This week in ESG news: JPMorgan commits $150 million to new sustainability-focused private equity team; $10 trillion asset owner group commits to slash portfolio emissions; Nestlé pledges to tackle child labor in cocoa supply chain; Exxon makes its first net zero commitment; ECB launches climate stress test for banks; EU sustainable finance group blasts inclusion of nuclear, gas in EU Taxonomy; Carbon markets start-ups raise capital to fuel expansion plans; Aviva warns directors it will hold them accountable for climate, biodiversity, human rights performance; PwC Canada says ESG reporting lags as pressure to disclose builds; Standard Chartered hires Chief Sustainability Officer, 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

Nestlé Targets Child Labor in Cocoa Supply Chain, Paying Farmers to Enroll Children in School

PepsiCo Europe targets 100% Renewable or Recycled Plastic in Chips Packaging in Circular Economy Push

Exxon Announces its First Net Zero Commitment

ESG Reporting & Disclosure

TNFD Adds Partners Including CDP, SASB, as it Works to Launch Nature-Related Risk Disclosure Framework

SGS, Diginex Partner to Provide Assurance Services for Sustainability Reporting

ESG Services and Tools

Measurabl Partners with Nasdaq to Provide Asset-Level ESG Data Collection

Deutsche Börse Launches ESG Hub for Investors to Access Issuer Sustainability Data

Goldman Sachs-Backed LRQA Acquires Supply Chain Sustainability Solutions Provider ELEVATE

Guest Post: How To Ensure Climate Intelligence Solutions Live up to Their Hype

Government & Regulators

ECB Kicks Off Climate Risk Stress Test for Banks

EU’s Expert Advisory Panel Opposes Gas, Nuclear Inclusion in Green Taxonomy

ESG Investing

Net Zero Asset Owner Alliance Raises Ambition for Portfolio Emission Reductions

Aviva Investors to Hold Directors Accountable for Climate, Biodiversity, Human Rights Performance

M&G Acquires Impact Investor responsAbility

LGIM Launches New Suite of ESG Equity Index Funds

M&G Launches Equity Fund Targeting Diversity & Inclusion Leaders

Sustainable Finance

JPMorgan Launches Sustainability-Focused Private Equity Team with $150 Million Commitment

Energy Transition

Shell Begins Green Hydrogen Production from One of World’s Largest Electrolysers in China

Verizon Allocates Green Bond Proceeds to Fund Series of Renewable Energy Deals

GM Announces Over $7 Billion of Investment as it Ramps Electric Truck, Battery Capacity

Carbon Markets

Carbon Markets Startup ClimateTrade Raising €20 Million to Fund International Expansion

Carbon Offset Ratings Platform Sylvera Raises $32 Million

Exec Appointments

Standard Chartered Appoints Marisa Drew as Chief Sustainability Officer

PGIM Appoints Eugenia Unanyants-Jackson as First Global Head of ESG

IFRS Announces New Senior Appointments for International Sustainability Standards Board

Neuberger Berman Hires Daniel Hanson to Lead U.S. Sustainable Equity Team

KPMG Appoints Mike Shannon as its First Global Head of ESG Assurance

ERM Appoints Tom Reichert as New CEO

DBS Appoints Helge Muenkel as New Chief Sustainability Officer

Reports, Studies & Surveys

PwC Canada Finds Corporate ESG Reporting Lags as Mandatory Disclosure Looms

Guest Post: Smartvatten Reveals Real Estate Sustainability Insights in First Annual Water Report

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