This week in ESG news: EU lawmakers vote to ban unverified green product claims; Canada releases proposed sustainability reporting rules; EY, IBM launch new sustainability data and reporting solution; Google commits to purchase $35 million carbon removal credits; EU member states approve sustainability due diligence law; Shell sets goal to reduce emissions from customers’ use of gasoline and diesel; BlackRock says falling battery prices, climate resilience demand to drive low carbon transition investment megatrend; investors say climate reporting regulations will enable better investment decision making; capital raises for carbon removal, cement decarbonization tech; U.S. invests $750 million to accelerate clean hydrogen sector, 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

Google Commits to $35 Million of Carbon Removal Credits over Next 12 Months

Shell Sets 2030 Goal to Reduce Emissions from Customers’ Use of Gasoline and Diesel

AT&T Signs Carbon Removal Agreement with 1PointFive

IBM to Invest $45 Million in Climate Adaptation-Focused Social Impact Program

Government & Regulators

EU Council Approves Scaled-Back Environmental, Human Rights Sustainability Due Diligence Law

U.S. Invests $750 Million in Projects to Accelerate Clean Hydrogen Production

EU Parliament Adopts Rules Targeting Fast Fashion by Making Producers Pay to Recycle Textiles

Biden Administration Launches Zero Emissions Infrastructure Deployment Strategy to Decarbonize Freight Sector

EU Parliament Agrees to Ban Unverified Green Product Claims

Biden Administration Invests $425 Million in Clean Energy and Decarbonization Projects in Former Coal Communities

ESG Reporting

Canada Releases Proposed IFRS-Based Sustainability Reporting Standards

ESG Services and Tools

EY, IBM Launch New End-to-End Sustainability Data and Reporting Solution

Sustainable Finance

RBC Adds “Decarbonization Finance” Category for Hard-to-Abate Sectors to Sustainable Finance Framework

Primergy Raises $588 Million to Build Texas Solar Project for Microsoft

Private Equity & Venture Capital

KKR Launches $3 Billion Takeover Offer for German Renewable Energy Platform Encavis

Cleantech Startup Furno Raises $6.5 Million to Decarbonize Cement Production

Stonepeak Acquires $300 Million Stake in Wind Energy Portfolio from Ørsted

DAC Startup CarbonCapture Raises $80 Million from Investors Including Amazon, Aramco, Siemens

BlackRock Acquires Solar and Storage Portfolio from Excelsior Energy Capital

ESG Investing

BlackRock Highlights Forces Shaping Low-Carbon Transition Investment Mega Trend

Mirova Raises Over $200 Million from Corporate Investors for Nature Restoration Fund

Robeco Announces Sustainable Engagement Partnership with $340 Billion Swiss Pension Group

Exec Moves

Low Carbon Investment Management Appoints Annabel Wiscarson as New CEO

Reports, Studies & Surveys

90% of Investors Say CSRD, SEC Climate Reporting Rule Will Drive Better Investment Decisions: Workiva Survey