This week in ESG news: Canada to require oil & gas industry to slash emissions; California’s climate reporting law survives legal challenge; Mizuho invests in climate solutions provider Pollination; new clean energy deals signed by H&M, Meta, Saint-Gobain; incoming EU finance Commissioner calls for sustainable investment labels, reduced SFDR reporting burden; UAE to invest $54 billion in clean energy transition; UK drops greenwashing investigation against Unilever; LA sues Coke and Pepsi over plastic pollution and recycling claims; consolidation in the carbon accounting sector; new tool launched for banks and investors to assess portfolio nature impact; capital raises for electric aviation, renewable energy development, 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

Archer Lands up to $500 Million Purchase Deal for Electric Aircraft in Japan

Saint-Gobain, Boralex Sign 20-Year PPA Enabling Development of Three New Renewable Energy Projects in France

FREYR Acquires 5GW Solar Module Plant from Trina Solar for $340 Million

H&M Signs Solar PPA Enabling New Renewable Energy Construction in Texas

Meta Signs 260 MW Solar Energy Purchase Deal with Engie to Support Net Zero Goals

Guest Post: Third-Party Data Centers are Corporate ESG’s Ticking Time Bomb

Samsonite to Ramp Recycled Materials Use to Tackle Scope 3 Emissions

Coty Sets New Sustainable Packaging, Water Targets

ESG Reporting

California Climate Disclosure Regulation Passes Major Legal Hurdle

Government & Regulators

Australia Regulator Pledges “Pragmatic” Approach to Enforcing New Sustainability Reporting Requirements

EU Insurance Regulator Calls for Higher Capital Requirements for Fossil Fuel Assets Due to Transition Risk

UK Regulator Drops Green Claims Investigation into Unilever Following Changes by Company

Los Angeles County Sues Coca-Cola and PepsiCo Over Plastic Pollution, Recyclability Claims

UAE Plans to Invest $54 Billion by 2030 to Meet Sustainable Energy Demand

Canada Launches Regulation Requiring 35% Emissions Reduction from Oil & Gas Companies

ESG Services and Tools

Optera Launches Updated Solution to Help Companies Collect and Report Supply Chain Emissions Data

Normative Acquires Carbon Accounting Solution Provider Eivee

Sustainable Finance

NatureFinance Launches Tool Enabling Investors, Banks to Assess Portfolio Nature Impact

Mizuho Invests $20 Million in Climate and Nature Solutions Provider Pollination

Allianz Trade Launches Surety Solution to Enable Clients to Invest in Cleantech, Renewables Projects

Private Equity & Venture Capital

Electric Aircraft Company BETA Technologies Raises $318 Million

Solar and Storage Developer ZE Energy Raises €54 Million to Fund Expansion Across Europe

Sustainable Investing

Proposed EU Financial Services Commissioner to Push for Sustainable Investment Product Labels, Reduced Reporting Burdens

Exec Moves

LGT Wealth Management Appoints Phoebe Stone as Chief Sustainability Officer

DBS Appoints Shilpa Gulrajani as Head of Sustainable Finance for Institutional Banking