This week in ESG news: IFRS sets direction for sustainability standards board, starting with climate; HSBC exits coal following investor engagement campaign; DOL won’t enforce Trump-era ESG investing rules; Climate risks not yet on CEOs’ radar; Moody’s launches climate product suite; Arabesque launches ESG regulatory resource hub; EY and Enablon launch ESG management and reporting solution; Chipotle ties exec compensation to sustainability goals; Wells Fargo commits to 2050 net zero financing, 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

HSBC to Exit Coal Financing, Following Engagement with Shareholder Group

Chipotle Ties Exec Compensation to Sustainability Goals

Wells Fargo Joins Major Wall Street Banks with 2050 Net Zero Financing Pledge

BMO Launches Climate Initiatives Encompassing Net Zero Ambitions, Sustainable Finance Goals

Government, Regulators and Politics

U.S. Department of Labor Backtracks on Controversial Trump-Era ESG Rules

European Parliament Adopts InvestEU Programme, Enabling Billions in Climate and Social Investment

Reporting and Disclosure

IFRS Sets Strategic Direction for Sustainability Reporting Standards Board, with Initial Focus on Climate

R4 Advisors Launches PRI Reporting Solution for Real Asset Investors

Sustainable Finance

BMO Launches $750 Million Sustainable Bond Aimed at Supporting Women-Owned Businesses

Goldman Sachs to Invest $10 Billion to Advance Racial Equity and Economic Opportunity for Black Women

Ahold Delhaize Launches €600 Million Sustainability-Linked Bond Tied to Climate, Food Waste Goals

ESG Services and Tools

Arabesque Launches ESG Resource Hub on New Financial Markets Disclosure Rules

Moody’s Launches Climate Product Suite Encompassing Risk Management, Reporting Solutions

EY and Enablon Launch ESG Management and Reporting Solution

IHS Markit Builds Out Carbon Market Infrastructure with Launch of Meta-Registry

Cowen Launches ESG Scores in Equity Research Reports, Powered by Truvalue Labs

Data Gumbo Launches Blockchain-Powered ESG Data Solution for Measurement and Reporting

Funds and Investors

AllianzGI Moves €70 Billion of Funds to Sustainable Strategies, Launches Climate Engagement Approach

Investor Networks Launch Global Initiative to Guide Asset Managers to Net Zero Investing

Lyxor to Expand ESG ETF Offerings, Aims to Double ESG Assets in 2021

Energy Transition

Orange Advances Progress Towards Renewable Energy Goals with Large-scale PPA with Total

Eni and CDP Launch Renewable Energy Production Company in Italy

Microsoft, Ørsted and Aker Collaborate on Carbon Capture and Storage Development

Exec Appointments

Moody’s ESG Solutions Appoints Rahul Ghosh as Head of ESG Outreach & Research

Reports, Studies & Surveys

PwC CEO Survey: Climate Change Not Yet Seen as a Strategic Threat

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