This week in ESG news: UK regulator FCA tells companies to ‘comply or explain’ on climate disclosures; Goldman Sachs to reduce financed emissions for carbon intensive sectors; Singapore Exchange announces mandatory climate, diversity disclosures; PwC survey finds investors want company exec comp tied to ESG goals; Ares raises over $2 billion for climate infrastructure investments; how the SEC should regulate ESG reporting; HSBC to exit coal financing; EY study finds CFOs back mandatory ESG disclosure standards; Merck issues $1 billion sustainability bond; former Danone CEO appointed first chair of ISSB; investment managers support ESG product transparency to address greenwashing concerns; EU proposes rules to decarbonize buildings & energy mix; Mondelēz calls for living wage in supply chain, 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

Mondelēz Launches Human Rights Policy, Calls for Living Wage in Supply Chain

KLA Targets 100% Renewable Electricity to Power Global Operations by 2030

Waste-to-Recyclable Plastics Startup UBQ Materials Raises $170 Million to Fund Global Expansion

Reporting and Disclosure

Guest Post: The SEC is Going to Regulate ESG Disclosures. Here’s How It Should

Singapore Exchange Announces Mandatory Climate and Diversity Disclosures

ESG Services and Tools

Accenture Acquires Energy Transition-Focused Service Provider Zestgroup

ERM Acquires AI-Focused Carbon Intensity Reduction Solutions Provider OPEX

Government & Regulators

FCA Announces Rules Requiring Climate Disclosure for Asset Managers, Listed Companies, Starting 2022

EU Targets Major Emissions Sources with Proposals to Decarbonize Buildings and Energy Mix, and Store Carbon

ESG Investing

Ares Raises Over $2 Billion for Investments in Climate Infrastructure

Schroders Launches Fund Investing in Companies Leading on Decarbonization

Schroders Launches Fund Investing in Solutions to Global Food and Water Sustainability Challenges

Bloomberg Launches Index Tracking Green, Social and Sustainability Municipal Bonds

Hamilton Lane Raises $200 Million for Social and Environmental Impact Fund

JPMorgan Launches Active ETF Targeting Climate Solutions Investment Opportunities

Circular Economy Investor Closed Loop Partners Raises $50 Million for VC Fund

Aviva Investors Launches Funds Targeting Companies Tackling Social Inequality, Biodiversity Loss

Sustainable Finance

Goldman Sachs Sets Targets to Reduce Financed Emissions in Key Carbon Intensive Sectors

HSBC Unveils Policy to Exit Financing of Coal-Fired Power, Thermal Coal Mining

CDP and PCAF Partner to Help Financial Institutions Assess and Report Financed Emissions

Merck Issues $1 Billion Sustainability Bond to Support Social & Environmental Goals

Credit Suisse Integrates Sustainability Function into Wealth Management, Investment Banking Divisions

Energy Transition

Shell Acquires Utility-Scale Solar and Storage Developer Savion

United Airlines, Alaska Air Invest in Zero Emission Hydrogen-Focused Aviation Company ZeroAvia

Air Products Taps Thyssenkrupp for Massive Electrolysis Plant at One of World’s Largest Green Hydrogen Projects

Exec Appointments

International Sustainability Standards Board Announces Appointment of Emmanuel Faber as Chair

Delta Announces Appointment of Pamela Fletcher as Chief Sustainability Officer

AIG Appoints Constance Hunter as Global Head of Strategy & ESG

Moody’s ESG Appoints Julia Haake as Managing Director for Market Strategy

Eastspring Investments Appoints Stuart Wilson to Lead Responsible Investing, ESG Integration

Reports, Studies & Surveys

PwC Survey: Investors Want Exec Pay Tied to ESG Goals, Give Low Grades to Current Company ESG Reporting

CFA Institute Survey Finds Strong Support for ESG Investment Product Disclosure to Address Greenwashing

EY Survey: CFOs & Finance Leaders Back Mandatory ESG Disclosure Standards

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