This week in ESG news: UK’s FCA moves from mandatory to comply-or-explain sustainability and climate reporting; EY launches framework to quantify financial impact of sustainability risks and opportunities; New EU anti-greenwashing rules enter into force; ISO’s proposed net zero standard fails to pass initial vote; Vanguard finds younger investors selecting ESG policy at twice the rate of older investors; Crédit Agricole launches new natural capital finance and investment division; GRI to launch new sustainability reporting standard for food and beverage companies; NYC pension funds assess $5 billion in new climate solutions investments; ISO, UNDP launch new standard to embed SDGs into corporate strategy, 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

FedEx Signs $300 Million Electric Truck Deal with Harbinger

Amazon Signs 20-Year Deal with Constellation to Upgrade, Extend Life of Nuclear Plant

Salesforce Signs Series of Carbon Removal Deals with 8 Early-Stage Suppliers

Primark Signs Multi-Year Deal with Circ to Use Recycled Material from Textile Waste in Clothing Lines

To Make Real ESG Progress, We Must Reform Sustainability-Tied Executive Pay

Government & Regulators

NYC Comptroller Proposes $5 Billion in New Private Markets Climate Solutions Investments

New EU Anti-Greenwashing Rules Enter into Force

Sustainability Reporting

UK’s FCA Drops Plans for Mandatory IFRS-Based Climate Reporting

GRI to Launch New Sustainability Reporting Standard for Food and Beverage Companies

ESG Services and Tools

Diginex Launches New Supply Chain Due Diligence Platform

Schneider Electric Partners with Greenly to Decarbonize Value Chain SMEs

EY Launches Framework to Quantify Financial Impact of Sustainability Risks and Opportunities

Upright Launches Physical and Transition Climate Risk Assessment Solution for Companies, Investors

ISO’s Proposed Net Zero Standard Fails Initial Vote Amid Record Feedback

ISO, UNDP Launch New Standard to Embed SDGs into Corporate Strategy

Sustainable Finance

Stakeholders Strongly Oppose Inclusion of Oil and Gas in Canada’s Sustainable Finance Taxonomy

Stegra Seeks More Capital (Again) for Green Steel Megaplant on ‘Significantly Higher than Assumed’ Costs

Italy Draws €110 Billion Order Book for New Green Bond Offering

Crédit Agricole Launches New Natural Capital Finance and Investment Division

Sustainable Investing

Vanguard Finds Younger Investors Choose ESG Voting Policy at Twice the Rate of Older Investors

Wellington Management Wins $4.6 Billion Emerging Markets Mandate from Nest to Strengthen ESG Approach

Achmea, ILX Partner to Launch Emerging Markets-Focused Impact Investing Platform

JPMorgan Natural Capital, Paraguay Launch $200 Million Sustainable Forestry Platform

Private Equity & Venture Capital

Algebris Acquires Renewable Energy Advisory Firm Vector Renewables

NOX Raises €3 Million to Connect Home Clean Energy Devices to the Grid

Actis Launches New India Clean Energy Platform Targeting 3 GW of Solar, Wind, Storage Capacity

Reverion Raises $175 Million to Scale Production of Carbon Negative-Capable Power Plants

Exec Moves

Barclays Appoints Paul Williams as Global Head of Operational Sustainability