This week in ESG news: Big oil rocked as courts, shareholders force climate action at Shell and Exxon; PwC backs development of sustainability reporting standards at GRI; HSBC forms climate-focused VC team; Credit Suisse raises $300 million for climate solutions VC fund; Green steel in focus as startup raises more than $100 million, banks join forces to finance sector, Mercedes Benz commits to green steel in vehicles; EBA says banks need to improve climate risk exposure assessments; Microsoft & Accenture look to lower emissions impact of software; Acer unveils sustainably-produced notebook computer, 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

Major Banks Launch Finance Sector Initiative to Decarbonize Steel

Microsoft, Accenture Announce Launch of Green Software Foundation

Mercedes-Benz Commits to Integrate Green Steel in Vehicles By 2025

DHL Joins Sustainable Aviation Fuel Program Enabling Clients to Lower Climate Impact of Shipping

Acer Unveils Sustainability-Focused Notebook Under New Sustainable Value Chain Platform

Energy Transition

Activist Shareholders Win Spots on Exxon Board as Demand for Climate Action Accelerates

Dutch Court Ruling Requiring Shell to Dramatically Cut Emissions Sends Shockwave Through Industry

Exxon Commits to Add Two New Directors in Last-Minute Move as Investors Push for Broader Change

Government, Regulators and Politics

EBA Assesses Banks’ Climate Risk Exposure

Reporting and Disclosure

PwC Backs GRI Fund Supporting Sustainability Reporting Standards Development

Sustainable Finance

Credit Suisse Raises Over $300 Million for Climate Solutions-Focused Venture Fund

Bell Launches Inaugural $500 Million Sustainability Bond in a First for Canadian Telecom

Green Steel Startup H2GS Raises $105 Million in Equity Financing

ESG Services and Tools

Mercer Launches ESG Evaluation Offering for Institutional Investors

S&P Launches Dataset Tracking Clean Energy Power Purchase Agreement Trends

ESG SaaS Provider Novisto Raises $8 Million, Adds JetBlue to Customer Base

Guest Post: Why Should Fund Managers Embrace ESG?

Funds and Investors

HSBC Asset Management Launches Climate Technology Investment Team

Putnam Turns to ESG Funds for Launch of its First Active ETFs

Exec Appointments

American Century Investments Announces Senior ESG Investing and Sustainability Appointments

Former Deutsche Bank CEO Jürgen Fitschen Joins Board of Arabesque S-Ray

Asset Manager Ninety One Appoints Stephanie Niven to Lead Global Sustainable Equity Offering

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