This week in ESG news: Texas pulls $8.5 billion from BlackRock over ESG; US appeals court pauses SEC’s climate disclosure rule; EU’s human rights and environmental due diligence law passes major hurdle; Deutsche Bank ties bonuses for top execs to loan book decarbonizations goals; Oracle launches sustainability data and reporting solution; Dutch court finds KLM’s sustainability advertising misleading, unlawful; Mercedes-Benz signs deal for low carbon steel; Nestlé launches projects to reduce cocoa supply chain emissions; capital raises for carbon accounting, biofuels tech; DHL, Standard Chartered Bank announce sustainable aviation fuel partnership, 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

Nestlé Launches New Projects to Reduce Emissions in Cocoa Supply Chain

Iberdrola to Invest $45 Billion in Grid Expansion and Renewables by 2026

Glencore Sets Goal to Reduce Value Chain Emissions 25% by 2030

Microsoft Signs 15-Year “Environmental Justice PPA” from New US Solar Farm with EDP, Volt Energy

Mercedes-Benz Signs Deal for Low Carbon Steel with Nucor

Standard Chartered, DHL to Co-invest in Sustainable Aviation Fuel

Google Signs 430 MW Carbon Free Energy Deal in Arizona

TotalEnergies Acquires Carbon Capture Business from Talos Energy for $148 Million

Government & Regulators

Watered-down Supply Chain Sustainability Due Diligence Law Passes First Hurdle in EU Parliament

Court Rules KLM’s Sustainability-related Advertising was Misleading

ESG Reporting

US Court Temporarily Pauses SEC Climate Disclosure Rule

ESG Services and Tools

GRESB Launches New Suite of Sustainability Data Solutions for Real Estate Managers and Investors

Oracle Launches New Sustainability Data Tracking and Reporting Solution

Sustainable Finance

Constellation Energy Issues First Nuclear-Focused Green Bond in U.S.

Deutsche Bank Ties Senior Exec Compensation to Loan Book Decarbonization Goals

Private Equity & Venture Capital

Carbon Accounting and Management Startup Greenly Raises $52 Million

Fullerton Fund Management Raises $100 Million for Decarbonization Opportunities-Focused Private Equity Fund

KKR Acquires Majority Stake in U.S. Renewables Developer Avantus

Renovare Raising $7.5 Million to Turn Landfill Waste into Renewable Biofuels

ESG Investing

Texas Pulls $8.5 Billion From BlackRock Over ESG Investing

BlackRock Calls Texas Decision to Divest $8.5 Billion over ESG Policies “Reckless,” Urges State to Reconsider

BNP Paribas AM Launches Global Net Zero Transition Fund

Morningstar Launches New Index Series Targeting Companies Leading on Low Carbon Transition

Exec Moves

Aviva Investors Appoints Phillipa Grant as Director of Sustainable Investments for Real Assets

Lombard Odier Appoints Mona Shah as Senior Sustainability Strategist

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