ESG Today: Week in Review
This week in ESG news: New EU proposed rules to address human rights, environmental impact in value chains; Allianz Global Investors to push companies to link exec pay to ESG performance; HSBC to slash finance emissions from oil & gas, utilities sector clients; Apollo sees $100 billion energy transition investment opportunity; Chipotle unveils ESG goals tied to exec pay; CFA Institute launches diversity, equity & inclusion code for investment industry; a sustainable finance first by Citi & Stanchart; Science Based Targets initiative names first CEO; cosmetics impact scoring system launched by consortium including Unilever, Estée Lauder, 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
CFA Institute Launches DEI Code for Investment Industry
DHL Expands Supply Chain Carbon “Insetting” Service to Air Freight
Chipotle Ties 2022 Executive Pay to Emissions, Diversity, Sustainable Food Goals
Visa to Invest up to $100 Million to Reduce Economic Disparities, Support Minority-Led Banks
Fresenius Targets Climate Neutrality by 2040
Consumer Products Giants Partner to Launch Impact Scoring System for Cosmetics Products
Hasbro Pledges to Set Science-Based Emissions Reduction Targets
Globant Aims to Help Clients Avoid 10 Million Tons of CO2
ESG Reporting & Disclosure
Planetly Launches ESG Reporting and Portfolio Management Solution for Investors
Impact Cubed Launches Solution to Help Investors Meet EU Taxonomy Disclosure Requirements
ESG Services and Tools
Climate Tech Startup Project Canary Raises $111 Million to Scale Emissions Measurement Solutions
Avetta Launches Supply Chain Sustainability, ESG Risk Mitigation Solution
Government & Regulators
EU Unveils Proposals Requiring Businesses to Protect Human Rights, Environment in Value Chains
ESG Investing
Apollo Sees Opportunity to Invest Over $100 Billion in Energy Transition, Industrial Decarbonization
Guest Post: Net Zero Finance May Not Be the Answer
AllianzGI to Vote Against Companies That Fail to Link Exec Pay to ESG Goals
European Circular Bioeconomy Fund Reaches €300 Million, Surpassing Fundraising Goal
Slate Asset Management Launches Infrastructure-Focused Impact Investment Strategy
Schroders Unveils New Sustainable Equity, Bond & Digital Infrastructure Funds
Sustainable Finance
HSBC to Slash Financed Emissions from Oil & Gas Clients by 34% by 2030, 75% for Power & Utilities
Mizuho Issues $500 Million Green Bond to Help Fund Sustainable Finance Goals
Amgen Launches $750 Million Green Bond to Fund Environmental Impact Mitigation Projects
Energy Transition
Distributed Solar & Storage Platform Aspen Power Raises $120 Million, Launches with 200MW Pipeline
Competition, Supply Chain Challenges Push LG to Exit Solar Panel Business
Carbon markets
TPG-Backed Companies Merge to Form Major Carbon and Environmental Credit Provider
Exec Appointments
PwC Australia Appoints Janette O’Neill as its First Chief Sustainability Officer
AEA Investors Appoints Heidi DuBois as Global Head of ESG
