This week in ESG news: Moody’s launches ESG scoring tool for SMEs; China initiates world’s largest carbon market; EU introduces roadmap for 2030 climate goals; Schroders builds out APAC ESG investing team; Insurance giants launch net zero alliance; UK set plan to decarbonize road, rail and air transport; Microsoft unveils emissions tracking and reporting service; Science Based Targets initiative raises bar for corporate climate goals; US leads on sustainable debt, but corporate issuance lagging; Arabesque launches net zero portfolio alignment solution, 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

SBTi Raises the Bar for Companies Setting Science-Based Climate Targets

Microsoft Launches Cloud Service Enabling Emissions Tracking and Reporting, Sets Zero Carbon Energy Goal

Barings Targets Business Travel, Commuting for New 2030 Net Zero Target

Unilever Explores Biology-Based Solutions for Sustainable Cleaning Products

Insurance Giants Accelerate Net Zero Ambitions Under New UN-Backed Alliance

Government & Regulators

European Commission Unveils ‘Fit For 55” Roadmap to Slash EU Emissions 55% by 2030

UK Aims for Net Zero Across Road, Rail and Aviation with New Transport Decarbonisation Plan

Canada Commits to 40-45% Emissions Reduction by 2030

Reporting and Disclosure

GRI, EFRAG, Collaborate on Development of EU Sustainability Reporting Standards

PNC Commits to Measure and Disclose Financed Emissions, Joins PCAF

Sustainable Finance

Climate Bonds Initiative: Sustainable Bonds in US Dominated by MBS, Munis, While Corporate Issuers Lag

Budweiser APAC Signs $500M Sustainability-Linked Loan, with Interest Tied to Climate, Water, Other ESG Goals

ESG Services and Tools

Moody’s Launches Small and Medium Enterprise ESG Scoring Tool

Schneider Electric Targets ESG Transparency with New Sustainability-Focused Communications Service

ERM Continues on the Acquisition Track, Buys Low Carbon Energy Consultancy Element Energy

Arabesque Launches Company & Portfolio Net Zero and Regulatory Alignment Data Solutions Suite

ESG Investing

Euronext Launches Global ESG Index, Selected For German Government Pension Funds

Howden Launches Climate Risk and Resilience Team

PIC Commits to Net Zero by 2050, Including £50 Billion Investment Portfolio

Energy Transition, Carbon Markets

China Launches World’s Largest Carbon Market

EQT Acquires Sustainable Waste-to-Energy Company Covanta in $5.3 Billion Deal

JetBlue Partners to Foster Sustainable Aviation Technologies Through Carbon Credits

Exec Appointments

Schroders Builds Out APAC ESG Team with Pair of Senior Hires

Fitch Ratings Appoints Marina Petroleka to Lead ESG Research Team

Alternative Investment Manager Oaktree Names Priya Prasad Bowe Head of ESG

Reports, Studies & Surveys

Climate Bonds Initiative: Sustainable Bonds in US Dominated by MBS, Munis, While Corporate Issuers Lag