Sustainability Weekly 6 -10 April 2026

Last week, we published a report on the integration of nature-related impacts, risks & opportunities by integrated utilities. We reiterated our Best-in-class ESG rating for Séché Environnement. In environmental news, a study reported an urban heat island effect around hyperscaler data centers dedicated to AI, accompanied by measurable warming of the Earth's surface. Shell came back on its Net Zero 2050 target in a its 1Q26 Update Note. A bill aimed at adapting the French insurance model for better climate change adaptation was adopted in its first reading at the National Assembly. The difficulties faced by airlines in the context of the Iranian conflict make SAF a lever for both decarbonization and energy sovereignty. The World Resources Institute (WRI) argues that the EUDR should be implemented without adding a "risk-free" category. On the social side, SSAB suspended construction of its new steel plant in Luleå following cases of illness. In governance, Glass Lewis recommends voting against BP's Chairman of the Board, Albert Manifold, following his blocking of a climate resolution. Proxy voting data reveals a significant divergence between asset owners and asset managers on ESG resolutions.