This week in ESG news – President Trump officially pulls the U.S. out of the Paris Agreement, President-elect Biden vows to return to the accord on first day in office; Energy company Iberdrola plans for tens of billions in renewable energy capex; Neuberger Berman picks up an entire ESG investing team from a rival fund manager; The DOL issues a final ESG investing ruling despite major pushback, 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

Estée Lauder Announces New Science-Based Emissions Targets for Operations and Value Chain

GSK New Sustainability Goals Aim for Net Zero Climate, Net Positive Nature Impacts

Equinor Aims for Net Zero Emissions by 2050, Expects Declining Oil & Gas Demand After 2030

Government, Regulators and Politics

Biden Promises to Rejoin Paris Agreement On First Day in Office

DOL Issues Final Rule on ESG Investing, Critics Call Rule “Out of Step” and “Unwelcome”

EBA Launches Consultation Paper on Integrating ESG Risks Into Regulatory Framework

IOSCO Endorses ESG Standard Setters’ Efforts to Align Global Sustainability Reporting

Sustainable Finance

Chile Launches Sustainable Bond Framework

Volvo Group Launches Green Finance Framework, Commits to Science-Based Emissions Targets

Energy Transition

Iberdrola €75 Billion Capital Plan Includes Massive Investments in Renewables

KKR to Invest Billions in Renewable Energy Deals with NextEra

ESG Services and Tools

Moody’s Takes Stake in ESG and KYC Data and Analytics Company MioTech

Landmark Launches ESG Risk Management and Due Diligence Tool RiskHorizon

RAFI Indices Launches Multi-Factor Climate Transition Index Strategy

Funds and Investors

Neuberger Berman Hires ESG-Focused Investment Team from NN IP

Dynamic Funds Launches Renewable Energy-Focused Investment Fund

Exec Appointments

Blackstone Hires Eric Duchon for New Role of Global Head of Real Estate ESG

McDonald’s Hires Reginald Miller as New Global Chief Diversity Equity and Inclusion Officer

Janus Henderson Hires Paul LaCoursiere as New Global Head of ESG Investments