ESG Today: Week in Review
This week in ESG news: The UK becomes the first country in the world to mandate economy-wide TCFD-aligned disclosure; Biden climate plan points to major sustainability investments on the way; S&P Global study reveals outperformance of SDG-aligned portfolios; Sustainalytics launches tool to demonstrate portfolio sustainability impact; Major offshore wind player enters US market, 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
KPMG Commits to Net Zero Carbon, 100% Renewable Energy by 2030
Newmont Commits to New Climate Targets Including Net Zero Carbon Goal
TD Targets Net Zero GHGs in Operations and Financing, Exits Arctic O&G
Government, Regulators and Politics
ESG Investors and Organizations Enthusiastic Following Biden Victory
Reporting and Disclosure
UK Becomes First Country in the World to Make TCFD-aligned Disclosure Mandatory
GRI Launches Forum to Align Corporate Reporting with SDG Action
PRI Launches Redesigned Reporting Framework for Investors
Energy Transition
Renewables Investor TRIG Buys Stake in £2.5 Billion East Anglia One Offshore Wind Farm from GIG
ENGIE and EDPR Bring Large Scale Offshore Wind Company to US Energy Market
ESG Services and Tools
Sustainalytics Launches Impact Metrics to Demonstrate Sustainable Impact of Portfolios
Mercer Launches Solution for Investors to Construct Climate Resilient Portfolios
Funds and Investors
Aberdeen Standard Investments Launches Suite of Sustainable Index Funds
State Street GA Launches First SPDR Corporate Bond ESG ETF for US Investors
Storebrand, PKA and PenSam Commit $5 Billion to New Climate and Infrastructure Fund
Scottish Widows Divesting £440 Million From ESG Underperformers
Exec Appointments
KPMG Hires Elena Richards as Chief Diversity and Inclusion Officer
M&A
ABT Capital Markets Acquires Stake in Alternative Data Provider ESG Analytics
Willis Towers Watson Acquires Climate Advisory and Analytics Provider Acclimatise
Reports, Studies, Surveys
EY Study Explores Sustainability Implications of US Election on Corporate Sustainability Strategy
S&P Global Study: SDG Aligned Portfolios Outperform
Fidelity International Study Links ESG Ratings and Investment Performance