This week in ESG news: 24 states sue Trump administration over repeal of landmark climate ruling; world’s largest sovereign wealth fund NBIM unveils nature risk expectations for portfolio companies; ING’s sustainable finance activity jumps more than 25%; von der Leyen says EU Commission to revise ETS for “a more realistic trajectory”; Whirlpool commits to net zero across the value chain; LEGO to build solar plant to power new $1.5 billion U.S. factory; EU expert group says new sustainability reporting rules risk placing EU below global baseline; pension fund Nest to vote against companies that backtrack on climate commitments; capital raises for green chemicals, industrial decarbonization, climate analytics technologies, 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

TotalEnergies Launches France’s First Advanced Plastics Recycling Plant

LEGO to Install Over 40,000 Solar Panels at its First U.S. Factory

Google Signs Deal to Remove 200,000 Tons of CO2 by Turning Landfill Waste into Biochar

ERM, Secaro and AstraZeneca Partner to Decarbonize Industrial Heat

Whirlpool Commits to Reach Net Zero Across Value Chain by 2050

Reliance Signs $3 Billion Green Ammonia Supply Deal with Samsung C&T

FedEx Launches Reusable Packaging for B2B Shippers

Government & Regulators

EU’s von der Leyen Pledges to Revise Carbon Pricing System, Introduce €30 Billion Cleantech Fund

24 States Sue Trump Administration Over Repeal of Endangerment Finding Underlying Major Climate Laws

UK Unveils $3.3 Billion Fusion Strategy

Trump Administration Sues California to Eliminate Vehicle CO2 Standards, ZEV Sales Mandate

Sustainability Reporting

EU Platform on Sustainable Finance Warns ESRS Simplification Risks Placing EU Below Global Sustainability Reporting Baseline

The False Trade-off Between Competitiveness and Sustainability

The Ratings Overhaul that Could Add to the Sustainability Reporting Burden

ESG Services and Tools

Turning Climate Ambition into Action: Accelerating Supply Chain Decarbonization

Sustainable Finance

Standard Chartered, COFCO Sign $435 Million Loan with Terms Tied to Supply Chain Sustainability Targets

Fervo Secures $421 Million to Build U.S. Geothermal Energy Plant

ING’s Sustainable Finance Activity Jumps 28% in 2025

Sustainable Investing

Norway’s $2 Trillion Wealth Fund Sets Expectations for Portfolio Companies to Assess, Report, Manage Nature Risks

BNP Paribas AM Invests in Farming Decarbonization Platform FarmCarbon

Nest to Vote Against Companies that Have Scaled Back Climate Commitments

BNP Paribas AM Invests in Forest Restoration Developer Rainforest Builder

Private Equity & Venture Capital

KKR to Invest up to $310 Million in India Electric Bus Platform Allfleet

Earth Blox Raises $8 Million to Help Companies Assess Climate, Nature Risks

Level Nine Raises $4.6 Million to Convert Biomass into Green Chemicals

ReNew Raises $95 Million to Expand Commercial & Industrial Decarbonization Platform

Exec Moves

HSBC Appoints Sophie Brucale as Head of Sustainability for Europe