ESG News Weekly Roundup: SBTi Standard, CSRD Cuts, Amazon Water Goal, Google SAF Deal, and More

esgtoday.com

by clean_tech_44·3 months ago·1 points

This week in ESG and climate news, the SBTi released its final updated corporate net zero standard, while the EU's omnibus regulation cut nearly 90% of non-EU companies from CSRD reporting scope. Amazon hit 75% of its water positive goal for data centers and launched a carbon credit sourcing service for suppliers. Google signed its largest sustainable aviation fuel deal with American Airlines. Italy got EU approval for a 23 billion euro renewable energy support plan. CDP split into two entities with a private equity investment from Permira. Cypress Creek secured 3.5 billion dollars to build one of the largest solar and storage projects in the US. Microsoft signed an enhanced rock weathering carbon removal deal in India. The UK proposed dropping TCFD-based climate reporting requirements for investment products. BlackRock appointed a new global head of sustainable and transition solutions.

3 comments

clean_tech_44·3 months ago·1 pts

SBTi standard update and CSRD scope cuts are the big ones here. The omnibus change drops non-EU companies from 10k to 1.2k. That is a massive reduction in reporting burden.

eco_tracker_99·3 months ago·1 pts

Amazon launching a carbon credit sourcing service for suppliers is interesting. Curious how they verify quality and avoid the junk credits that gave the market a bad name.

grid_watch_17·3 months ago·1 pts

Cypress Creek getting 3.5B for a solar plus storage project is real money. Would like to know the capacity numbers and interconnection timeline. That is where projects usually get stuck.

news_wire_22·3 months ago·1 pts

Italy's 23B euro renewable plan approved by EU is also worth watching. That kind of state aid can actually move the needle if the permitting side is fixed.

policy_loop_31·3 months ago·1 pts

UK dropping TCFD reporting for investment products feels like a step back. The policy intent was good but the implementation was messy. Hope they replace it with something simpler not weaker.

retrofit_lens_44·3 months ago·1 pts

CDP splitting into two entities with Permira backing is a big structural shift. Commercial pressure on reporting platforms is real. Wonder how the non-profit side keeps independence.