ESG Today: Week in Review

This week in ESG news: New Chief Sustainability Officers at Nestlé, Cisco, Gap; UK plans new mandatory deforestation supply chain due diligence law; California pushes back start date for corporate climate reporting; New water sustainability milestones at Microsoft, Amazon; Mike Bloomberg pledges $285 million for clean energy sector; EBA simplifies and expands sustainability reporting for banks; Danone, Mars back new $150 million nature-based solutions fund; EU governments ease fossil fuel restrictions in new SFDR sustainable fund category system; LEGO launches its largest solar power project; MSCI acquires climate risk data provider First Street, 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

Paris Court Orders TotalEnergies to Address Climate Risks from Customers’ Use of its Products

Microsoft Hits Water Positive Target 5 Years Ahead of 2030 Goal

Ballard Acquires Green Hydrogen Power Solutions Provider GeoPura

Tesla, Sunrun, Renew Home to Turn U.S. Homes into Massive Distributed Power Plant

DHL to Offer Wind-Powered Ocean Shipping

Google, Energy Dome Launch Energy Storage Project to Enable 24/7 Clean Energy Access

Walmart Signs its First Long-term Nuclear Power Purchase Agreement

Amazon Achieves Water Positive Goal in India Ahead of 2027 Target

LEGO Launches Solar Project to Provide 100% of Electricity for Denmark Headquarters

Daimler, KEYOU Plan Hydrogen Combustion-Powered Truck Launch in 2027

Michael Bloomberg Pledges $285 Million to Help Clean Energy Industries Take on Fossil Fuel Influence

Amazon, BlackRock’s Skyborn Sign Largest-Ever Clean Energy Purchase Agreement in Germany

Government & Regulators

UK to Introduce Mandatory Supply Chain Deforestation Due Diligence Rules

EU Member States Propose Dropping Exclusion of Fossil Fuel Companies from New SFDR Transition Fund Category

Sustainability Reporting

California Pushes Back Deadline for First Corporate Climate Reports to November

EBA Simplifies ESG Reporting for Banks, Extends Disclosure Requirements to Smaller Institutions for First Time

ESG Services and Tools

Carbon Credit Ratings Provider BeZero Acquires Climate Analytics Platform Cedar

Climeworks Signs 450,000 Tons of Carbon Removal Agreements

MSCI Acquires Climate Risk Data Provider First Street

AI’s Role in Building More Sustainable Supply Chains

DP World Launches New Suite of Supply Chain Sustainability Solutions

Sustainable Finance

Water Has a Financing Problem. Blue Bonds Can Fix It.

Stegra Completes $1.6 Billion Capital Raise to Build Largest Green Steel Plant in Europe

Sustainable Investing

Danone, Mars Back New €150 Million Nature-Based Solutions Fund

Private Equity & Venture Capital

Isometric Raises $40 Million to Expand Industrial Certification Platform Beyond Carbon Removal

Exec Moves

Mirova Appoints Léa Dunand-Chatellet as CEO

Gap Appoints Levi Strauss CSO as New Chief Sustainability Officer

Cisco Appoints Colin Seward as New Chief Sustainability Officer

Nestlé Promotes Antonia Wanner to Chief Communications and Sustainability Officer