EU banking supervisor The European Banking Authority (EBA) announced the release of new proposed amendments to Pillar 3 disclosure requirements for banks, including simplifications and clarifications around ESG risk-related reporting, particularly for small and medium-sized banks. The EBA said that its new proposals align with the initiatives of the European Commission to simplify sustainability reporting, such as the Commission’s Omnibus…
In a speech marking his first 100 days, President Trump made his stance on clean energy crystal clear doubling down on coal. Since taking office, he’s reduced green energy funding, threatened to dismantle key parts of the Inflation Reduction Act (IRA) and proposed tariffs that could disrupt clean tech imports. However, there is a silver lining. The hoped-for irony here…
India-based climate tech startup Alt Carbon announced that it has raised $12 million in a seed financing round, with proceeds aimed at scaling its Enhanced Rock Weathering solution to remove and store carbon across the Global South. According to the company, the announcement marks the largest seed round to date for climate tech in India. Founded in 2023 by brothers…
EU Ombudsman Teresa Anjinho announced that she has opened an inquiry into the process behind the European Commission’s Omnibus proposal to simplify and reduce corporate sustainability reporting and due diligence requirements, following complaints alleging that the Commission failed to meet procedural requirements in preparing the proposals. The Commission released its Omnibus I package in late February 2025, aimed at significantly…
Germany’s federal government softened its language on calls to eliminate the EU’s new law requiring companies to address their negative impacts on human rights and the environment across their value chains – the Corporate Sustainability Due Diligence Directive (CSDDD) – with a government spokesperson clarifying that the government’s position is to “de-bureaucratize” and “streamline” the regulation. The clarification, provided in…
This week in ESG news: JPMorgan buys carbon removal for under $200/ton; Meta, Google sign large-scale renewable energy deals to power data centers; France joins call to scrap EU’s supply chain sustainability law; Lululemon hires former Nike CSO as new sustainability chief; PepsiCo pushes back climate and sustainable packaging goals; EU Parliament agrees to exempt most companies from CBAM import…
Natixis Investment Managers’ sustainability- and thematics-focused affiliates, Mirova and Thematics Asset Management announced today the launch of a strategic merger project, aimed at creating a “unique offering” combining innovation and positive impact, and becoming “a major player in thematic management worldwide. “ Mirova was launched as a subsidiary of Natixis Investment Management in 2014, with a focus on sustainable and…
Investment giant BlackRock issues a strong statement following the release of a statement by the U.S. Department of Justice and Federal Trade Commission in support of a Texas-led multistate lawsuit accusing asset managers BlackRock, Vanguard and State Street of using ESG investing to manipulate coal markets, calling the case “baseless,” and “based on an absurd theory.” The case, launched by…