ESG Today: Week in Review
This week in ESG news: BlackRock ties borrowing costs to diversity and sustainable investing targets; Bank of America ramps sustainable finance goal to $1.5 trillion; JetBlue links senior bonuses to ESG goals; Invesco commits to full ESG integration by 2023; Wells Fargo’s biggest yet renewable energy deal; BlackRock raises nearly $5 billion for renewable power fund; Amundi launches Just Transition-focused climate fund; Honeywell announces 2035 carbon neutrality goal; Anglo American takes big step towards thermal coal exit, 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
Honeywell Targets Carbon Neutrality by 2035
Anglo American Advances Thermal Coal Exit With Spin Off of South African Operations
Starbucks Targets Waste Reduction in Trial for Reuse & Return Cup System
JetBlue Ties Senior Bonuses to ESG Goals, Launches 2040 Net Zero Target
Government, Regulators and Politics
France’s Central Bank Launches Hub to Coordinate Climate Initiatives
U.S. Appeals Court Rejects NYC’s Climate Change Case Against Major Oil Companies
Reporting and Disclosure
California Launches Climate Risk Disclosure Advisory Group
Fifth Third Joins PCAF, Committing to Measure and Disclose Climate Impact of Financing Activities
Sustainable Finance
Bank of America Sets $1.5 Trillion Sustainable Finance Goal
BlackRock Links Borrowing Costs to Diversity and Sustainable Investing Targets
AXA Issues Inaugural Green Bond in €1 Billion Offering
ESG Services and Tools
Citi Adds ESG Scores to its Citi Velocity Clarity Data Platform
AccountAbility and Earth Academy Launch Sustainability Management Principles Course
Watershed Launches Tool to Assess Workforce Climate Impact as Companies Re-open Offices
Funds and Investors
Invesco to Be Fully ESG Integrated by 2023
BlackRock Raises $4.8 Billion for Renewable Power Fund
Amundi Launches Just Transition-Focused Climate Fund
CPP Investments Launches $18 Billion Sustainable Energy Group
Energy Transition
Wells Fargo Enters its Largest Yet Renewable Energy Deal
NBIM Enters Renewable Energy Infrastructure Market in €1.4 Billion Offshore Wind Deal with Ørsted
Climate Organizations Launch Platform to Speed Transition to Zero Emission Vehicles
Exec Appointments
TimesSquare Capital Management Appoints Yovanka Bylander Head of Sustainability
Reports, Studies & Surveys
EY Survey: ESG Integration Across Canadian Asset Managers Varies Widely