This week in ESG news: EU lawmakers approve target to reduce emissions 90% by 2040; BNP Paribas significantly beats sustainable finance target; Trump repeals key ruling underlying major climate regulations; Survey – vast majority of companies advancing sustainability initiatives, communication; Deutsche Bank issues its first EuGB Green Bond; U.S. SEC puts ESG fund naming rule under review; TotalEnergies signs major clean energy deal with Google; U.S. court dismisses anti-DEI suit against Starbucks; capital raises for fusion tech, sustainable aviation fuel, shipping decarbonization, 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

ArcelorMittal to Invest $1.5 Billion in Low Carbon Steelmaking in France, Citing Improved Policy Environment

BNP Paribas, Eclipse Partner to Build Battery Storage Across Europe

Only 3% of Companies Cut Back on Sustainability Communication and Initiatives over Past Year: Workiva Survey

Reframing Climate Risk in the Supply Chain

Terradot Acquires Carbon Removal Competitor Eion

TotalEnergies Signs its Biggest U.S. Renewable Energy Deal to Power Google Data Centers

Government & Regulators

Trump Repeals Landmark “Endangerment Finding” Underlying Major Climate Regulations

Von der Leyen: EU States Reinvesting Less than 5% of Carbon Pricing Revenues Back into Industrial Decarbonization

EU Bans Destruction of Unsold Clothing, Footwear

Carbon Markets Could Save the Political Mandate for Net Zero in the EU — But They Have to Work

EU Lawmakers Approve Target to Reduce Emissions 90% by 2040

U.S. Court Dismisses Missouri Anti-DEI Case Against Starbucks, Finding No Indication “that Discrimination Actually Took Place”

ESG Services and Tools

Deepki Acquires Real Estate Energy Management Solutions Provider Sobre Energie

SLR Acquires Sustainability Consulting and Solutions Provider SB&CO

Dcycle Acquires ESG-X to Scale Sustainability Data Management Business

Sustainable Finance

SkyNRG Secures Funding to Build Netherlands’ First Sustainable Aviation Fuel Plant

Deutsche Bank Issues its First Green Bond Under the EuGB “Gold Standard”

Relabelling Risk in Transition Finance: Why Evidence is Key

BNP Paribas Significantly Beats its €200 Billion Low Carbon and Transition Finance Goal

Sustainable Investing

SEC Chair Says Commission to Review ESG Fund Names Rule

Private Equity & Venture Capital

Fusion Startup Inertia Raises $450 Million to Deliver Clean Energy with World’s Most Powerful Laser

Airbus, Qantas Back Low Carbon Fuel Producer HAMR

Vision Ridge Raises $2.4 Billion for Climate-focused Real Assets Fund

Liberty Mutual, Ara Partners Launch Energy, Infrastructure Investment Partnership

tem Raises $75 Million to Help Buy and Sell Clean Electricity Using AI

Eurazeo Raises Over $200 Million for New Maritime Decarbonization Fund

newcleo Raises $88 Million to Build Nuclear Waste-Powered Reactors

TPG’s Climate Fund Acquires Majority Stake in Grid Infrastructure Company Sabre Industries