This week in ESG 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 ESG 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 ESG news at ESG 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

EU Regulator Launches Climate Stress Test Assessing Pension Funds’ Resilience to Low Carbon Transition

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

Moody’s Expands ESG Credit Impact Scores to Cover Sectors Including Consumer Products, Financial Institutions, Others

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

Pernod Ricard Issues €750 Million Sustainability-Linked Bond, Terms Tied to Climate, Water Performance

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

JPMorgan’s Dimon Calls for Increased Gas Production Alongside Massive Investment in Clean Energy Tech

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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