Finland-based refining and renewable fuels producer Neste announced today that it is revising some of its climate targets, citing its “current financial position and streamlined investment portfolio,” which the company said would make the required investments to reach its goals, including the transformation of its oil refinery in Porvoo, Finland into a renewables and circular solutions refining hub “currently not…

The Science Based Targets initiative (SBTi) announced the launch of the pilot phase for its new draft Power Sector Net-Zero Standard, inviting companies to test the proposed standard aimed at enabling companies across the power sector to set near- and long-term goals aligned with achieving net zero by 2050. The SBTi released the draft standard in September 2025, set to replace its…

The International Air Transport Association (IATA) announced the release of new estimates for sustainable aviation fuel (SAF) production, predicting that output of SAF will reach 1.9 million tonnes (Mt) (2.4 billion liters), nearly doubling the 1 Mt produced in 2024. While substantially outpacing the prior year’s production, however, the new forecast marks a reduction in the IATA’s estimate for 2025…

New York State Department of Environmental Conservation (DEC) Commissioner Amanda Lefton announced the finalization of new regulations to implement mandatory greenhouse gas (GHG) emissions disclosure from carbon-intensive sectors, with reporting slated to begin in 2027. The new reporting requirements come as the federal government under the Trump administration has pulled back on initiatives to provide transparency into corporate and industrial…

Renewable fuels producer C2X announced that it has signed a long-term agreement with Microsoft, with the tech giant committing to purchase 3.6 million tons of carbon removal units (CRUs) from a new low-carbon fuel project in Louisiana. Founded in 2022, C2X develops and operates low carbon molecule production facilities in strategic locations to supply low carbon fuels and feedstocks to the…

This week in ESG news: EU reaches final deal to scale back sustainability reporting and due diligence laws; U.S. court strikes down Trump’s “unlawful” ban on wind energy projects; IFRS Foundation eases climate reporting requirements for financial sector; Meta signs massive U.S. clean energy deal with NextEra; growth in green skills demand outpaces supply again in 2025; EU lawmakers agree…

Building materials company Holcim and carbon sequestration technology company 44.01 announced the launch of a new pilot project in the UAE, aimed at capturing, permanently storing, and mineralizing CO2 from cement production. Cement production is a significant contributor to global greenhouse gas emissions, and one of the more difficult sectors to decarbonize. Cement currently accounts for approximately 8% of global…

President Trump has joined the Republican attack on proxy advisory firms Glass Lewis and Institutional Shareholder Services (ISS) over their positions on ESG and DEI, issuing a new executive order directing several U.S. federal agencies to increase oversight of the firms, and to investigate them for violating antitrust, unfair competition and deceptive practices laws. In the order, Trump notes that…

Munich Re, one of Europe’s largest insurance companies, and the world’s biggest reinsurer, announced the launch of a series of new greenhouse gas (GHG) emissions reduction targets for its insurance and investment portfolios, in addition to goals to increase its investments in climate solutions and to engage with high-emitting companies in its investment portfolio. The new targets, forming part Munich…

Sustainability software provider osapiens announced today the acquisition of Berlin-based agentic AI-focused risk management solutions startup Lucent AI. According to osapiens, the transaction is aimed at expanding its expertise in the areas of financial risk management, compliance automation, and AI-based decision support. Founded in 2018, Mannheim, Germany-based osapiens provides cloud-based software solutions aimed at enabling organizations to automate complex compliance…