This week in ESG news: SEC unveils disclosure rules for ESG funds; Salesforce, Microsoft announce major investments to scale carbon removal market; Deutsche Bank introduces mandatory ESG ratings for suppliers; HSBC CEO responds to firm’s responsible investment leader downplaying climate risk; France launches first-ever inflation-linked green bond; BoE gauges banks’ readiness for climate risk; Deloitte predicts massive cost of climate inaction; IFRS supports integrated reporting framework; BlackRock to launch ‘gender lens’ investment funds; Japan plans to issue more than $150 billion green transition bonds; BNY Mellon fined for ESG fund claims, 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

Deutsche Bank Introduces Mandatory ESG Ratings for Suppliers

Microsoft, Alphabet, BCG Announce Major Carbon Removal Commitments

Salesforce to Invest $100 Million to Help Scale Carbon Removal Technologies

Pfizer to Provide Not-for-Profit Access to Medicines, Vaccines to 1.2 Billion People in Low Income Countries

Ping An Enables Consumers to Track, Reduce Carbon Impact of Spend

Government & Regulators

SEC Targets Greenwashing with New ESG Fund Disclosure Rules

BoE Climate Stress Test: Climate Risk Won’t Sink Banks, but Inaction Will Cost Them Billions

BNY Mellon Unit Charged by SEC for Misstating ESG Integration of Investment Funds

ESG Reporting & Disclosure

Guest Post: Understanding the SEC’s Proposal on Mandatory Disclosures- Part II

IFRS, IASB and ISSB to Encourage Adoption of Integrated Reporting Framework

ESG Services and Tools

Broadridge Launches SFDR-Focused ESG Reporting Solution for Asset Managers

Integrum ESG Launches SFDR Compliance Tool for Portfolio Managers

Trafigura, Palantir Developing Supply Chain Carbon Emissions Tracking Platform

ESG Investing

BlackRock to Launch Funds Supporting Economic Opportunities for Women

HSBC CEO Condemns Responsible Investment Leader’s Comments Downplaying Climate Risk

Putnam Repositions Retirement Suite as ESG-Focused Funds

PGIM Launches New Actively Managed ESG Bond Fund

Schroders to Push for Climate Action at Exxon, Shell, Chevron

Lombard Odier IM Launches Climate Transition-Focused Sustainable Private Credit Strategy

Sustainable Finance

France Issues First-Ever Inflation-Linked Green Bond

Japan Looks to Issue $157 Billion Green Transition Bonds to Support Clean Energy Transition

Austria Earns ‘Greenium’ for Inaugural €4 Billion Green Bond Offering

Citi Launches Solutions to Channel Client Deposits to Sustainable Finance and ESG Investments

Munich Re Issues its First U.S. Market Green Bond

Aviva Investor Passes £1 Billion Sustainable Transition Financing Milestone

Energy Transition

Hyundai Investing Over $5 Billion in Bid to Become a Top-3 U.S. EV Company

Exec Appointments

Aviva Investors Appoints Sam Tripuraneni as Head of Sustainable Outcomes

ICG Hires Elsa Palanza as Global Head of Sustainability and ESG

Candriam Announces Sustainable Investment Team Appointments as ESG AUM Passes €100 Billion

Pantheon Appoints Eimear Palmer as Global Head of ESG

Souleymane Ba Joins Al Gore’s Climate Solutions Fund Just Climate as Partner

Reports, Studies & Surveys

Deloitte Pegs Price Tag of Climate Inaction at $178 Trillion over 50 Years