This week in ESG news: EU Commission adopts finalized CSRD and voluntary sustainability reporting standards; Google, McKinsey, Tencent sign large-scale nature-based carbon removal deals; 3M’s new Chief Sustainability Officer; EU lawmakers vote to expand CBAM carbon import tax; Canada looks to include oil and gas-related investment in sustainable finance taxonomy; Starbucks says it is “reassessing” its 2030 climate target; ECB integrates climate risk into collateral framework; EthiFinance, ESG Book merge to form ESG & credit ratings “champion”; Deutsche Bank signs sustainable aviation fuel deal with Lufthansa, 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
World’s Largest Beef Producer JBS Drops Supply Chain Net Zero Goal
Airbus Partners with MTU to Develop Hydrogen-Powered Aircraft Engine
TotalEnergies Divests its Distributed Solar Business in Europe to Focus on Utility-Scale Renewables
What Manufacturers and Suppliers Need to Know About SBTi’s V2.0 Updates
Google, McKinsey, Tencent Sign Large-Scale Nature-Based Carbon Removal Deals
Starbucks “Actively Reassessing” 2030 Climate Goal
Deutsche Bank Invests in Sustainable Aviation Fuel with Lufthansa
Government & Regulators
ECB Begins Applying Climate Risk Factors in Collateral Framework
EU Lawmakers Vote to Expand List of Products Under CBAM Carbon Import Tax
Sustainability Reporting
European Commission Adopts Finalized Corporate Sustainability Reporting Standards
ESG Services and Tools
ESG Playbook Launches New Sustainability Reporting Solutions for Small, Mid-Sized Businesses
EthiFinance, ESG Book Merge to Form European Sustainability and Credit Rating “Champion”
Permira Invests in Energy Transition and Infrastructure-Focused Consulting Firm Quadrante
Sustainable Finance
Canada Proposes New Oil and Gas Production Decarbonization Category for Sustainable Finance Taxonomy
TenneT Germany Raises €3.5 Billion in Largest-Ever Corporate EuGB-Aligned Green Bond Offering
British Solar Renewables Signs $174 Million Financing Deal with Eiffel
Private Equity & Venture Capital
EQT Acquires U.S. Energy and AI Infrastructure Platform Copia Power from Carlyle
Fleek Raises $25 Million to Scale Second-Hand Fashion Market with AI
Quaise Energy Raises $134 Million to Build First-Ever Superhot Geothermal Power Plant
Catalyst Fund Raises $30 Million to Back Climate Tech Startups in Africa
Quinbrook Raises $780 Million for Clean Energy Infrastructure Fund
Avantium Spinout Carbeau Raises $40 Million to Convert CO2 into Sustainable Materials
Google Backs Proxima’s Record $468 Million Raise in Race to First Fusion Power Plant
Climentum Launches New Climate Tech Venture Fund with €60 Million First Close
Lloyds, Wildfarmed Launch Fund to Help Farmers Adopt Sustainable Farming Practices
Exec Moves
3M Appoints Amanda Yates as Chief Sustainability Officer
