This week in ESG news: Deutsche Bank expands sustainable finance strategy to target transition opportunities; U.S. appeals court pauses California climate reporting law just weeks before implementation; EU proposes overhaul to sustainable investing regulation; Credit Agricole commits to achieve 90% green financing ratio; DHL signs major U.S. sustainable aviation fuel deal; EU states vote to delay supply chain deforestation deal – again; SEC to allow companies to block shareholder proposals at annual meetings; ABN AMRO’s new Chief Sustainability Officer; Amazon launches projects to restore 2 billion liters of water per year; Marks & Spencer launches supplier decarbonization program, 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
Rio Tinto Signs 15-Year Renewable Energy Agreement to Power U.S. Mining Operations
Marks and Spencer Launches New Fashion Supply Chain Decarbonization Program
Boeing Signs 100,000 Ton Carbon Removal Deal with Charm Industrial
FedEx Expands Sustainable Aviation Fuel Use to Chicago and Miami
DHL to Purchase More than 300 Million Liters of Sustainable Aviation Fuel from Phillips 66
Amazon Launches New Projects to Restore Over 2 Billion Liters of Water per Year
TotalEnergies Doubles Electricity Production Capacity with $5.9 Billion Acquisition
Rio Tinto Invests $23 Million in Green Iron Plant, Pauses “BioIron” Project
Government & Regulators
EU Countries Vote to Delay Supply Chain Deforestation Law for Another Year
Nestlé, Mars Warn that Delaying EU Deforestation Law Would Create Uncertainty, Disengagement
SEC to Allow Companies to Block Shareholder Proposals
SEC Chair to Target Proxy Advisors, Investors Over “Weaponization of Shareholder Proposals”
Sustainability Reporting
U.S. Court Pauses Implementation of California Climate Reporting Law
Guest Post: What the EU’s Signal Shift on Sustainability Reporting Means for You
GRI Launches New Tool to Align Climate Reporting with UN Net Zero Guidance
ESG Services and Tools
Google Launches New Free Tool to Help Manufacturers Identify Energy Efficiency Opportunities
Sustainable Finance
Cypress Creek Secures Financing for Texas Solar Plant to Supply Renewable Energy to Meta
Societe Generale, EIB Partner to Tackle the Financing Gap for Cleantech Startups
Crédit Agricole Commits to 90/10 Green-to-Brown Financing Ratio by 2028
Deutsche Bank Targets Net Zero Transition Finance Opportunities in Hard-to-Abate Sectors
Sustainable Investing
EU Commission Proposes New Sustainable, Transition Investment Fund Categories
Private Equity & Venture Capital
IFC Invests $100 Million in Brookfield’s Emerging Markets Climate Solutions Fund
Sam Altman-Backed Exowatt Raises $50 Million to Power Data Centers with Round-the-Clock Clean Energy
Exec Moves
ABN AMRO Appoints Sandra Phlippen as Chief Sustainability Officer
JPMorgan Appoints Robert Keepers as Head of Climate Tech
