This week in ESG news: Financial markets regulator in UK proposes mandatory climate reporting for asset managers; JPMorgan acquisition targets carbon offset market; Amazon becomes largest corporate buyer of renewable energy in U.S.; Sustainalytics on updated EU Taxonomy rules; LEGO bricks from recycled plastic; UK climate actions falling behind goals; U.S. oil lobby group unveils climate reporting framework; Nestlé adopts forest positive strategy; ING’s new green loan incentivizes sustainable buildings; first high yield social bond issued; major consumer brands unveil ‘endlessly’ recyclable plastic bottle, and more.

See below for the highlights of the past week, and get all your ESG news at ESG Today:

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Sustainability Goals, Initiatives and Achievements

LEGO Unveils Bricks Made from Recycled Plastic Bottles

Target Focuses on Sustainable Brands, Environment and Equity with New Strategy

Nestlé Enhances Supply Chain Sustainability Efforts with Forest Positive Strategy

Siemens Identifies Sustainability as Key Driver of New Growth Strategy, Launches ESG Framework

Mondelēz Enables Consumers to Track Triscuit Supply Chain from Farm to Box

PepsiCo, Nestlé, L’Oréal, and Suntory Unveil ‘Endlessly’ Recyclable Bottles for Key Brands

Government, Regulators and Politics

FCA Proposes Required TCFD-Aligned Climate Reporting for Asset Managers

UK Climate Action is Falling Behind Ambitious Commitments, Climate Body Warns

Reporting and Disclosure

Sustainalytics Weighs in on EU Taxonomy’s State of Flux

American Petroleum Institute Launches Climate Reporting Template for Oil and Gas Industry

GRI and Swiss Government Partner to Enhance Global Sustainability Reporting

Sustainable Finance

World Bank Ramps Climate Finance Commitment, Shifts Focus from Projects to Greening Economies

Generali Issues Inaugural €500 Million Sustainability Bond

ING Develops Innovative Green Loan Incentivizing Building Owners to Improve Sustainability of Properties

Subprime Lender OneMain Taps Minority, Women-Owned Dealers for First High Yield Social Bond Deal

ESG Services and Tools

Guidehouse and Jupiter Intelligence Partner to Provide Climate Risk Assessment to Utilities

ESG Investing

JPMorgan Targets Carbon Markets with Acquisition of Forest & Timberland Investor Campbell Global

ABN AMRO Launches Private Equity and Venture Capital Impact Fund

Bloomberg and MSCI Launch Suite of Emerging Markets Fixed Income ESG Indices

MetLife Commits to $500 Million Impact Investments with Focus on Climate, Social and Racial Equity

Energy Transition

Amazon Takes the Title of Largest Corporate Renewable Energy Buyer in U.S.

Oracle Targets 100% Renewable Energy Use in Global Operations by 2025

GM Ramps EV Investments Again as Company Targets 1 Million EV Sales per Year by 2025

BASF Acquires 49.5% Stake in World’s Largest Offshore Wind Farm from Vattenfall

Exec Appointments

Blackstone Appoints Devin Glenn as Global Head of Diversity, Equity and Inclusion

Lombard Odier Appoints Erika Wranegard to Manage Net Zero Fixed Income Strategies

Global Real Estate Investor Hines Appoints Peter Epping to Lead New ESG Strategy