This week in ESG news: Mandatory climate disclosure to be law in UK; Fidelity to halve portfolio emissions by 2030; Goldman, Microsoft back Al Gore’s new climate fund; State Street’s Rick Lacaille on investment industry’s role in addressing climate change; Philips to work with suppliers to set net zero targets; PwC investor survey finds investors want a single sustainability reporting standard; Salesforce’s Benioff commits $200 to climate investments; SBTi launches a standard to assess net zero commitments; investors unimpressed with Australia’s net zero plan; BlackRock upgrades sustainability criteria for ESG ETFs; Sustainable bond issuance forecast to break $1 trillion threshold this year; activist investor pressures Shell to spin off clean energy business, 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

Global Airlines Launch Coalition to Develop Decarbonization Solutions for Aviation

Royal Caribbean Aims to Deliver Net Zero Cruise Ship by 2035

Philips Turns to Supply Chain for Climate Action, Wants Suppliers to Set Science-Based Emissions Targets

Salesforce CEO Benioff Announces $200 Million Climate Investments

Philip Morris Pulls Forward Climate Goals, Launches Carbon Transition Plan

Fidelity International to Halve Portfolio Emissions by 2030, Launches New Climate Investing Policy

Reporting and Disclosure

UK Makes it Official: Mandatory Climate Disclosure to Become Law

ESG Services and Tools

SBTi Launches Standard to Assess and Certify Company Net Zero Targets

Apex Group’s Will Wilson – COP26: Meeting the Corporate Sector’s Carbon Targets

Carbon Measurement Platform Persefoni Raises $101 Million

MSCI Provides Free Access to its Implied Temperature Rise Tool for Investors on its Website

Government & Regulators

Australia Unveils 2050 Net Zero Strategy, Relying on Future Technology Breakthroughs to Close the Gap

Saudi Arabia Net Zero Plan Meets Praise, Skepticism

ESG Investing

State Street’s Rick Lacaille: Taking Stock Ahead of COP26

Goldman Sachs, Microsoft Back Al Gore’s New Climate Solutions Investment Fund

Invesco Adds ESG ETFs to QQQ Innovation Suite Lineup

Goldman Sachs, Bloomberg Partner to Launch Global Clean Energy Index

BlackRock Upgrades Criteria for ESG ETFs, Creating the Largest Range of Climate-Aligned ETFs

ESG Today CEO Interview: Tumelo’s Georgia Stewart on Giving Investors a Voice on ESG

Canadian Investors Unveil Climate Alignment Expectations for Portfolio Companies

Nomura Sets Net Zero Target for $600 Billion Asset Management Portfolio

Sustainable Finance

Moody’s: Sustainable Bond Issuance to Top $1 Trillion in 2021

Energy Transition

Shell Pushes Back on Activist Investor Pressure to Split Fossil Fuel and Clean Energy Businesses

Renewables Take Top Spot as Power Source in EU, Surpassing Fossil Fuels for First Time

Carbon Capture Startup Raises $35 Million, Backed by Rio Tinto, Benioff’s TIME Ventures

Exec Appointments

HSBC AM Appoints Christine Chow as Head of Stewardship and Engagement

Global Reporting Initiative Names Eelco van der Enden as New CEO

Reports, Studies & Surveys

PwC Investor Survey: ESG Integration Goes Mainstream, Single ESG Reporting Standard Wanted

Federated Hermes Survey: 95% of Advisors Say Clients Asking About ESG Investments

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