This week in ESG news: 100% of large companies expect to be required to report on sustainability, but less than a third are ready for ESG data assurance, KPMG finds; Microsoft buys nearly 1 million tons of nature-based carbon removal credits; BlackRock launches new suite of low carbon transition ETFs; GRI launches standards to report on company impact on workers; Morningstar study finds ESG-labelled funds would have to sell up to $40 billion stocks to align with new EU anti-greenwashing rules; California looks to seize Big Oil profits in climate greenwashing lawsuit; Brookfield and Alterra launch $5 billion climate transition fund; Telstra ends use of carbon credits in climate goals; Engie signs deal to buy 5 million tonnes of nature based carbon removal, 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

Telstra Ends Use of Carbon Credits to Increase Focus on Decarbonization Projects

Swiss Re Signs 70,000 Tonne Biochar Carbon Removal Agreement with Carbonfuture

Google Rolls Out New Clean Energy Purchase Structure with Berkshire Hathaway’s NV Energy

Microsoft Purchases Nearly 1 Million Tons of Nature-based Carbon Removal Credits from Anew

Engie Pre-Orders 5 Million Tons of Nature-based Carbon Credits from Catona Climate

TotalEnergies, Air Products Sign Long-Term Green Hydrogen Supply Agreement

ESG Reporting

Less Than 30% of Companies are Ready for Upcoming ESG Assurance Requirements: KPMG Survey

GRI Launches Update of Standards to Report on Impact on Workers

Government & Regulators

California Seeks to Seize Big Oil Companies’ Profits in Climate Greenwashing Suit

New EU Sustainable Fund Naming Rules Could Lead to $40 Billion Divestments: Morningstar

ESG Services and Tools

ISS ESG Launches Modern Slavery Monitoring and Reporting Solution for Investors

EcoOnline Launches CSRD Sustainability Reporting Solution

Private Equity & Venture Capital

Brookfield, Alterra Launch $5 Billion Emerging Markets Climate Transition Fund

Foresight Raises €300 Million for Article 9 Energy Transition Infrastructure Fund

ESG Investing

MSCI Launches New Corporate Bond Index Suite Enabling Investors to Increase Allocations Over Time to ESG and Climate Factors

BlackRock Launches New Suite of ETFs Investing in Companies Leading Low Carbon Transition

Candriam Launches New Article 9 Sustainable Water Fund