This week in ESG news: BlackRock sets engagement priorities, guides on tying exec comp to ESG; Microsoft launches team focused on customer sustainability; Macy’s backs new sustainability strategy with  $5 billion commitment; SEC explores ESG investment product disclosure rules; CDP says most corporate climate targets lack credibility; AIG commits to net zero portfolio; automotive giants scramble to grab EV market share; ISS ESG offers free ESG scores for companies & funds; Honeywell says ESG-related revenues hit 60% of sales – and growing; EU sustainable finance group proposes social taxonomy; Macquarie launches dedicated offshore wind unit; Verizon raises another $1 billion for renewable energy investments; 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

Honeywell Says Over 60% of Sales are “ESG-Oriented,” Launches Sustainable Technology Solutions Unit

AIG Commits to Net Zero Investment Portfolio

Macy’s Launches Sustainability Platform Backed by $5 Billion Commitment

Molson Coors Invests $85 Million to Eliminate Plastic Ring Packaging from Coors Light

90 Major Companies, Organizations Pledge to Halve Emissions by 2030 Under DOE Initiative

Sustainability Groups Call IPCC Report a Wake-Up Call to Ramp Investor, Corporate Climate Action

BP, Equinor, Shell Announce Moves to Exit Russia – “The Right Thing to Do”

ESG Reporting & Disclosure

Guest Post: What Business Leaders Need To Know About the Growing Pains in Europe’s ESG Governance

CDP: Only a Third of Corporate Emissions Reduction Targets are Credible

ESG Services and Tools

ISS ESG Provides Free Access to Company and Fund ESG Scores on New Portal

Supply Chain Transparency Startup Sourcemap Raises $10 Million

Climate Tech Provider Aurora Solar Raises $200 Million to Speed Product Development & Expansion

Goldman Sachs, Shell Ventures Invest $75 Million in Buildings Decarbonization Tech Provider GridPoint

ERM Acquires Climate Change and Sustainability Consultancy Point Advisory

Government & Regulators

SEC Chief Gensler Looking into Developing Label, Disclosure Rules for ESG Investing Products

ESG Investing

BlackRock Outlines Engagement Priorities, Including Guidance for Linking Pay to ESG Performance

DWS Launches Climate-Focused ETFs Tracking Carbon Intensity-Weighted Indices

CalSTRS Invests $50 Million in Black Impact Fund

Sustainable Finance

EU Sustainable Finance Expert Group Proposes Taxonomy to Define Social Investments

BMO Commits $5 Billion to Women Owned Businesses

Verizon Issues its Fourth $1 Billion Green Bond Targeting Investments in Renewable Energy

Energy Transition

Renewable Biofuels Producer Global Clean Energy Holdings Raises $145 Million

Exxon Says it Wants to Lead on Energy Transition

Chevron Acquires Renewable Energy Group for Over $3 Billion

Ford Splits EV, ICE Units into Separate Businesses

Hyundai Targets 7% Global EV Market Share

Stellantis Targets 5 Million Annual EV Sales by 2025

Carbon markets

Carbon Marketplace NCX Raises $50 Million from Investors Including Energize, JPMorgan, Benioff’s TIME Ventures

Exec Appointments

Macquarie’s GIG Recruits Iberdrola’s Jonathan Cole to Lead New Dedicated Offshore Wind Business

Microsoft Hires Elisabeth Brinton to Lead New Sustainability Industry Team

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