ESG Today: Week in Review
This week in ESG news: GM asks suppliers for climate, human rights commitments; Citi more than doubles sustainable finance activity; Moody’s launches ESG platform for investors; ServiceNow ties exec comp to ESG performance; TPG’s climate solutions fund passes $7 billion; Shell & TotalEnergies announce large-scale renewable energy acquisitions; Icahn asks investors to support animal welfare proxy campaign against McDonald’s; Allianz requires net zero commitments from suppliers & energy clients; KKR launches a new renewable energy investment platform; 100 EU cities commit to climate neutrality by 2030; Unilever ends marketing of food & beverages to children under 16; Iberdrola signs €1 billion green loan, 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
Allianz to Require Net Zero Commitments from Suppliers, Energy Clients
GM Asks Suppliers to Commit to Climate, Human Rights Goals
100 EU Cities Commit to Reach Climate Neutrality by 2030
WM to Invest Over $800 Million to Increase Renewable Natural Gas Production
Elanco, DSM Partner on Methane Reducing Cattle Feed with “Blockbuster” Revenue Potential
MAPFRE Commits to Net Zero Emissions in Insurance Underwriting Portfolios by 2050
Unilever to End Marketing of Food and Beverages to Children Under 16
ServiceNow Ties Compensation for Top Execs to ESG Goals
Guest Post: As Companies Commit to Climate Action, Here’s What They can Learn from Deforestation
Government & Regulators
UK Launches Taskforce to Develop Standard for Climate Transition Plan Disclosure
ESG Reporting & Disclosure
Guest Post: 4 Things to Consider When Calculating GHG Emissions Across a Portfolio
ESG Services and Tools
Moody’s Launches New ESG Platform for Portfolio Managers
Schwab Provides ESG Ratings from MSCI to Investors
Supply Chain Sustainability Platform Higg Raises $50 Million
Moody’s Analytics Incorporates Climate Risk Assessment into its Credit Lifecycle Management Platform
Fitch Extending Climate Vulnerability Scores for all Corporate Sectors
ESG Investing
WisdomTree Launches Decarbonization Themed Waste-to-Energy & Recycling-Focused ETF
HSBC Launches Sustainable ETF Targeting Higher ESG Scores, Faster Emissions Reductions
Sustainable Finance
Citi More Than Doubles Sustainable Finance Activity in 2021, on Track for $1 Trillion 2030 Goal
Santander, EIT InnoEnergy Partner to Finance and Develop Energy Transition Startups
OCBC Bank, MetaVerse Green Exchange Partner to Launch Tokenised Green Finance Solutions
Iberdrola Signs €1 Billion Green Loan to Fund Renewables Development
Private Equity
TPG Raises Over $7 Billion for Climate Solutions Fund
KKR Launches Renewable Energy Investment Platform in Asia
BlackRock Backs Ultrafast EV Charging Startup FreeWire’s $125 Million Capital Raise
Energy Transition
Shell Triples Renewable Energy Capacity in $1.6 Billion Acquisition
KKR Acquires French Renewable Energy Producer Albioma for €1.6 Billion
TotalEnergies Acquires Core Solar, Ramping US Renewables Portfolio to Over 10 GW
Exec Appointments
Ninety One Hires Daisy Streatfeild as Sustainability Director
Lombard Odier IM Appoints Ruben Lubowski Chief Carbon and Environmental Markets Strategist
Reports, Studies & Surveys
IBM Survey: Supply Chain Execs Willing to Trade Profitability for Sustainability