This week in ESG news: International Sustainability Standards Board unveils proposed climate and sustainability disclosure rules; Apple allocates billions of green financing to clean energy, low-carbon materials; Nasdaq launches first indices to track price of removing carbon from atmosphere; Canada unveils 2030 climate strategy; Proposed new rules to overhaul & expand EU green investment taxonomy; BASF to roll out net zero products to help customers decarbonize supply chain; British Airways powers flights with sustainable aviation fuel; New EU rules to improve environmental impact of products; abrdn toughens diversity expectations for portfolio companies, 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

Zurich Turns to Nature-Based Solutions to Accelerate Climate Goals by 20 Years

PepsiCo Launches Initiative to Help Small Businesses in Supply Chain Access Renewable Energy

Chemical Giant BASF to Offer Net Zero Products to Lower Customers’ Product Carbon Footprint

Marsh McLennan Commits to Net Zero Operations by 2050

Government & Regulators

Canada Unveils 2030 Climate Plan, Outlines Billions in Emissions Reduction Investments

EU Proposes Rules to Address Environmental Impact of Consumer Products

ESG Reporting & Disclosure

IFRS Releases First Draft of ISSB’s New Sustainability and Climate Disclosure Standards

EU Taxonomy Overhaul Proposed with Expanded Environmental Impact Categories

ESG Services and Tools

Real Estate ESG Consultancy Evora Global Plans Asia, North America Expansion

ESG Playbook, Native Energy Partner to Offer ESG Reporting and Sustainability Solutions

Interactive Brokers Launches Carbon Offsetting Tool for Investors

ESG Investing

Climate Action 100+ Assessment of Major Emitters Reveals Big Gaps in Climate Strategies

Scottish Widows Divests £1.5 Billion Holdings in Tobacco, Fossil Fuel Companies

S&P DJI, JPX Launch ESG-Oriented Versions of Japan’s TOPIX 500 Index

Sustainable Finance

JPMorgan, Techstars to Invest $80 Million in Diverse, Underrepresented Entrepreneurs

CIBC to Slash Emissions Resulting from Oil & Gas Sector Financing

EQT Links Interest on €1.5 Billion Bonds to Portfolio Companies’ Climate Goals

Sanofi Ties Interest on €650 Million Bond to Goal to Provide Essential Medicines in Low Income Countries

Apple Allocates $3 Billion Green Bond Proceeds to New Carbon Free Materials, Clean Energy

Private Markets & Venture Capital

Carlyle Establishes CEO Network to Advance DEI Initiatives across its portfolio

abrdn Says it Will Vote Against Companies Who Do Not Meet Diversity Expectations

Shopify Partners to Help Scale Carbon Removal Tech Startups

Venture Investor Evok Raises $300 Million for Decarbonization Tech Fund

Carbon Markets

European Markets Regulator Makes Recommendations to Improve EU Carbon Market Transparency

Nasdaq Launches World’s First Indices Tracking the Price of Removing Carbon from the Atmosphere

TMX’s Trayport, IncubEx, Launch Carbon Marketplace

Energy Transition

British Airways to Begin Powering Some Flights with Sustainable Aviation Fuel

Crédit Agricole, AXA, Invest Nearly $4 Billion for 50% Stake in World’s Largest Offshore Wind Farm

Exec Appointments

Sustainable Infrastructure Investor Actis Expands into Japan with Senior Hires, $500 Million Anticipated Commitment

HSBC Picks Up Infrastructure Team from AMP Capital to Launch ESG-Integrated Fund

Reports, Studies & Surveys

BCG/INSEAD Board Survey: Nearly Half of Directors Lack Tools for ESG Oversight

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