ESG Today: Week in Review
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 carbon tax; Microsoft signs largest-ever biochar carbon removal deal; La Banque Postale launches ESG offerings across is savings and investment lineup; FedEx buys sustainable aviation fuel for LAX; Trump reverses halt on major New York windfarm; Carlyle launches new renewables development platform; capital raises for ESG reporting software, clean energy for data centers, decarbonized building materials, 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
Meta Buys 650 MW of Renewable Energy to Power U.S. Data Centers
PepsiCo Pushes Back Climate, Packaging Goals Due to “External Realities”
Microsoft Signs Largest-Ever Biochar Carbon Removal Agreement
FedEx Buys 3 million Gallons of Sustainable Aviation Fuel for LAX Flights
JPMorgan Signs Large-Scale Carbon Removal Deal for Under $200 per Ton
Oxy, ADNOC Explore $500 Million DAC Carbon Removal Project in Texas
Google Signs 600 MW Solar Agreement in U.S. to Help Power Data Centers
Government & Regulators
EU Lawmakers Agree to Exempt 90% of Companies from CBAM Import Carbon Tax
EU Awards Over $1 Billion to Renewable Hydrogen Production Projects
Trump Reverses Ban on Massive New York Offshore Wind Project
France’s Macron Joins Germany’s Call to Scrap EU’s Supply Chain Sustainability Due Diligence Law
EU, UK to Work on Linking Carbon Markets
ESG Services and Tools
Assent Launches CBAM Compliance Solution for Manufacturers
Microsoft Launches Solutions Enabling Users to Manage, Reduce Carbon Impact of Cloud Computing
Sustainable Finance
Neot Raises $390 Million to Launch New Sustainable Mobility Financing Platform
La Banque Postale Launches ESG-Focused Offerings Across its Entire Savings Portfolio
Private Equity & Venture Capital
Construction Cleantech Converge Raises $22 Million to Decarbonize Concrete with AI
Carlyle Launches New Clean Energy Infrastructure Development Platform
Patria Launches New Platform to Invest $1 Billion in Clean Energy-Powered Data Centers
Tikehau Acquires Sustainable Mobility Solutions Provider EYSA
Sustainability Reporting Software Provider Novisto Raises $27 Million
Blackstone Acquires Electricity Provider TXNM Energy for $11.5 Billion
Sustainable Investing
Natixis Merges Sustainable, Thematics Investment Units
Exec Moves
Lululemon Appoints Former Nike CSO as New Sustainability Head