ESG Today: Week in Review

This week in ESG news: BNP Paribas AM launches new global sustainability strategy following AXA IM acquisition; California finalizes corporate climate reporting regulations; JPMorgan recalibrates sustainable finance strategy to balance emissions reduction and energy security; TNFD, SBTN release new nature target setting and reporting frameworks; Amundi, BNP Paribas AM win €1.6 billion sustainable investment mandates; BII to mobilize $1.6 billion for climate finance in Southeast Asia; ESMA guides fund managers to avoid greenwashing in climate, impact claims; EY partners with Watershed on sustainability reporting solutions; IKEA’s new Chief Sustainability Officer, 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, Stripe, Shopify Sign Carbon Removal Deal with CO2-Into-Rock Startup 44.01

AEP to Build $4 Billion Fuel Cell Project to Supply Low-Carbon Power to Google

Hy24 Acquires Clean Hydrogen Platform Hynamics from EDF

Engie, CMA CGM to Build New Clean Fuel Plant to Drive Fleet Decarbonization

SBTN Releases New Framework for Corporate Science-Based Nature Target Setting

Steve Wozniak’s Energy Saving Technology Platform Efforce Acquired by TROOPS

TotalEnergies, KKR Add $1.2 Billion Solar Portfolio to U.S. Renewables Joint Venture

Government & Regulators

ESMA Guides Investment Firms on Avoiding Greenwashing in Impact, Climate Transition Claims

Sustainability Reporting

Over 800 Companies Commit to TNFD-Aligned Nature Reporting Ahead of New ISSB, ISO Standards

California Locks in November Deadline for First Corporate Climate Reports

TNFD Releases Major Update to Guidance Supporting Corporate Nature-Related Reporting

ESG Services and Tools

EY, Watershed Launch Sustainability Reporting Partnership

Sustainable Finance

LanzaTech Boosts Stake in SAF Business LanzaJet in New Financing Round

JPMorgan Recalibrates Sustainable Finance Strategy to Balance Emissions Reduction with Energy Security

Finance Earth, FSD Africa Launch $100 Million Fund to Back Nature-Based Carbon Projects

BII to Mobilize $1.6 Billion for Climate Finance in Southeast Asia

Candide Raises Over $70 Million to Close the Climate Finance Gap in Underinvested Communities

Sustainable Investing

In-House Research, Engagement Overtake ESG Ratings as Investors’ Top Sustainability Tools: Survey

Amundi, BNP Paribas AM Win €1.6 Billion Sustainable Investment Mandates from Ircantec

Stoxx, Osmosis Launch New Suite of Sustainable Transition Factor Indices

BNP Paribas AM Launches New Global Sustainability Strategy Following AXA IM Acquisition

Impact Investor BlueOrchard, IFC Partner to Invest $2 Billion in Emerging Markets

Private Equity & Venture Capital

L&G, NTR Raise $370 Million for New Clean Power Transition Fund

Home Energy Cleantech Startup 1KOMMA5° Raises €70 Million at Unicorn $1.35 Billion Valuation

Epyr Raises $17 Million to Scale Industrial Heat Electrification Platform

Blaze Raises $6.5 Million to Enable Ships to Run on Clean Fuel

Exec Moves

IKEA Appoints Erika Intiso as Chief Sustainability Officer