ESG Today: Week in Review

This week in ESG news: EU moves to relieve pressure of ETS carbon pricing system on industry; Deloitte launches new framework to measure value of sustainability investments; Google signs massive U.S. clean energy deal; Korea extends mandatory sustainability reporting to more companies; Microsoft reports 25% jump in emissions as AI buildout challenges climate goals; EU Commission warns all 27 member states over failure to implement green building law; Masdar secures over $5 billion for record 24/7 clean energy project; Nuveen secures $2 billion anchor investment from CalSTRS for sustainable infrastructure fund; Green Project Technologies acquires carbon accounting platform Optera, 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

Delta Signs 5-Year Deal with Shell to Expand SAF Supply and Infrastructure at U.S. Airports

Walmart, General Mills Partner with ADM to Help U.S. Farmers Adopt Regenerative Agriculture Practices

Google Signs Massive Clean Energy Deal with Largest Solar Project in U.S.

The Rise of the Climate Consumer

Shell Sells 80% of its Renewable Energy Portfolio to BlackRock-Backed Aditya Birla Renewables

Alpiq Acquires Battery Storage Developer Harmony Energy

Microsoft’s Carbon Footprint Jumps 25% as AI Buildout Challenges Climate Goals

Government & Regulators

EU Taps the Brakes on ETS Carbon Pricing System

EU Commission Launches Legal Action Against All 27 Member States for Failing to Implement Zero Emission Building Law

EU Approves France’s €63 Billion Offshore Wind Plan

Sustainability Reporting

Korea Expands Mandatory Sustainability Reporting to More Companies

ESG Services and Tools

Green Project Technologies Acquires Carbon Accounting Platform Optera

DAC Carbon Removal Provider Airhive Acquires Competitor Carbyon

Deloitte Launches New Framework to Measure Value of Sustainability Investments

Sustainable Finance

Deutsche Bank, World Bank Launch $1 Billion Platform to Expand Access to Trade Finance in Emerging Markets

Green Climate Fund Unlocks Additional $4 Billion for Climate Investments

OMV Secures €450 Million EIB Backing to Build One of Europe’s Largest Green Hydrogen Projects

Masdar Secures Over $5 Billion for Massive 24/7 Clean Energy Project in UAE

Sustainable Investing

CalSTRS Invests $2 Billion to Anchor Nuveen Sustainable Infrastructure Fund

Private Equity & Venture Capital

Lululemon Backs Textile Recycling Tech Startup Syntetica

BP Sells Energy Technology Venture Portfolio to Verdane

Rize Raises $31 Million to Tackle Climate Impact of Rice Farming

Climate Tech Funding Surges on Data Center Demand for Power: Report

BlackRock’s GIP Acquires Commercial Solar Platform Summit Ridge

Energy System Modelling Startup Gridcog Raises $10 Million

Hephae Raises $17.8 Million for Technology Enabling Access to Deeper, Hotter Geothermal Energy