This week in ESG news: Deloitte study finds over 70% of companies have abandoned M&A deals over ESG concerns; CDP launches new sustainability reporting platform; EU regulators call for action on greenwashing in financial sector; H&M warns against use of carbon credits in corporate net zero plans; Climeworks unveils carbon removal tech breakthrough; Kimberly-Clark’s new Chief Sustainability officer; carbon markets integrity board announces first labelled carbon credits; Microsoft joins as launch buyer for new sustainable aviation fuel program; Australia’s Active Super found guilty of misleading ESG investing claims; capital raises for green hydrogen, renewables, fusion energy tech, 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

Rio Tinto to Invest $143 Million in New Low Carbon Steel Project

ICVCM Approves its First “Core Carbon Principles”-labelled Carbon Credits

Climeworks Announces Direct Air Capture Technology Breakthrough to Scale Carbon Removal

Microsoft Launches “Datacenter Community Pledge” with Sustainability and Community Commitments

H&M Warns Against Use of Carbon Offsets in SBTi’s Climate Target Standard

SkyNRG Launches Sustainable Aviation Fuel Book & Claim Program with Microsoft as Founding Partner

Guest Post: Assessing the Impact of Climate Litigation Remains Complex

Guest Post – From Bytes to Robot Bees: AI’s Pivotal Role in Eco-sustainability

ESG Reporting

CDP Launches New Sustainability Reporting Platform Aligned with IFRS Climate Disclosure Standard

Government & Regulators

Australia Court Finds Active Super Guilty of Making Misleading ESG Investing Claims

EU Regulators Call for Increased Action to Address Growing Greenwashing Risk in Financial Sector

ESG Services and Tools

Wolters Kluwer Launches New Carbon Emissions Reporting Solution

ERM Acquires Climate, Energy Transition Consultancy Energetics

RepRisk Launches New ESG Due Diligence Scores to Assess Companies’ Specific Sustainability Risks

Sustainable Finance

Cleantech Startup Aira Secures €200 Million Financing with BNP Paribas to Drive Heat Pump Installation

Private Equity & Venture Capital

John Cockerill Raises $250 Million to Build Out Green Hydrogen Electrolyzer Business

Galvanize, Lightrock Invest in Clean Energy Tech Company Octopus Energy Group

Clean Energy Producer Smart Energies Raises $95 Million to Accelerate Deployment of Small Solar Sites

Climate Investor Pollination Launches $150 Million VC Fund to Back Climate and Nature Solutions Startups

Fusion Energy Startup Xcimer Raises $100 Million

ESG Investing

UBS, Rockefeller AM Launch New Blue Economy-Focused Ocean Engagement Fund

Mizuho Launches Collaboration with LSEG to Enable Clients to Invest in Carbon Markets

Exec Moves

Kimberly-Clark Appoints Lisa Morden as Chief Sustainability Officer

abrdn Announces Key New Sustainability Appointments

Reports, Studies & Surveys

Over 70% of Companies Have Abandoned Acquisitions Over ESG Concerns: Deloitte Survey