This week in ESG news: Incentive comp for top RBC execs tied to climate strategy; Deloitte launches software solution to drive decarbonization strategies; Morgan Stanley to strengthen deforestation policies for clients; Kansas anti-ESG bill runs into headwinds when $3.6 billion cost revealed; companies say they won’t wait for SEC climate disclosure rules to begin reporting; EY, IBM partner on ESG solutions; regulator warns more than half of companies may be greenwashing; Delta reveals decarbonization plans; Canada announces climate reporting rules for banks & insurers; Biden allocates $6 billion to industrial decarbonization projects; capital raises for heavy duty engine decarbonization, residential solar solutions, 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

Delta Outlines Decarbonization Plans, with Focus on Sustainable Aviation Fuel

Purolator to Invest $1 Billion to Electrify Network, Hit Climate Goals

Dana Commits to Net Zero by 2040

RBC Ties Incentive Comp for CEO, Top Execs to Climate Strategy

Government & Regulators

EU Regulators to Conduct Financial System-Wide Climate Stress Test

Kansas Anti-ESG Legislation Would Cost Pension Fund $3.6 Billion, According to State Budget Report

Biden Announces $6 Billion Funding to Scale Industrial Decarbonization Projects

Over Half of Companies Potentially Greenwashing Says Australia Competition Regulator

ESG Reporting & Disclosure

Canada Announces Climate Reporting Requirements for Banks, Insurers, Beginning 2024

98% of Companies May not Wait for SEC Climate Disclosure Rules to Become Law to Begin Reporting: Survey

ESG Services and Tools

Deloitte Launches Software Solution to Help Companies Build Decarbonization Strategies

EY, IBM Partner to Offer ESG Data and Sustainability Strategy Solutions

ESG Investing

TD Launches its First Actively Managed ESG Bond Fund

Franklin Templeton Adds Emerging Markets Fund to Paris-Aligned Climate ETF Lineup

Sustainable Finance

Morgan Stanley to Strengthen Deforestation Policies for Clients

Private Equity & Venture Capital

Cleantech Startup Clearflame Raises $30 Million for Heavy Duty Engine Decarbonization Solution

Clean Energy Platform Palmetto Raises $150 Million

Exec Moves

EY Appoints Michelle Davies to Newly Created Role Leading Sustainability Legal Services Team