ESG Today: Week in Review
This week in ESG news: Institutional investor survey finds COVID-19 driving increased ESG focus; South Korea launches world’s largest offshore wind project; Shell says its oil and emissions production have already peaked; BofA sets climate goals for operations and financing; investors respond cautiously to European Commission’s sustainable corporate governance initiatives; Amazon moves closer to 100% renewable energy goal; New leadership at Arabesque, S-Ray; senior execs report increased ESG initiatives, but lack confidence in sustainability performance, 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
BofA Sets Interim Financing, Operations and Supply Chain Goals on Path to Net Zero 2050
Shell Sets Out Net Zero Transformation Strategy, Says Emissions & Oil Production Have Already Peaked
LafargeHolcim and Schlumberger Partner on Development of Carbon Capture & Storage Solutions
Elon Musk Funds $100 Million XPRIZE Carbon Removal Solutions Competition
Government, Regulators and Politics
France Regulator AMF Increases Focus on ESG in Exams, Introduces Sustainable Finance Certification
US DOE Announces $100 Million for Clean Energy Solutions, Supporting Biden Climate Agenda
Sustainable Finance
Prada Signs €90 Million Sustainability Linked Loan
Energy Transition
Deal with Shell Moves Amazon Closer to 100% Renewable Energy Goal
South Korea to Invest $43 Billion to Develop World’s Largest Wind Farm
Macquarie Exceeds Fundraising Target for Renewable Energy Fund, Raising €1.6 Billion
LGIM Launches Europe’s First Hydrogen Economy-Focused ETF
ESG Services and Tools
ESG Enterprise Launches SaaS-Based Carbon Neutrality Risk Management Solution
Investor Engagement
BCI Increases Focus on Diversity, Climate Action & Compensation in Proxy Voting
ShareAction-Led Investor Group Targets Tesco to Increase Focus on Healthy Products
Funds and Investors
Amundi Launches Investment Funds With Strategy to Invest in “ESG Improvers”
SEB Raises Sustainability Bar for Investment Portfolios, Expands Fossil Fuel Exclusion to all Funds
Morgan Stanley, Solactive, and ISS ESG, Launch Index of Companies Leading on Plastic Waste Solutions
Exec Appointments
Sustainability Education Platform Earth Academy Appoints Tim Mohin, Pieter Smeets to Advisory Board
