This week in ESG news: EU kicks off ETS carbon market reforms; Nestlé, ILO launch project to improve human rights in coffee supply chain; Novisto acquires carbon accounting platform Minimum; TotalEnergies says it can’t set net zero targets due to slower than needed energy transition; new pollution reporting standards proposed by GRI; Google, Meta, McKinsey sign deals to remove carbon emissions through U.S. reforestation projects; Toyota to join Volvo, Daimler in hydrogen fuel cell JV; capital raises for space-based solar power, beauty supply chain decarbonization, energy storage tech, AI infrastructure energy 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

Nestlé Launches Project to Improve Human Rights in the Coffee Supply Chain

U.S. DOE Partners with Amazon to Recover Critical Materials from Clothing, Tech Waste

Toyota Plans to Join Volvo, Daimler Hydrogen Fuel Cell JV

Google Signs Long-Term Deal with Amex GBT, Shell SAF Platform

TotalEnergies Says it Can’t Formulate Net Zero Targets as 1.5°C is “Out of Reach”

Google, Meta, McKinsey Ink U.S. Reforestation-Based Carbon Removal Deals

Nasdaq, Adyen Buy First-Ever Carbon Credits Aligned with EU’s New Standard

Government & Regulators

EU Commission Launches First of Planned ETS Carbon Market Reforms Amid Industry Pressure

Sustainability Reporting

GRI Releases Proposed Pollution Disclosure Standards

ESG Services and Tools

Novisto Acquires Carbon Accounting Software Provider Minimum

Kayrros Launches Biodiversity Risk Assessment Platform for Investors

Private Equity & Venture Capital

Emerald AI Raises $25 Million to Align Data Center Energy Use with Grid Capacity

EnerVenue Raises $300 Million to Scale Lithium-Free Energy Storage Solutions

TerraSpark Raises €5.4 Million to Provide Solar Power from Space

Fairglow Raises €3 Million to Decarbonize Beauty Supply Chain