This week in ESG news: European Commission launches its new sustainable finance strategy; Blackstone sharpens focus on ESG with $1.4 billion acquisition of Sphera; HSBC restructures sustainable investing team; More than $40 trillion asset managers committed to net zero investing; ERM expands energy transition capabilities with acquisition of RCG; Diginex weighs in on government action on sustainability reporting standards; Citi says sustainable finance demand is creating a ‘greenium’; AMG acquires ESG investment manager Parnassus; Global banking coalition launches new carbon marketplace, 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

Shell, Deutsche Telekom Partner to Accelerate Net Zero Transition

Steel Dynamics Targets Carbon Neutral Steel Production

Walmart, H&M, IKEA & Kingfisher Launch Climate Initiative for Retail Industry

Coalition of Asset Managers Committing to Net Zero Investing Passes $40 Trillion

Government, Regulators and Politics

European Commission Launches New Sustainable Finance Strategy

DOE Allocates Over $50 Million to Clean Hydrogen Projects

FCA, PRA and BoE Target Diversity & Inclusion in the Financial Services Sector with New Proposals

Reporting and Disclosure

Guest Post: Government-Mandated ESG Standards – a Welcome Step Forward

Sustainable Finance

Citi Says Demand for Sustainable Bonds Generating ‘Greenium’ as Asia Pac Volumes Surge

Lombard Odier, Oxford University Launch Sustainable Finance and Investment Research Partnership

ESG Services and Tools

Private Equity Giant Blackstone Acquires ESG Software Company Sphera for $1.4 Billion

ERM Expands Energy Transition Capabilities with Acquisition of Renewables Consultancy RCG

Johnson Controls Launches Net Zero as a Service for Buildings

right. based on science Releases Free Portfolio Climate Alignment Software Solution

ESG Investing

AMG Acquires Majority Stake in ESG Investor Parnassus

Allianz Global Investors Unveils Investment Exclusions Covering Coal, Weapons

Credit Suisse, JPMorgan Partnering on Sustainable Nutrition Investment Strategy

Lyxor Launches First ETF Tracking Eurozone Sovereign Green Bonds

FTSE Russell Launches Paris Agreement-Aligned Index Series

DWS Launches ESG Infrastructure Debt Fund Targeting Clean Energy, Mobility, Social Infrastructure

Apollo’s Impact Platform Acquires Sustainable Packaging Company RDM

Energy Transition, Carbon Markets

Global Banks Including NatWest, CIBC Launch New Carbon Marketplace

AXA IM Acquires Carbon Offsetting Platform ClimateSeed

EQT Acquires Renewable Energy Platform Cypress Creek Renewables

Exec Appointments

HSBC AM Appoints Erin Leonard to Lead New Sustainability Office, Stuart Kirk to Head of Responsible Investment

Reports, Studies & Surveys

BNP Paribas AM: ESG a Key Driver for Renewed Investor Interest in Thematic Investing