This week in ESG news: EU approves target to reduce emissions 90% by 2040; Korea plans mandatory sustainability reporting for companies starting 2028; China unveils cautious 2030 climate and clean energy goals; Standard Chartered earns more than $1 billion from sustainable finance; L’Oréal to make packaging out of captured CO2; California sets August 2026 deadline for first corporate climate reports; Nike names new Chief Sustainability Officer; EU launches long-awaited Industrial Accelerator Act with made-in-EU cleantech requirements; KPMG’s new Head of Global ESG; capital raises for real estate decarbonization, clean industrial heat, 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

Google, JPMorgan, Others Launch $100 Million Initiative to Tackle Superpollutants

L’Oréal Signs Deal to Turn Captured CO2 into Packaging Materials

Moeve to Build $1.2 Billion Green Hydrogen Plant in Spain

Government & Regulators

China Unveils Cautious 2030 Climate Goals

EU States Approve Target to Reduce Emissions 90% by 2040

EU Commission Unveils Industrial Accelerator Act with New Made-in-EU Requirements for Cleantech Procurement

Sustainability Reporting

Korea Plans Mandatory Sustainability Reporting Beginning in 2028

California Sets August 2026 Deadline for First Corporate Climate Reports

ESG Services and Tools

Svante Acquires Carbon Removal Supplier Carbon Alpha

XeleratedFifty Acquires Carbon Management Platform Terrascope

Upright Launches New ESG Due Diligence Solution for Investors

Datamaran Launches New ESG Regulation Monitoring Solution

Digital Product Passports Are Coming, and 2026 Is When the Real Work Begins

Sustainable Finance

Standard Chartered Earns Over $1 Billion in Sustainable Finance Income

Sustainable Investing

Schroders Greencoat Launches Green AI Infrastructure Investment Platform

AllianzGI Acquires 50% Stake in €500 Million German Battery Storage Portfolio from TotalEnergies

Private Equity & Venture Capital

Galvanize Raises $370 Million for Real Estate Decarbonization Fund

RIFT Raises $132 Million to Decarbonize Industrial Heat with “Iron Fuel”

NBIM, Brookfield, BCI Launch New Platform to Own, Acquire Clean Energy Infrastructure Across North America

BlackRock, EQT Lead $33 Billion Acquisition of AES

Exec Moves

Nike Appoints New Chief Sustainability Officer

KPMG Appoints Gauthier Acket as Head of Global ESG