ESG Today: Week in Review

This week in ESG news: ISO releases proposed net zero standard; EQT signs record sustainability-linked loan tied to portfolio company goals; Anthropic, Google back $900 million carbon removal fund; BoE integrates net zero transition risk into collateral framework; EBA integrates climate risk into bank stress testing; Bloomberg launches portfolio climate scoring and tracking solution; Mars hits U.S. clean energy milestone; Canada cracks down on forced labor in supply chains; EU states agree to expand CBAM carbon import tax to downstream products; Equinor drops renewable energy goal, 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

Equinor Drops Renewable Energy Goal: “Seen for Several Years We Won’t Reach that Target”

Nestlé to Produce 1.5 Billion KitKat Bars with Regeneratively Farmed Wheat

EU Steel Giants Warn Rising ETS Carbon Costs Risk “Destroying” Industrial Base

British Airways Signs SAF Purchase Deal Avoiding Nearly 200,000 Tonnes of Carbon Emissions

Frontier Raises Over $900 Million for Carbon Removal Investments from Google, Anthropic and Others

Mars Reaches 100% Renewable Electricity in U.S. Operations

DHL Targets 5x Increase in Energy Transition-Related Revenues to €3 Billion by 2030

ISO Releases Draft Net Zero Standard

Microsoft-Backed SAF Producer Twelve Launches First U.S. Plant to Make Jet Fuel from CO2

Government & Regulators

Trump Administration Signs $765 Million Deal with Invenergy to Swap Offshore Wind Projects for Natural Gas, Geothermal

BoE Integrates Net Zero Transition Risk into Collateral Framework

Canada Launches Legislation to Ban Products Made with Forced Labor Following U.S. Tariff Threat

EBA Integrates Climate Risk into EU Banking Stress Test

EU Member States Agree to Expand CBAM Carbon Import Tax to Downstream Products

ESG Services and Tools

Sweep Launches UK SRS Sustainability Reporting Solution

Bloomberg Launches Portfolio Climate Alignment Scoring, Scenario Analysis, Emissions Tracking Tools

Upright Launches New AI Model to Quantify Companies’ Sustainability Impacts, Risks and Opportunities

Workiva Launches Agentic AI Sustainability Reporting Solution

Sustainable Finance

Iberdrola Issues €1.5 Billion Green Bond to Finance Grid, Renewables Investments

EQT Signs Record $4.4 Billion Sustainability-Linked Loan Tying Rates to Portfolio Companies’ Performance Against Material Targets

Sustainable Investing

NYC Comptroller Launches Search for Asset Managers After Predecessor Recommended Dropping BlackRock Over Climate Concerns

S&P Global Launches Solution to Screen Portfolios for UN Global Compact Alignment

Private Equity & Venture Capital

100×100 Launches $100 Million Fund to Build 50 New Climate Tech Companies

Clean Fuel Startup Kvasir Raises €10 Million to Decarbonize Marine Transport

Vertoro Raises $20 Million to Scale Plant-Based Clean Fuel Technology

SolarSquare Raises $53 Million to Scale Residential Solar Platform in India

New Forests Launches A$1 Billion Global Natural Capital Fund

Exec Moves

P&G’s First Chief Sustainability Officer Virginie Helias Retires