Today: Investor reports this year show corporate environmental concerns range from typhoon threats to not having enough sustainable aviation fuel; oyster restoration group pitches sustainability and profit; EU climate regs.

Welcome back: Recent reports to investors show companies are monitoring a new host of climate risks this year, including lawsuits and weather trends, Clara Hudson reports.

Disclosures in recent weeks point to how companies are navigating the shifting climate landscape under the Trump administration, from tax credit and incentive cuts under the One Big Beautiful Bill Act, to scrutiny of renewable energy projects.

In its 10K report, GE Vernova pointed to the administration’s pause on offshore wind projects. The company cited the December halt on the energy projects, and said that, “despite these challenges, we are focused on driving quality improvements, installation efficiencies, cost productivity and working with regulators to drive better outcomes for both our customers and businesses.”

Companies including Tesla pointed to cuts to climate incentives that could put aspects of its business at risk. Tesla said that provisions of the One Big Beautiful Bill Act, including the removal of tax credits for electric vehicles, “may also impact consumer demand for electric vehicles in general.”

Delta Air Lines said investment in sustainable aviation fuel, or SAF,  is key to reaching its emissions goals. But the path isn’t easy. Citigroup flagged heat waves and tropical cyclones in its section on climate risk.

Click here to read more about what we’re seeing so far.

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An oyster conservation group on the windswept Dutch coastline of the North Sea offers more than just the promise of helping the environment: It wants to deliver to its backers a benefit to their bottom line that in turn can help ensure its own sustainability.

Nia Simeonova writes that Oyster Heaven, which grows oysters in a hatchery in Zeeland before putting them out to sea on artificial reefs manufactured by the company, says its approach can lower risk and offer scale in ways that philanthropic conservation projects often can’t.

With clients including Nestlé’s pet-food brand Purina and Norwegian energy major Equinor, Oyster Heaven says that the versatile benefits of man-made oyster reefs can draw in different types of investors: utilities companies seeking to improve water cleanliness, local councils trying to prevent coastal erosion, or supermarkets wishing to boost fish supply-chain resilience.

The versatility gives Oyster Heaven the opportunity to stack investments and form multitiered financial structures in which companies pay for different benefits offered by the same reef, bringing overall risk down.

The European Council has given approval to a package of measures aimed at scaling back its flagship corporate sustainability regulations to keep European companies competitive, Yusuf Khan reports.

The “omnibus” sustainability package—comprising the Corporate Sustainability Reporting Directive and Corporate Sustainability Due Diligence Directive—was greenlighted on Tuesday by the European Union body that sets the bloc’s overall policy agenda. This comes after the European Parliament in December voted to water down key requirements.

Under the new rules, only the very largest companies will be subject to the bloc’s sustainability laws. The initially planned wider scope for the laws drew fire from EU member states and industry groups for being too onerous and for potentially reducing the competitiveness of European companies.

CSRD will now only apply to companies with 1,000 employees or more and €450 million ($524 million) in net turnover and CSDDD to those with 5,000 employees and €1.5 billion in revenue. Companies that fail to comply with regulations will be penalized 3% of their worldwide turnover.

The U.S. may be scaling back climate initiatives but other countries–and especially the European Union–are forging ahead with new rules. The Dow Jones Risk Journal Summit in New York on March 4 will include a discussion on how companies can manage this complex picture. Speakers are Tim Mohin, partner and director at Boston Consulting Group, and Beth Sasfai from law firm Cooley.

Request a complimentary invitation here using code COMPLIMENTARY. Attendance is limited, and all requests are subject to approval.

• Onshore wind-turbine manufacturer Nordex’s shares jumped after the group reported better-than-expected earnings. (WSJ)
   
• Mars to take majority of the output of a large-scale wind farm in Sweden, in one of the largest renewable energy deals in Europe. (ESG Today) 
   
• SoftBank-backed self-driving technology provider Wayve raised $1.2 billion from Microsoft, Nvidia, automakers. (WSJ)
   
• The Circular Supply Chain Coalition is seeking to build e-waste recycling nerve centers in North America, Europe and Asia. (Trellis)
   
• Chinese auto giant BYD logged a nearly threefold increase in European sales last month, reaching 18,242 new-car registrations. (WSJ)
   
• A solar trade group sees the energy storage market growing by 21% this year as demand for batteries outweighs policy headwinds. (Bloomberg)
   
• Armed criminal groups control vast mining regions in Venezuela’s south, abetted by the military. (WSJ)
   
• A boom in “green ammonia” produced using cleanly made hydrogen has stalled as political shifts undermine the economics of the sector. (FT)
   
• The storm that hit the northeast coast was such a doozy it qualifies as a nor’easter, a bomb cyclone and a blizzard, meteorologists said. (WSJ)

WSJ Pro Sustainable Business gives you an inside look at how companies are tackling sustainability. Send your comments to editor Perry Cleveland-Peck at perry.cleveland-peck@wsj.com and reporters Clara Hudson at clara.hudson@wsj.com and Yusuf Khan at yusuf.khan@wsj.com. Follow us on LinkedIn at perrycp, clara-hudson and yusuf_khan.