This week in ESG news: IFRS moves to add sustainability standards to mandate; Germany pushes for mandatory corporate ESG reporting; HVAC giant Trane ties senior pay to sustainability performance; investors push for sustainability action at McDonald’s, Exxon, succeed at Tesco; ECB President calls for green capital markets union in EU; UBS launches sustainability and impact organization; Allianz accelerates exit from coal-based business; Global accounting organization recommends sustainability reporting framework, 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

HVAC Giant Trane Links Exec Compensation to Sustainability Goals

Lilly Announces ESG Goals and Transparency Commitments

Whirlpool Expands Sustainability Commitments with New 2030 Net Zero Goal

Government, Regulators and Politics

ECB President Lagarde Proposes Green Capital Markets Union, Says Sustainability Reporting is Key

EPA Moves to Phase Down GHGs Used in Refrigerators and Air Conditioners

Reporting and Disclosure

IFRS Proposes Expanding its Objectives to Include Development of Sustainability Standards

Germany Pushes for Mandatory Sustainability Reporting as Part of New Sustainable Finance Strategy

Global Accounting Organization IFAC Promotes Investor & Stakeholder Focused Sustainability Reporting

Investor Engagement & Action

Pressure Builds on Exxon as $2.5 Trillion Investor Group Targets Company on Climate, Governance

Amundi Files Proposal with McDonald’s Calling for Transparency on Antibiotic Use in Supply Chain

Tesco Commits to Boost Healthy Food Sales Following Activist Shareholder Campaign

Sustainable Finance

Tesco Launching Sustainability Linked Supply Chain Finance Program

Natura Issues $1 Billion Sustainability-Linked Bond with Interest Tied to Emissions, Sustainable Packaging

ESG Services and Tools

Arabesque Acquires The Reporting Exchange from WBCSD

Willis Towers Watson Launches Framework Enabling Insurance, Finance Providers to Assess Climate Transition Aligned Companies

Diginex Launches Platform Aimed at Improving Accessibility and Ease of ESG Reporting

Funds and Investors

BlueBay Launches Impact Investing Bond Fund

Nordea Life and Pension Requires Asset Managers to Commit to Net Zero Target by 2024

Energy Transition

Allianz Accelerates Exit from Insurance and Investment for Coal-Based Businesses

Bosch, Shell, and Volkswagen Launch Low Carbon Gasoline

Exec Appointments

UBS Launches Sustainability and Impact Organization with Key Appointments

Northern Trust AM Appoints Julie Moret Global Head of Sustainable Investing and Stewardship