This week in ESG news: President-elect Biden introduces key members of his climate team and announces climate summit; European regulators call for regulation of ESG ratings providers; GRI calls for mandatory sustainability reporting; Exxon announces emissions reduction targets, but falls short of setting a net zero goal; the Fed gets into the climate fight; ESG ETF net flows surge to record high; Energy companies commit to energy transition principles; Unilever to take climate plan to shareholders, 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

Bristol Myers Squibb Unveils New Renewable Energy and Emissions Reduction Goals

Exxon Unveils GHG Reduction Plan, Says Goals are Aligned with Paris Agreement

Unilever Takes Transparency on Sustainability to New Level, Asks Shareholders to Approve Climate Plan

Government, Regulators and Politics

Biden Builds Out Climate Team With Key Appointments

French, Dutch Regulators Propose European Regulation of ESG Data and Ratings Providers

Biden Announces Plan for Climate Summit with World Leaders on First 100 Days in Office

The Fed Joins Climate-Focused Global Central Bank Coalition

Sustainable Finance

Renewable Energy Investor TRIG Announces £500 Million ESG-linked Credit Facility

Reporting and Disclosure

European Regulators Express Support for Global Sustainable Reporting Standards

GRI Calls for Mandatory Sustainability Reporting

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

Circular Economy

IBM Joins Alliance to End Plastic Waste, Will Design Platform to Address Plastic Waste Through Data

M&A

bp Announces Majority Stake Investment in Carbon Offset Developer Finite Carbon

Markets

European ESG ETF Net Flows Surge to record €7.5 Billion in November: Lyxor ETF

Intercontinental Exchange Launches New Series of MSCI Climate-Focused Index Futures

Energy Transition

Major Energy Companies Commit to Energy Transition Principles

Macquarie’s Green Investment Group, SGN Explore Hydrogen Superhub on UK South Coast

ESG Services and Tools

Cimbria Capital Acquires ESG Reporting and Research Firm Madeira Global

Vivid Economics Launches Climate Risk Management Solution for Financial Institutions

finnCap to Partner with Fintech WWG on SME-focused Sustainability Monitoring and Measurement Tool

Funds and Investors

GPIF, the World’s Largest Pension Fund, Allocates $12.5 Billion to ESG Strategies

Church of England Investment Funds Divest From Climate Underperformers, Achieves Progress in Others

European Circular Bioeconomy Fund Reaches €175 million in Second Closing

Exec Appointments

NN Investment Partners Appoints Adrie Heinsbroek to New Role of Chief Sustainability Officer