This week in ESG news: The SEC’s new climate and ESG enforcement task force; Goldman Sachs and Citi join other major Wall Street banks in setting net zero financing targets; major sustainable finance commitments in the UK Budget; CDP says water risks could cost businesses $300 billion; FedEx pledges billions in investments to reach net zero by 2040; new sustainability bond issues from Mastercard and Toyota; McKinsey boosts climate capabilities with new acquisitions; new SFDR tools from Sustainalytics, 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

Goldman Sachs to Align Financing Activities with 2050 Net Zero Pathway

Citi’s New CEO Commits to Net Zero Banking on Day 1

FedEx to Invest Billions in New Commitment to be Carbon Neutral by 2040

Aviva Launches New Climate Initiatives, Becomes First Major Insurer Aiming for Net Zero by 2040

Christie’s Launches Environmental Sustainability Initiatives

Government, Regulators and Politics

SEC Launches Climate and ESG Enforcement Task Force

UK Budget Includes At Least £15 Billion Green Sovereign Bonds, Plans for “Green Curve”

European Council Approves €330B Package, With Funding For Social, Environmental Projects

Reporting and Disclosure

European Regulators Publish Guidance for Taxonomy-Aligned Disclosure Under NFRD

Sustainable Finance

Mastercard Launches $600 Million Sustainability Bond to Support Environmental, Social Initiatives

Toyota to Issue up to $4.7 Billion “Woven Planet Bonds” Supporting SDG Initiatives

Georgia Power Issues $742 Million Sustainability Bond, the First From a U.S. Utility

ESG Services and Tools

ESG Playbook Signs on to Principles for Responsible Investment

Guest Post: How Capital Markets Are Driving the Transition to a Low Carbon Economy

Sustainalytics Launches Principal Adverse Impact Data Solution for Investor SFDR Requirements

Qontigo and IIGF Partner to Develop China-Focused ESG Investment Solutions

Funds and Investors

Schroders to Set Science Based Climate Targets, Joins Business Ambition for 1.5°C

M&G to Exit Thermal Coal Investments


McKinsey Bolsters Sustainability and Climate Capabilities with Acquisitions of Vivid Economics & Planetrics

Deutsche Börse Completes ISS Acquisition, Cites ESG Investing Megatrend as Key Driver

Exec Appointments

Arabesque Deepens Sustainability Team with New Hires Herman Bril and Ulrika Hasselgren

Estée Lauder Launches New Equity and Engagement Center of Excellence

Reports, Studies & Surveys

CDP: Lack of Action on Water Risks Could Cost Companies More than $300 Billion

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