This week in ESG news: Over 80% of companies sticking with climate goals – PwC report; France unveils plan to quit fossil fuels by 2050; 23 states warn Moody’s, S&P and Fitch over ESG in credit ratings; NYC pension funds say BlackRock, Fidelity not aligned on climate expectations; Meta to power data centers at night with solar energy from space; Apple, Amazon warns tougher emissions reporting standards will hurt climate efforts; GHG Protocol appoints its first CEO; PepsiCo signs 10-year clean energy deal for operations and suppliers; Octopus backs 50 million ton reforestation-based carbon removal project; BTG Pactual TIG raises $1.2 billion for reforestation fund, 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

Engie Signs DAC Carbon Removal Deal with Deep Sky

Boeing Buys 20,000-Ton Portfolio of Biochar, ERW Carbon Removals

Octopus Invests $500 Million in U.S. Reforestation-Based Carbon Removal Projects

PepsiCo Signs 10-Year Clean Energy Deal for Operations and Suppliers in Europe

82% of Companies Maintaining or Accelerating Climate Goals, as Decarbonization Efforts Extend to Supply Chain: PwC

Aviva Investors, Climate Impact Partners Launch Forest Project to Remove up to 6 Million Tonnes of Carbon

Achmea Publishes Climate and Nature Transition Plan

Bezos Earth Fund Channels $34 Million to Sustainable Fashion Tech

Bill Gates’ TerraPower Starts Construction on First U.S. Advanced Nuclear Reactor

Meta Signs Deal to Power Data Centers at Night with Solar Energy from Space

Government & Regulators

France Unveils Roadmap to Quit Fossil Fuels by 2050

FCA to Pilot Reporting Requirements for ESG Ratings Providers

Multi-State Coalition Warns Moody’s, S&P, Fitch Over Use of ESG in Credit Ratings

Sustainability Reporting

Why California’s Scope 3 Reporting Needs a Clear Start

Apple, Amazon, Schneider Electric Warn GHG Protocol that Tougher Scope 2 Reporting Rules will Slow Corporate Energy Transition

Intention to Execution – Building Confidence in Scope 3 Reporting

ESG Services and Tools

IBM Launches Solution to Embed GHG Emissions Calculations into Existing Systems

Schneider Electric Launches New Climate Risk Assessment and Management Solution

Sustainable Finance

Scotiabank, RBC Drop Financed Emissions Goals

World Bank Launches $120 Million Ecosystem Restoration Bond Backed by Amazon Carbon Removal Deal

Sustainable Investing

NYC Pension Funds Say BlackRock, Fidelity not Aligned with Climate Expectations

Nordea Awarded €1 Billion ESG-Focused Covered Bond Mandate by ABN AMRO

NYC Pension Funds Cut Portfolio Carbon Footprint in Half

Amundi to Manage New €3 Billion EU-backed Green Bond Blended Finance Fund

DWS Launches New ETF to Target Electrification Opportunities

Private Equity & Venture Capital

CIP Launches New European Renewable Energy Platform Following Ørsted Onshore Acquisition

Solaria Raises €300 Million to Build Out Renewables, Storage, Data Center Infrastructure Platform

ROSI Raises $23 Million to Scale Solar Panel Recycling Capacity

Kompas VC Raises €160 Million to Back Industrial Productivity and Decarbonization Startups

Blackstone Invests €2 Billion in Renewables Developer Eurowind

BTG Pactual TIG Raises Over $1.2 Billion for Reforestation and Restoration Strategy

Exec Moves

ERM Appoints Louise Pearce as Global Leader of Sustainability and Risk

GHG Protocol Appoints Tim Mohin as First CEO