This week in ESG news: IFRS releases global sustainability and climate reporting standards; Australia to introduce mandatory climate disclosure beginning 2024; AstraZeneca announces $400 million reforestation and biodiversity investment; IBM survey finds surge in CEOs with pay tied to ESG goals; UK environment minister quits over government’s climate apathy; UK regulator finds greenwashing risks in sustainability-linked finance market; Axa sets goals to decarbonize investment and insurance portfolios; EU’s nature restoration law hits major roadblock; new rulebook for carbon market claims launched, 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

Brookfield Properties to Power Entire U.S. Office Portfolio with Zero Emissions Electricity

AstraZeneca Commits $400 Million to Reforestation Program

Scania Announces its First Order for Green Steel

Maersk Orders New Green Methanol-Powered Ships

Government & Regulators

UK Environment Minister Quits Over Government “Apathy” on Climate

EU Law to Restore Nature and Biodiversity Threatened by Deadlock in Parliament

UK Regulator Targets Green Claims that Don’t Include Context on Companies’ Broader Impact

ESG Reporting & Disclosure

IFRS Releases Global Sustainability and Climate Reporting Standards

Guest Post: ISSB Standards Week – A Pivotal Moment to Tackle Some of Society’s Biggest Challenges

Australia to Introduce Mandatory Climate-Related Reporting for Companies Starting 2024

ESG Services and Tools

New Rulebook for Company Carbon Market Claims Launched by VCMI

ESG Investing

ResponsAbility Raises $106 Million for Climate-Focused Food and Agriculture Strategy

Sustainable Finance

AXA Sets New Targets to Decarbonize Investment, Insurance Portfolios

FCA Flags Greenwashing Concerns in Sustainability-Linked Loan Market

Deutsche Post Ties Debt Cost to Emissions Goals for €500 Million Bond Offering

DOE Backs Ford EV Battery Buildout with Largest-Ever $9.2 Billion Loan Commitment

Private Equity & Venture Capital

Circular Economy Startup DePoly Raises $14 Million

Exec Moves

AXA IM Alts Appoints Laurent Lavergne as its Global First Head of Sustainability

Standard Chartered Appoints Dana Barsky as Global Head of Sustainability Strategy and Net Zero

Howden Appoints Rowan Douglas CEO of Climate Risk and Resilience Unit

Reports, Studies & Surveys

50% of CEOs Have Pay Tied to ESG Goals, up from 15% One Year Ago: IBM Survey