This week in ESG news: Companies are linking cost of capital with ESG goals – multibillion dollar sustainability-linked deals from Ahold Delhaize, Sanofi, Eni, NRG; global investment funds urge enhanced ESG disclosure; Deutsche Bank links exec pay to ESG & sustainable finance goals; two major asset managers pledge net zero investing by 2040; investments flowing into circular economy platforms; Amazon emerges as the world’s largest corporate buyer of renewable energy; new portfolio climate alignment assessment tools from S&P Global, 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

Deutsche Bank Ties Executive Compensation to ESG, Sustainable Finance Goals

The Climate Pledge Expands Ranks, Adding Microsoft, Unilever, Several Others in Net Zero Commitment 

LEGO Group Launches Climate Commitments, Approved by Science Based Targets Initiative

Sustainable Finance

Ahold Delhaize Signs €1 billion Sustainability-Linked Revolving Credit Facility

Eni Transforms More than €4 Billion Financial Instruments to SDG-tied Sustainability Linked Agreements

NRG Energy Issues First Sustainability Linked Bond in North America

Sanofi Signs Two Sustainability-Linked Revolving Credit Facilities in First for Major Biopharmas

Reporting and Disclosure

Global Investment Association ICI Calls on Companies to Enhance ESG Disclosure

Circular Economy

Circular Economy-Focused TerraCycle Completes $25M Capital Raise for Loop Platform

JS Capital Acquires Stake in Circular Economy-Focused Investor Closed Loop Partners

Markets

Nasdaq Ventures Makes Strategic Investment in Sustainability Analysis Company Matter

Energy Transition

New Wind and Solar Investments Catapult Amazon to World’s Largest Corporate Purchaser of Renewable Energy

Hannon Armstrong and ENGIE Partner on Distributed Generation Solar Portfolio

Steve Wozniak Launches Energy Efficiency Company Efforce

ESG Services and Tools

S&P Global Trucost Launches Dataset Measuring Portfolio Alignment with Paris Agreement Goals

Willis Towers Watson Adds to Low Carbon Transition Skillset with Addition of CPI Energy Finance Team

Funds and Investors

Global Asset Managers Form Coalition Committed to Net Zero Emissions Aligned Investing

Macquarie Asset Management to Manage Portfolio in Line with Net Zero Emissions by 2040

NY State Pension Fund Sets Net Zero 2040 Target, Reviewing Energy Sector Investments

Amundi Launches its First Social Bond Strategy, Following Breakout Year for the Emerging Segment

Finance for Biodiversity Pledge Grows Ranks with 11 New Signatories Committing to Reverse Nature Loss

Social – Diversity & Inclusion

Fifth Third Bank Commits $2.8 Billion Towards Accelerating Racial Equality, Equity and Inclusion

 UPS Appoints Charlene Thomas to Newly Created Role of Chief Diversity, Equity and Inclusion Officer