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…

Sustainable aviation fuel (SAF) technology and production company LanzaJet announced that it has secured at least $20 million in new financing, with proceeds to scale production and supply SAF to global customers from its Freedom Pines Fuels facility in Soperton, Georgia. Launched in 2020 by carbon recycling technology company LanzaTech, Illinois-based LanzaJet has developed Alcohol-to-Jet (ATJ) technology enabling the production…

Carbon removal buyer coalition Frontier announced new offtake agreements with carbon sequestration technology company 44.01, on behalf of purchasers including Stripe, Google and Shopify, alongside Autodesk, H&M Group and Workday, based on 44.01’s process to turn CO2 into rock. The agreement, worth $11.7 million will see nearly 21,000 tonnes of CO2 permanently removed between 2028 and 2031. Founded in Oman…

The Taskforce on Nature-related Financial Disclosures (TNFD) revealed that more than 800 companies and financial institutions across 57 countries have now committed to corporate reporting aligned to the TNFD recommended disclosures, marking a 14% increase in TNFD adopters in less than a year. The TNFD was launched in 2021, building on the success of the Task Force on Climate-related Financial Disclosures…

Ohio-based electric utility American Electric Power (AEP) announced a $4 billion investment to develop a 702 MW fuel cell power generation facility near Cheyenne, Wyoming, under a 20-year power purchase agreement (PPA) with Google, aimed at supporting the technology company’s growing energy needs in the region. Under the agreement, Google will purchase electricity from fuel cell power generation company Cheyenne…

Investors are increasingly turning to internal resources to gauge companies’ ESG performance, with in-house research and engagement with companies overtaking ESG ratings as a top source of information on corporate ESG performance, as perceived quality and trust in ESG ratings providers has declined over the past few years, according to a new survey released by sustainability consulting firm ERM. While…

UK financial services group Legal & General (L&G) and sustainable infrastructure investor NTR announced today that they have raised €330 million (USD$370 million) at the first close of the L&G NTR Clean Power Transition IV Fund, the firm’s second joint strategy focused on investing in clean energy projects and infrastructure supporting electrification across Europe. According to the firms, the new…

French clean hydrogen-focused investment firm Hy24 announced that it has signed an agreement to acquire EDF Group’s subsidiary Hynamics, a producer of low-carbon hydrogen for the heavy mobility and industrial sectors. Launched in 2021, Hy24 is a joint venture between private investment house Ardian, and hydrogen enabling investment platform, FiveT Hydrogen.  The acquisition, from EDF’s venture capital arm EDF Pulse…

The California Office of Administrative Law (OAL) has approved the California Corporate Greenhouse Gas Reporting and Climate-Related Financial Risk Disclosure Initial Regulation, marking the final step in the adoption of the new climate reporting regulation for thousands of large U.S. companies, and officially establishing November 10, 2026 as the deadline for the first greenhouse gas emissions reports. Alongside the OAL…

French energy company Engie announced that it has signed a new framework agreement with multinational shipping and logistics company CMA CGM to develop a biomethane production facility in France to supply renewable fuel to support the decarbonization of CMA CGM’s fleet. Starting in 2029/2030, the facility is expected to convert livestock waste, household biowaste and agricultural residues into biomethane, which…