ESG Today: Week in Review

This week in ESG news: EU delays new sustainability reporting requirements for large companies; HSBC exits Net Zero Banking Alliance; Microsoft signs one of largest-ever carbon removal deals; UK drops plans for sustainable finance taxonomy; Google signs record clean energy deal with Brookfield; EU watchdog questions Commission’s fast-track approach to Omnibus; ECB says banks are getting better at managing climate risk; survey finds U.S. companies investing more, talking less about sustainability; GRI proposes new sustainability reporting standards for fashion sectors; Iberdrola sources more than $7.5 billion in sustainable finance; bp sells its U.S. onshore wind business, capital raises solutions to decarbonize shipping, power generation, data centers, 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

Palo Alto Networks Signs Deal for 10,000 Tons of Carbon Removal with Oxy’s 1PointFive

bp Sells US Onshore Wind Business

Stellantis Drops Plans to Launch Hydrogen-Powered Vehicles

GM, Redwood Materials to Deploy Used EV Batteries to Meet Data Centers’ Growing Energy Demand

Microsoft Signs One of Largest-Ever Carbon Removal Deals with Biomass Waste Management Startup Vaulted Deep

U.S. Companies Are Still Investing in Sustainability – But Aren’t Talking About it: Survey

Apple, MP Materials to Build Rare Earths Recycling Facility Under New $500 Million Supply Deal

PepsiCo, Cargill to Expand Regenerative Agricultural Practices in U.S. Corn Supply Chain

Google Signs Largest-Ever Corporate Hydropower Deal with Brookfield

DHL Signs Deal with Neste for Over 9 Million Liters of Sustainable Aviation Fuel for Singapore Flights

Government & Regulators

ECB Says Banks are Getting Better at Managing Climate, Nature Risks

EU Ombudsman Presses Commission Over Lack of Procedures in Launching Omnibus Proposal to Scale Back Sustainability Requirements

UK Drops Plans for Sustainable Finance Taxonomy

ESG Reporting

GRI Releases Proposed Sustainability Reporting Standard for Textile and Apparel Sectors

EU Delays Increased Sustainability Reporting Requirements for Large Companies by 2 Years

Guest Post: Omnibus Gives Everyone Time – Let’s Use it Well

ESG Services and Tools

Datamaran Launches New ESG Strategy Management Platform

Schneider Electric Launches New Supply Chain Decarbonization Platform

Benchmark Gensuite Launches New Solution to Measure, Address Climate Risks in Operations and Supply Chains

Microsoft Partners with Novata to Provide Sustainability Data and Reporting Solutions to SMEs, Suppliers

Shell, Accenture and Amex GBT Expand SAF Purchasing Platform to Multiple Fuel Suppliers

Sustainable Finance

Iberdrola Signs Deals for More than $7.5 Billion in Green, Sustainability-Linked Financing

HSBC Exits Net Zero Banking Alliance

Private Equity & Venture Capital

Clean Fuel Startup Amogy Raises $80 Million to Decarbonize Shipping, Power Generation

Unblock Raises $13.5 Million to Convert Wasted Energy into Computing Power