ESG Today: Week in Review
This week in ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. More news: Canada announces mandatory climate disclosure for banks & insurance companies; Bank of America sustainable finance activity surges to $250 billion; Wells Fargo hires its first Chief Sustainability Officer; UN-backed group launched to assess corporate net zero targets; Amex enables clients to measure climate impact of spend; Moody’s expands ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. More credit impact scores to more sectors; Citi launches sustainable trade and working capital loans; Carbon removal startup raises $650 million; UBS looks to tackle climate impact of technology; EU launches climate stress tests for pension funds; Accenture acquires sustainability-focused consultancy in UK, and more.
See below for the highlights of the past week, and get all your ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. More news at ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. More Today:
Sustainability Goals, Initiatives and Achievements
UBS Joins Group to Help Tackle Climate Impact of its Technology Footprint
Amex Launches Solutions Enabling Corporate Clients to Track and Offset Carbon Impact of Spend
Ecolab Sources Renewable Energy for 100% of European, North American Operations
DXC to Cut Emissions by More Than Half by 2025
Cognizant Says it Will Use 100% Renewable Energy by 2026
Comcast to Eliminate 360,000 Tons of Annual Emissions Through Renewable Energy Deal
UN-Backed Expert Group Launched to Help Assess Corporate and Investor Net Zero Targets
Government & Regulators
UK Launches Energy Strategy with Major Clean Energy Acceleration, Along with More Oil & Gas Drilling
ESG Reporting & Disclosure
Canada Introduces Mandatory Climate Disclosures for Banks, Insurance Companies Beginning 2024
Guest Post: UK Big Businesses Start Collecting ESG Data to Comply With New Climate Laws
ESG Services and Tools
Accenture Acquires UK-Based Sustainability Consultancy Avieco
Prosek, Blue Dot, Launch Investor Relations-Focused ESG Advisory Service
NAVEX Integrates ESG Suite into Risk and Compliance Platform
Software Startup Sustaira Releases Beta Version of All-in-One ESG Application Platform
Novata Launches ESG Data Platform for Private Markets
Verdantix Launches Net Zero, Climate Risk-Focused Research Practice
Measurabl Launches ESG Data Solution for Commercial Real Estate
ESG Investing
HSBC Launches New Climate-Focused ETFs Tracking Paris Aligned Benchmarks
Schroders Sets Engagement Targets for Fund Managers on Key Sustainability Issues
Amundi Transitions Core Equity ETFs to ESG Versions
BNP Paribas Launches ETF Tracking Green, Social and Sustainability Bonds
Guest Post: How Technology Can Simplify and Advance the ESG Engagement Process
Sustainable Finance
Citi Launches Sustainable Trade and Working Capital Loans
BofA More than Doubles Sustainable Finance Activity, Mobilizing $250 Billion in 2021
Leading Global Banks Launch Climate Finance Initiative to Decarbonize Aviation Industry
London School of Economics Raises £175M for Green & Social Projects, Including a Net Zero Building
Private Markets & Venture Capital
ClimeCo Raises $50 Million to Grow its Decarbonization Solutions Platform
Climeworks Raises $650 Million to Scale Direct Air Capture Capacity
Climate Tech Startup Sweep Raises $73 Million to Deploy Carbon Management Platform
Energy Transition
Alstom, Engie, Partner to Power Locomotives with Renewable Hydrogen
Exec Appointments
Wells Fargo Appoints Robyn Luhning as its First Chief Sustainability Officer
General Atlantic Appoints Cornelia Gomez Global Head of ESG
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