ESG Today: Week in Review
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
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