This week in ESG news: Sustainable fund inflows hit highest level since 2024; Appeals court blocks Scope 3 and climate risk reporting in California’s new climate disclosure laws; Mercedes-Benz switches from 2039 carbon neutral to 2049 net zero target; EU Commission releases draft sustainability reporting assurance standards; UK proposes new supply chain deforestation due diligence laws; Just Climate raises $540 million for agriculture decarbonization solutions fund; EBA pushes back sustainability reporting simplification for banks to 2028; BBVA’s sustainable finance activity jumps by more than 25%; Amazon launches carbon footprinting solution; RWE, KKR secure €17 billion for UK renewable energy projects, 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
Amazon Launches Program to Speed Adoption of Sustainable Solutions Across AWS, Devices, Brands
Mercedes-Benz Adjusts 2039 Carbon Neutral Goal, Sets 2049 Net Zero Target
Government & Regulators
EU Parliament, Council Strike Deal to Give Industry €10 Billion in Additional Free Carbon Allowances
UK Proposes Mandatory Supply Chain Deforestation Due Diligence Rules
EU States Back One-Year Delay to Methane Reporting Rules, While Parliament Pushes for Three Years
EBA Delays ESG Reporting Simplification Measures for Banks to 2028
Sustainability Reporting
EU Commission Releases Draft Sustainability Reporting Assurance Standards
U.S. Appeals Court Blocks Key Parts of California Corporate Climate Reporting Laws
Credible Scope 3 Reporting Starts with Showing Your Work
ESG Services and Tools
Amazon Launches Product Carbon Footprinting Solution
Sphera Launches New Product Sustainability Compliance Solutions
Bloomberg Launches New Tool Enabling Investors to Assess Sustainable Bond Impact
Sustainable Finance
How Can We Finance COP31’s Electrification Plan?
RWE, KKR Secure Record $17 Billion Financing to Build Major UK Offshore Wind Projects
HSBC Doubles China Clean Energy, Transition Financing Facility to $8 Billion
BBVA Sustainable Finance Activity Jumps 27% to €120 Billion
The Collapse of KOKO Networks: A Warning for Global Carbon Markets
Sustainable Investing
Nuveen Launches New Nature-Based Solutions Fund
Nordea AM, EQ Investors Launch New Sustainability-Focused Multi-Asset Funds
Rule 14a-8: Reform, Not Demolition
Global Sustainable Fund Inflows Reach Highest Level Since 2024: Morningstar
ICE Launches Wind Power Futures to Help Manage Risk from Intermittent Renewable Energy Supply
Private Equity & Venture Capital
Just Climate Raises $540 Million for Agriculture-Focused Decarbonization Solutions Fund
Course Corrected Raises €80 Million to Back European Energy and Resource Transition Startups
Octopus Launches $600 Million Asia Clean Energy Fund
Circularity Fuels Raises $7 Million to Turn Dairy Biogas into Clean Jet Fuel
Exec Moves
Levi Strauss Appoints Jeannie Renné-Malone as New Chief Sustainability Officer
Climate Asset Management Appoints Former HSBC AM Sustainability Head Erin Leonard as New CEO
