This week in ESG news: European Commission proposes finalized sustainability reporting standards; SEC takes first steps to scrap corporate climate reporting rules; Morgan Stanley survey finds growing interest in sustainable investing despite political pushback; EU lawmakers to push for tougher ESG fund labelling rules; Trump administration sues New York Times over DEI policies; IBM launches carbon accounting solution for spreadsheet users; Germany allocates €5 billion to industrial decarbonization investments; Arcadia acquires Engie Impact; capital raises for ocean-powered computing, biofuels, repurposed EV batteries, 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

Meta Signs 250 MW U.S. Renewables Deal with EDP Renewables

Octopus Energy Invests Over $680 Million in European Wind Energy Portfolio

Sandoz Unveils New Operational, Supply Chain Climate Goals

PepsiCo to Deploy Green Hydrogen-Based Fertilizer to Decarbonize European Food Supply Chain

AI Governance Is Becoming a Supply Chain Risk — Not Just an ESG Issue

Pandora Introduces Carbon Footprint Labelling for Lab Grown Diamonds

Amazon Signs Deal to Deploy Energy, Emissions-Saving HVAC Technology Across Global Building Network

TotalEnergies to Build $300 Million Solar Project in the Philippines

Government & Regulators

U.S. Sues New York Times Over Alleged DEI-Based Discrimination Against White Male Employee

EU Approves State Plans to Compensate Companies for Carbon Pricing Costs to Keep them from Relocating

Germany Invests €5 Billion to Decarbonize Energy Intensive Industries

EU Commission Says Simplification of EUDR Deforestation Law will Cut Costs for Companies by 75%

Sustainability Reporting

SEC Moves to Repeal Climate Reporting Rules

EU Releases Proposed Finalized Mandatory and Voluntary Sustainability Reporting Standards

ESG Services and Tools

Moeve, Accenture Partner on Industrial Decarbonization Solutions

Persefoni Launches Agentic AI to Help Companies Analyze Carbon Footprint

IBM Launches GHG Emissions Calculation Solution for Spreadsheet Users

Carbon Data Platform Energi.AI Acquires Sustainability Advisory CEMAsys

Arcadia Acquires Engie Impact to Create Unified Energy Intelligence Platform

Sustainable Finance

ADB Launches Financing Initiative to Scale Critical Minerals Supply Chains in Asia

Sustainable Investing

EU Parliament SFDR Draft Proposes Tougher ESG Fund Labelling Rules

Two Thirds of Investors Plan to Increase Allocation to Sustainable Investments: Morgan Stanley Survey

Private Equity & Venture Capital

Reel Raises €15 Million to Improve Energy Transition Economics Companies, Power Producers

Moment Energy Raises $40 Million to Power Data Centers, Industry with Used EV Batteries

Ameresco, HASI Launch $1.8 Billion Biofuels Platform

Barocal Raises $10 Million to Cut Data Center Cooling, Refrigeration Emissions

Peter Thiel Leads $140 Million Capital Raise for Panthalassa to Power AI Computing Using Ocean Waves

Exec Moves

Climate Analytics Provider Risilience Appoints Angela Brown as New CEO

Aberdeen Appoints Kate McGrath as Head of ESG for Fixed Income