This week in ESG news: IFRS says global sustainability reporting standards to take effect in 2024; Florida outlaws ESG; IKEA supports suppliers’ switch to renewable energy; SEC considers adjusting proposed climate disclosure rules; Barclays to stop financing oil sands, but sustainability groups say it’s not enough; Republicans fight rule requiring government suppliers to disclose emissions; H&M supports circular economy infrastructure for fashion; S&P says sustainability-linked bonds have credibility issues to address; French regulator pushes for tougher rules for ESG investing funds; AXA IM ties exec pay to portfolio decarbonization; Arizona drops support for anti-ESG initiatives, 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

H&M Launches JV to Build Recycling Infrastructure for Fashion

IKEA to Support Suppliers’ Switch to 100% Renewable Energy

DHL Enables Customers to Address Scope 3 Emissions for Shipping with Sustainable Aviation Fuel

Orange to Reduce Emissions Across Value Chain by 45% by 2030

Aviva Donates £10 Million to Support Carbon Removal Projects

Salesforce Commits to Buy Renewable Energy in Emerging Markets to Boost Clean Energy Access

Verizon Pledges to Cover 100% of Electricity Usage with Renewable Energy by 2030

Guest post: How the Industrial Sector Can Make its Manufacturing and Supply Chain More Sustainable

INEOS Raises €3.5 Billion to Build Chemical Plant with Capability for Zero Carbon Footprint

Government & Regulators

Biden Unveils Plans for U.S. EV Charging Network, Commitments from Tesla, GM, Hertz & bp

Republicans Push Back Against Biden Rule Requiring Federal Suppliers to Disclose, Reduce Emissions

Arizona Drops Support for Anti-ESG Measures

EU Commission Proposes 90% Emissions Reduction for Heavy Duty Trucks by 2040

EU Lawmakers Back Deal Requiring All New Cars to be Zero Emission by 2035

DeSantis Outlaws ESG in Florida Investments, Procurement

EU Sets Rules Defining what Counts as “Renewable Hydrogen”

Regulator Pushes for Tougher EU Sustainable Investment Rules

Regulator Unveils New Rules For Advertising “Carbon Neutral” and “Net Zero” Claims

ESG Reporting & Disclosure

IFRS Sustainability and Climate Reporting Standards to Take Effect in 2024

SEC Chair Gensler Says Commission Considering Adjustments to Climate Disclosure Rules

ESG Services and Tools

Fitch Proposes Using Climate Vulnerability Scores in Corporate Credit Ratings Process

ERM, Salesforce Partner to Offer Decarbonization Solutions and Services

ERM Acquires Climate and Renewables Advisory Firm Coho

ESG Investing

AXA IM Ties Exec Compensation to Climate Goals

Sustainable Finance

Jacobs Ties Debt Cost to ESG Goals with Inaugural $500 Million Sustainability-Linked Bond

Barclays to End Financing for Oil Sands Companies

Sustainability-Linked Bonds Need to Address Credibility Issues to Resume Growth: S&P

Exec Moves

Climate Solutions Investor Hannon Armstrong Appoints Jeff Lipson as President and CEO

Reports, Studies & Surveys

Corporate Net Zero Pledges only Add Up to 36% Emissions Reduction: Report

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