This week in ESG news: IKEA pledges to eliminate plastic from packaging; Sustainalytics launches solution to measure & manage supply chain ESG risk; ECB says all banks examined fall short on managing climate risk; ESG ratings and data providers urged to boost transparency; Enel ramps capex plan to €210 billion as pace of renewables picks up; UK mandates EV chargers installed in all new homes; first green bond for nuclear power issued; Survey finds investors shifting focus to ESG outcomes; signs of convergence in sustainability reporting; Germany to accelerate coal exit, ramp renewables capacity; Credit Suisse appoints its first head of sustainable investing; study finds net zero commitments are surging, but lack quality & clarity; 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

IKEA Commits to Eliminate Plastic from Packaging by 2028

Enel Ramps Decarbonized Electricity Capex Plans, Sets Exit Dates for Coal & Gas

Chemical Giant BASF Launches Unit Dedicated to Accelerate Low Carbon Technologies, Projects

Scotch Whisky Distillery Bruichladdich to Pilot Hydrogen-Powered Production

Reporting and Disclosure

Guest Post – Convergence in Sustainability Reporting: The Fog Is Lifting

ESG Services and Tools

Sustainalytics Launches Solution to Assess and Manage Supply Chain ESG Risk

IOSCO Calls for Improved Transparency From ESG Ratings & Data Providers, Urges Regulatory Oversight

ESG Data Provider RepRisk Makes Data Methodology Publicly Available, Aiming to Boost Transparency

Government & Regulators

ECB Says Every Bank Reviewed Falls Short on Managing Climate and Environmental Risk

Incoming German Government Accelerates Coal Exit, Plans Major Expansion in Renewables

UK Mandates EV Chargers to be Installed in New Homes & Buildings

ESG Investing

Euronext, HSBC Launch Index Series Screened to Avoid Companies with Negative Biodiversity Impact

OMERS Commits to Achieve Net Zero Emissions Across its Portfolio by 2050

BNP Paribas AM Launches Social Bond Fund, Providing Exposure to Investments in Projects with Positive Impact

S&P DJI Launches New Suite of Climate Transition and Paris-Aligned Indices

Sustainable Finance

Green Finance Institute Launches Initiative to Mobilize Funding to Decarbonize Europe’s Buildings

Bruce Power Issues the First Green Bond for Nuclear Power

Energy Transition

Eni Prepares to IPO Renewables & e-Mobility Unit, Renaming Business “Plenitude”

DHL, Apple Test Hydrogen-Fueled Trucks for Long-Haul Transport

Shell Acquires Majority Stake in 1.3 GW Floating Offshore Wind Project

Macquarie in Talks to Acquire French Solar Platform Apex Energies

Exec Appointments

Credit Suisse AM Names Jeroen Bos Global Head of Sustainable Investing

LGIM Hires UNDP’s Kurt Morriesen as New Head of Investment Stewardship

Alternatives Investor Slate Appoints Bozena Jankowska Global Head of ESG

Huntington Bank Expands ESG Focus with Senior Climate, Environmental Strategy Appointments

BNY Mellon’s Newton Investment Management Appoints Therese Niklasson Global Head of Sustainable Investment

Reports, Studies & Surveys

Study: Net Zero Commitments Growing Rapidly, But Quality, Clarity of Pledges Lacking

Aviva Survey: Institutional Investors Real Asset Appetite Grows as Net Zero Commitments Increase

Survey: Investors Shift ESG Focus to Outcomes, Lag on Linking Compensation to ESG Performance

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