Climate finance and technology innovation drove this week’s ESG headlines.
China overhauled its green taxonomy to boost transition funding, Germany approved a bill to fast-track carbon storage, and the EU advanced plans to double circularity by 2030. UBS exited the Net-Zero Banking Alliance, while Fortescue and Enbridge announced multi-billion-dollar investments in decarbonization. On the technology front, Prometheus cut direct air capture costs by 80%, Meta and partners launched an AI-powered carbon removal dataset, and Carbon Compared debuted a free tool for assessing high-integrity credits.
GOVERNMENT, POLICY & REGULATION
- Germany Approves Ambitious Bill to Fast-Track Carbon Storage Infrastructure
- EU Targets Doubling Circularity Rate with New Circular Economy Act by 2030
- FCA Sets Out Findings from Climate Reporting Review of Financial Firms
- Italy Approves Vatican’s 430-Hectare Solar Farm Project to reach Carbon-Neutral Status
- China Overhauls Green Taxonomy to Increase Energy Transition Finance
CARBON
- Carbon Compared Launches Free Interactive Tool to Compare High‑Integrity Carbon Credits
- Standard Chartered and State of Acre Partner to Deliver High-Integrity Carbon Credits
- Frontier and Wild Assets Sign Agreement for 120,000 Tonnes of Verified Carbon Removal Credits
- M&S Partners with Black Bull Biochar to Launch Carbon Removal Pilot in Poultry Supply Chain
- Meta, Georgia Tech, and Cusp AI Launch AI-Powered Dataset Targeting Breakthroughs in Carbon Removal
- Lloyds Bank Launches Carbon and Nature Markets Practice to Support Corporate Decarbonization
CLIMATE & ENERGY TRANSITION
- New CDP Report Shows Companies Can Earn 7x Return from Climate Action
- Prometheus Lowers Direct Air Capture Costs by 80%, Enabling Low-Cost E-Fuels
- Amazon and Brimstone Advance Partnership on Lower-Carbon Cement with Successful Initial Testing
- Burger King Signs Long Term Agreement with Iberdrola for 1,900 GWh of Renewable Electricity
- Schneider Electric and E.ON Sign Long-Term Agreement for Switchgear Deployment
- Emerge, EDM Partner to Advance Solar Project Development and Financing in UAE
- IATA and Chooose Partner to Deliver Accurate Flight Emissions Data
- bp, JERA Establish JERA Nex bp to Drive 13GW Global Offshore Wind Portfolio
- Japan Airlines and Partners Complete Phase 1 of SAF Trading Pilot to Advance Aviation Decarbonization
SUSTAINABLE FINANCE
- UBS Exits Net-Zero Banking Alliance Amid Broader Retreat by Global Banks
- Standard Chartered and State of Acre Partner to Deliver High-Integrity Carbon Credits
- Energy Vault Secures $300M to Launch Asset Vault for 1.5GW Storage Projects
- Fortescue Secures $2 Billion Yuan Loan to Advance Decarbonization Push
- Enbridge Commits $2 Billion to Solar and Gas Projects to Power Data Centers and Industrial Growth
MERGERS & ACQUISITIONS (M&A)
- Blackstone to Acquire Enverus, Energy Data and Analytics Leader, in Energy Transition-focused Deal
- ISS Sustainability Solutions Acquires Sust Global to Boost AI‑Powered Geospatial Climate Risk Analytics
- Sixth Street Takes 38% Stake in Sorgenia Through $4.6 Billion Renewable Energy Deal
ESG INVESTING & FUNDS
- J.P. Morgan Mansart Launches Global Equity Fund Tracking New Sustainability Index
- China Overhauls Green Taxonomy to Increase Energy Transition Finance
- New CDP Report Shows Companies Can Earn 7x Return from Climate Action
- Pandion Asset Management Appoints Horatio H. Sparkes as Senior Director of Business Development and Investor Relations
ENVIRONMENT, NATURE & BIODIVERSITY
- IBM, Nestlé Use Generative AI to Develop Next-Generation Sustainable Packaging
- Meta Replaces Steel, Concrete with Mass Timber for Sustainable Data Center Construction
- Mars Invests $5M to Protect Peanut Supply, Breed More Climate Resilient Crops
ESG & SUSTAINABILITY REPORTING
- FCA Sets Out Findings from Climate Reporting Review of Financial Firms
- EFRAG Proposes Streamlined European Sustainability Reporting Standards to Cut Reporting Burden
TOOLS & SERVICES, TECHNOLOGY
- Carbon Compared Launches Free Interactive Tool to Compare High‑Integrity Carbon Credits
- Speeki to Integrate Agentic AI into ESG Platform for Proactive Sustainability Management
- Lenovo Launches TruScale DaaS for Sustainability to Cut Carbon, Drive Circular IT
Subscribe to ESG News Daily Brief to stay informed with trusted sustainability news every morning.
Follow ESG News on LinkedIn!
The post ESG News Week In Review: 03 August – 10 August appeared first on ESG News.
