financed Emission Reduction Targets for Cement, Steel, Automotive & Aviation Sectors

BNP Paribas Sued over Fossil Fuel Financing

Private Equity & Venture Capital

Carbon Credit Insurance Startup Oka Launches with $7 Million Seed Funding

Blackstone, CDPQ & Invenergy Acquire $1.5 Billion Renewables Portfolio from AEP

Green Hydrogen Tech Company GeoPura Raises $44 Million, Backed by GM, Barclays

United Airlines Launches $100 Million Sustainable Aviation Fuel Venture Fund

NextEnergy Raises over $700 Million for Newbuild Solar Fund

Exec Moves

CBRE Appoints Robert Bernard as Chief Sustainability Officer

Reports, Studies & Surveys

Clean Energy Deals Grow to a Record Share of Oil & Gas Sector M&A Activity: Deloitte

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