ESG Today: Week in Review
This week in ESG news: Shell’s board of directors sued over climate strategy; UK regulator to test asset managers for greenwashing claims; Nordea ties top exec compensation to ESG goals; CDP says only 1 in 200 companies have credible climate plans; KPMG & Workiva partner on ESG reporting solutions; Aviva Investors to require climate transition plans & nature-related reporting from portfolio companies; Goldman Sachs to invest over $1 billion in biomethane; Republicans launch anti-ESG group in Congress to target SEC climate rules; capital raises for carbon markets, EV battery tech; MSCI launches tool for companies to compare ESG performance to peers, EY acquires Spanish ESG consultancy; 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
Shell Board of Directors Sued over “Flawed” Climate Strategy
Wendy’s Commits to Slash Emissions Across Operations, Franchisees and Supply Chain
HVAC Giant Carrier Commits to Net Zero Emissions Across Value Chain by 2050
Nordea Ties Incentive Compensation for Top Execs to ESG Goals
BMW Says it Could Reach 50% EV Sales Earlier than 2030 Goal
Government & Regulators
SEC to Examine Investment Advisors, Funds on ESG Investing Practices
UK Regulator to Test Asset Managers’ ESG Claims for Greenwashing
UK PM Rishi Sunak Launches Department for Energy Security and Net Zero
Republicans Launch Group to ‘Combat Threat’ of ESG, ‘Rein in’ SEC
ESG Reporting & Disclosure
Guest Post: How Real Estate Firms Can Streamline ESG Reporting and Improve Their Bottom Lines
ESG Services and Tools
EY Acquires Spanish ESG Consulting Firm Attalea
KPMG, Workiva Partner to Deliver ESG Reporting Solutions and Services
MSCI Launches Solution for Companies to Assess, Compare ESG and Climate Performance
ESG Investing
Aviva Investors Asks Portfolio Companies for Climate Transition Plans, Nature-Related Reporting
Goldman Sachs Targets Europe Biomethane Opportunity with New Investment Platform
Sustainable Finance
Investor Urge European Banks to Follow HSBC on Ending New Oil & Gas Financing
Comcast Issues its First $1 Billion Green Bond
Private Equity & Venture Capital
Bank-Backed Carbon Market Carbonplace Raises $45 Million
EV Battery Tech Startup Liminal Raises $17.5 Million
Planet A Raises €160 Million for Science-Based Green Tech VC Fund
Planet First Partners Raises €450 Million for Sustainable Economy Transition Fund
Exec Moves
BlackRock Sustainable Investing Executive Paul Bodnar to Join $10 Billion Bezos Earth Fund
Acre Hires Gloria Mirrione as Head of Sustainable Finance & Impact investing, Americas
Reports, Studies & Surveys
Less than 1% of Companies Have Presented Credible Climate Transition Plans: CDP
