ESG News Week In Review: 03 August – 10 August

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
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