This week in ESG news: New sustainability leaders appointed at Starbucks, SAP; IFRS releases guide for reporting on sustainability risks and opportunities; EU, UK  advance laws to regulate ESG ratings providers; Mercedes-Benz sharpens sustainability strategy on key focus areas; Deloitte releases CSRD sustainability reporting solutions; EU bans products made using forced labor; HSBC, BlackRock buy sustainable aviation fuel; nine out of ten companies planning to boost sustainability IT spend next year; companies representing over half of global GHG emissions to be covered by ISSB climate reporting requirements; Societe Generale sets €500 billion sustainable finance goal; Vanguard gives investors ability to avoid voting for ESG resolutions, 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

HSBC Buys Biomass-Based Sustainable Aviation Fuel in Deal with Cathay Pacific, EcoCeres

Alfa Laval Accelerates Net Zero Goal by 3 Years to 2027

Mercedes-Benz Sharpens Sustainability Focus on 6 Key ESG Areas

BlackRock, Samsara Buy Sustainable Aviation Fuel to Compensate for Business Travel Emissions

ESG Reporting

IFRS Foundation Launches Guide to Help Companies Identify, Report Sustainability Risks and Opportunities

Jurisdictions Representing Over Half of Global GHG Emissions are Moving Towards Coverage by ISSB Sustainability Reporting Standards: IFRS Report

Government & Regulators

EU Adopts Rules Banning Products Made with Forced Labor

EU Lawmakers Approve Regulation to Establish Carbon Removal Certification System

EU Regulators Call on Banks, Investors to Integrate Climate Risks Following “Fit-For-55” Stress Test

Guest Post – COP29 Signals Turning Point: Lessons from History for Carbon Market Regulation

EU Council Passes Legislation to Regulate ESG Ratings Providers

UK Launches Proposed Law to Regulate ESG Ratings Providers

ESG Services and Tools

ISS ESG Launches Customizable Portfolio Climate Impact Reporting Solution for Investors

Deloitte Launches New CSRD Sustainability Reporting Compliance Solutions on Workiva Platform

Iceberg Data Lab Launches Tool Enabling Investors to Assess Portfolio Deforestation Impact

IBM Launches Renewable Energy Asset Management Solution

Sustainable Finance

Societe Generale Targets €500 Billion of Sustainable Finance by 2030

EU Commission Estimates Green Bond Investments to Reduce Emissions by 55 Million Tons per Year

Guest Post – COP29: Now is the Time to Focus on a Common Goal

Private Equity & Venture Capital

Sustainable Agriculture Data Platform TRACT Raises $11.2 Million

Sustainable Investing

BNP Paribas AM Launches Sustainable Forestry Fund

Janus Henderson Partners with UC Berkeley to Train Investment Teams on Climate, Biodiversity

Vanguard Gives Investors Option to Avoid Voting for ESG Issues

Fidelity International to Adopt FCA Sustainability Label for Three Funds

Exec Moves

Quinbrook Infrastructure Partners Appoints Hilkka Komulainen as Global Head of Sustainability and Impact

SAP Appoints Matthias Medert as Global Head of Sustainability

Starbucks Appoints Marika McCauley Sine as New Chief Sustainability Officer

Reports, Studies & Surveys

88% of Business Leaders Planning to Increase Sustainability IT Investments over Next Year: IBM Survey