This week in ESG news: The SEC looks to update climate disclosure rules; Italy joins the growing sovereign green bond market; IOSCO backs creation of a sustainability standards board; Union Bank enables bank deposits to be directed to ESG projects; GM appoints new sustainability head; new private company ESG assessment tools from ISS ESG; new midcap and smallcap ESG ETFs from DWS; 3 top Canadian banks join climate finance organizations, 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

RBC Commits to Net Zero Lending, Sets $500 Billion Sustainable Finance Target

TD Joins RMI’s Center for Climate-Aligned Finance

CIBC Joins PCAF, Committing to Measuring and Reporting GHG Impact of Loans and Investments

JetBlue Launches Equity, Inclusion, Diversity and Career Access Initiatives

Santander Aims for Net Zero by 2050, Including Financed Emissions

Government, Regulators and Politics

SEC Announces Review of Climate Disclosures

Italy Joins Growing Sovereign Sustainable Finance Market With New Green Bond Framework

Reporting and Disclosure

OneConnect and SGX Partner to Launch an ESG Reporting Platform

IOSCO Commits to Work with IFRS on Development of a Sustainability Standards Board

Sustainable Finance

H&M’s €500 Million Sustainability Linked Bond Nearly 8x Oversubscribed

Luxembourg Green Exchange Launches Climate-Aligned Issuers Debt Section

MUFG Launches Green Deposits, Enabling Clients to Direct Bank Deposits into ESG Projects

ESG Services and Tools

GRI and B Lab Partner to Enable Alignment of ESG Reporting, and Impact Management

ISS ESG Launches ESG Performance and Risk Scorecards for Private Companies

Funds and Investors

DWS Launches ETFs Tracking New S&P DJI MidCap and SmallCap ESG Indices

Barclays and Solactive Launch Index Targeting Low Carbon Economy-Aligned Investments

BNP Paribas Launches Fund Focused on Diversity and Inclusive Growth

Cowen Raises over $900 Million for Inaugural Sustainability Fund

Exec Appointments

GM Appoints Kristen Siemen to Lead Sustainability Strategy

ING Names Anne-Sophie Castelnau as New Global Head of Sustainability

Impact Cubed Hires Former Morningstar Head of Sustainability Libby Bernick as CEO

Reports, Studies & Surveys

AIGCC Survey: Asian Investors Becoming More Sophisticated on Climate Strategies