This week in sustainability, four major climate regulation retreats happened in a single week. The SEC proposed scrapping US climate disclosure rules. Brazil went voluntary. New York pushed back its climate goals. And California handed oil refiners $4 billion in free carbon allowances. But here is the bigger story: oil crossed $114 a barrel, Russia suspended jet fuel exports, and Bloomberg Green is now reporting a 67% chance of a Super El Niño arriving in 2027. The last major one caused $5.7 trillion in global GDP losses. For Food and Beverage businesses with supply chains in the tropics, that risk is not abstract — it is near-term and material. In this week's top 10 we cover all of this plus: - Why Burberry pushing net zero back 10 years is actually a measurement story - The UK net zero economy supporting 1.1 million jobs - How AI data centres are already hitting energy and water limits in Europe - What $479 billion in global clean energy trade tells you about investment direction - And why PepsiCo, ADM and McCain stepping up regenerative farming matters for your supply chain Find out how 51toCarbonZero can help your business build a climate strategy that holds up under scrutiny: https://www.51tocarbonzero.com Interested in becoming a referral partner? https://www.51tocarbonzero.com/referral/ #NetZero #Sustainability #ClimateRisk #ElNino #CarbonStrategy STORY 10 — Circular economy / Vinted Math Source: edie.net, 1 and 2 June 2026 URLs: https://www.edie.net/why-vinted-math-shows-the-circular-economy-is-shaping-everyday-shopping/ https://www.edie.net/can-policy-make-circularity-cost-competitive-with-fast-fashion/ STORY 9 — Regenerative agriculture: PepsiCo, ADM, McCain Source: edie.net, 2 June 2026 URL: https://www.edie.net/pepsico-adm-and-mccain-how-industry-giants-are-ramping-up-regenerative-farming/ STORY 8 — AI climate value $600bn / data centre limits Source: OneStop ESG, 1 June 2026 URLs: https://onestopesg.com/esg-news/ai-climate-sustainability-opportunity https://onestopesg.com/esg-news/europe-ai-data-centre-water-energy-constraints STORY 7 — Bezos Earth Fund off track Source: edie.net, 1 June 2026 URL: https://www.edie.net/bezos-earth-fund-off-track-to-meet-10bn-giving-target/ STORY 6 — Food price shocks baked into UK system Source: edie.net, 1 June 2026 URL: https://www.edie.net/treasury-launches-tariff-review-as-food-price-shocks-get-baked-in-to-uk-system/ STORY 5 — Burberry delays net zero by a decade Source: edie.net, 1 June 2026 URL: https://www.edie.net/burberry-delays-net-zero-target-by-a-decade-amid-revised-emissions-data/ STORY 4 — UK net zero supports 1.1 million jobs Source: edie.net, 2 June 2026 URL: https://www.edie.net/report-net-zero-supports-over-a-million-uk-workers/ STORY 3 — Global clean energy trade $479bn; global energy investment $3.4trn Source: edie.net, 1 June 2026 URLs: https://www.edie.net/report-global-clean-energy-trade-rose-to-479bn-in-2025/ https://www.edie.net/global-energy-investment-set-to-hit-3-4trn-as-clean-power-leads-fossil-fuels/ STORY 2 — Regulatory retreats: SEC, Brazil, New York, California Sources: ESG Today, 1 June 2026 — https://www.esgtoday.com/sec-launches-formal-process-to-rescind-corporate-climate-reporting-rules/ ESG Today, 1 June 2026 — https://www.esgtoday.com/brazil-shifts-from-mandatory-to-voluntary-sustainability-reporting/ ESG Today, 1 June 2026 — https://www.esgtoday.com/new-york-governor-hochul-signs-budget-pushing-back-state-climate-goals/ OneStop ESG, 1 June 2026 — https://onestopesg.com/esg-news/california-carbon-market-free-allowances-revision Bloomberg Green, 1 June 2026 STORY 1 — Iran war / $114 oil / Russia jet fuel / Super El Nino Sources: Semafor Flagship, 1 and 2 June 2026 Semafor Energy, 2 June 2026 Bloomberg Green, 1 June 2026 MIND-BLOWING FACT 1 — Super El Nino 67% / $5.7tn GDP loss Source: Bloomberg Green, 1 June 2026 MIND-BLOWING FACT 2 — Reform UK voters prefer solar over fracking Source: edie.net, 1 June 2026 URL: https://www.edie.net/reform-voters-prefer-solar-to-fossil-fuels-according-to-poll/ MIND-BLOWING FACT 3 — 2027 forecast as hottest year / 2024 at 1.5C Source: Bloomberg Green, 1 June 2026