This week in ESG news: Microsoft signs record-breaking carbon removal deal; EY survey finds over half of CEOs say sustainability a higher priority vs one year ago; BCG sustainable aviation deal to cut 100,000 tons of emissions; ERM launches carbon credit consulting business; KKR & HASI launch $2 billion sustainable infrastructure investment partnership; UK High Court rules government’s climate strategy unlawful; more US-listed companies linking emissions reduction to incentive compensation; Canada launches greenwashing investigation against lululemon; Hong Kong launches sustainable investment taxonomy; Virgin Atlantic SAF-powered flight reduces emissions by 64%; capital raises for green hydrogen tech, EV charging, grid optimization 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

Climeworks Starts Up Largest-Ever DAC Carbon Removal Plant

PepsiCo to Achieve its First Net Zero Plant by 2025

Mars Launches Initiative to Tackle Carbon Footprint of Dairy Supply Chain

Amazon Launches Electric Heavy Duty Truck Fleet in California

Virgin Atlantic Reports 64% Emissions Reduction on SAF-Powered London to New York Flight

Teva Commits to Net Zero Across Value Chain, 100% Renewable Energy

BCG Signs Sustainable Aviation Fuel Deal to Eliminate 100,000 Tons of CO2 Emissions

Microsoft Signs Largest-Ever 3.3 Million Tonne Carbon Removal Deal with Stockholm Exergi

ESG Reporting

EPA Boosts Emissions Reporting Requirements for Oil & Gas Companies

Government & Regulators

Canadian Regulator Launches Greenwashing Investigation into Lululemon Environmental Claims

Hong Kong Launches Taxonomy to Classify Green Activities and Investments

DOE Allocates $500 Million to Infrastructure Projects to Transport Captured Carbon

UK High Court Rules Government’s Climate Plan Unlawful

ESG Services and Tools

ERM Launches Carbon Credit Consulting Business

Optera Launches Solution Enabling Companies to Collect Emissions Data from Supply Chain

Sustainable Finance

Standard Chartered Commits to Reduce Financed Methane Emissions from Oil and Gas Sector

Private Equity & Venture Capital

Green Hydrogen Startup Hysata Raises $111 Million

KKR, HASI Launch $2 Billion Sustainable Infrastructure Investment Venture

Climate Tech Startup Electricity Maps Raises $5 Million to Scale Electricity Optimization Solutions

EV Charging Solutions Provider EnviroSpark Raises $50 Million

ESG Investing

Sustainable “Blue Economy” Fund Ocean 14 Capital Raises €201 Million

Reports, Studies & Surveys

More than a Third of S&P 500 Companies Now Have Compensation Tied to Climate Goals: S&P Global

Over Half of CEOs Say Sustainability a Higher Priority Now than 12 Months Ago: EY Survey