ESG Today: Week in Review
This week in ESG news – President Trump officially pulls the U.S. out of the Paris Agreement, President-elect Biden vows to return to the accord on first day in office; Energy company Iberdrola plans for tens of billions in renewable energy capex; Neuberger Berman picks up an entire ESG investing team from a rival fund manager; The DOL issues a final ESG investing ruling despite major pushback, 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
Estée Lauder Announces New Science-Based Emissions Targets for Operations and Value Chain
GSK New Sustainability Goals Aim for Net Zero Climate, Net Positive Nature Impacts
Equinor Aims for Net Zero Emissions by 2050, Expects Declining Oil & Gas Demand After 2030
Government, Regulators and Politics
Biden Promises to Rejoin Paris Agreement On First Day in Office
DOL Issues Final Rule on ESG Investing, Critics Call Rule “Out of Step” and “Unwelcome”
EBA Launches Consultation Paper on Integrating ESG Risks Into Regulatory Framework
IOSCO Endorses ESG Standard Setters’ Efforts to Align Global Sustainability Reporting
Sustainable Finance
Chile Launches Sustainable Bond Framework
Volvo Group Launches Green Finance Framework, Commits to Science-Based Emissions Targets
Energy Transition
Iberdrola €75 Billion Capital Plan Includes Massive Investments in Renewables
KKR to Invest Billions in Renewable Energy Deals with NextEra
ESG Services and Tools
Moody’s Takes Stake in ESG and KYC Data and Analytics Company MioTech
Landmark Launches ESG Risk Management and Due Diligence Tool RiskHorizon
RAFI Indices Launches Multi-Factor Climate Transition Index Strategy
Funds and Investors
Neuberger Berman Hires ESG-Focused Investment Team from NN IP
Dynamic Funds Launches Renewable Energy-Focused Investment Fund
Exec Appointments
Blackstone Hires Eric Duchon for New Role of Global Head of Real Estate ESG
McDonald’s Hires Reginald Miller as New Global Chief Diversity Equity and Inclusion Officer
Janus Henderson Hires Paul LaCoursiere as New Global Head of ESG Investments