Welcome to the final ESG Today Week in Review for 2025!

This week in ESG news: New York to require mandatory GHG emissions reporting for large emitters from 2027; EU to scrap 2035 ban on combustion engine cars; Microsoft signs large scale bioenergy-based carbon removal agreement; BlackRock loses another multi-billion dollar pension fund mandate over ESG policies; Canada to launch sustainable investment taxonomy in 2026; Google signs 21-year clean energy deal with TotalEnergies to power data centers;  EU expands carbon tax on imports to machinery, appliances; IATA warns poor policy is holding back growth of sustainable aviation fuel production; asset owners increasing sustainability integration in investing in 2025, 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

Microsoft Signs Enhanced Rock Weathering Carbon Removal Deal with InPlanet

DHL Signs Emissions Reduction Rights Deal with Air France KLM Cargo

Google, ReNew Sign Deal to Build 150 MW Solar Project in India

Guest Post: 2026 The Credibility Test – Eight Sustainability Trends that Will Matter for Businesses

Microsoft Signs Long-term Clean Energy and AI Deployment Deal in Spain with Iberdrola

Google Signs 21-Year Clean Energy Deal with TotalEnergies to Power Malaysia Data Centers

Neste Pushes Back Climate Targets Due to Required Investments that are “Currently Not Realistic”

SBTi Pilots New Draft Power Sector Net Zero Standard

IATA Warns Poor Policy is Slowing Production Growth, Increasing Price of Sustainable Aviation Fuel

Microsoft Signs 3.6 Million Ton CO2 Removal Deal with U.S. Clean Fuel and Carbon Capture Project

Government & Regulators

EU Council Adopts Revised EUDR, Marking Final Step in Delay of Supply Chain Deforestation Law

EU to Scrap Requirements for 100% Emissions Reduction from New Cars by 2035

EU to Expand CBAM Carbon Import Tax to Downstream Products to Avoid Production Shift to Countries with Weaker Climate Policies

Sustainability Reporting

EU Parliament Approves Omnibus Agreement to Cut Sustainability Reporting and Due Diligence Requirements

Guest Post – The Smartest Path to CDP Success: Reframe Your Score as A Catalyst for Action and Advantage

New York Releases Regulation Requiring Mandatory GHG Reporting for Large Emitters from 2027

ESG Services and Tools

Barclays, ExpectAI Partner to Help SMEs Use Sustainability Data to Grow Profits

Sustainable Finance

Canada to Launch Sustainable Investment Taxonomy in 2026

Sustainable Investing

STOXX Acquires Sustainable Investment Solutions Provider ECPI

Asset Owners Increased Use of Sustainability Factors in 2025, with Performance as Top Driver: FTSE Russell Survey

BlackRock Loses $5.9 Billion Mandate with Dutch Pension Fund Over ESG Stance

Private Equity & Venture Capital

Radiant Raises $300 Million to Mass Produce Small Nuclear Reactors

HASI, KKR Double Down on U.S. Sustainable Infrastructure Platform with New $1 Billion Commitment

SuperCircle Raises $24 Million to Help Retail Brands Make Money Recycling End-of-Life Textiles

Exec Moves

Nordea AM Appoints 2 New Portfolio Managers for Sustainable Investing Team

Real Estate Sustainability Data Provider Measurabl Appoints Maureen Waters as New CEO