ESG Today: Week in Review
This week in ESG news: S&P 500 ESG index additions and deletions – Tesla in, Facebook out; Salesforce adds climate obligations to supplier contracts; Blackstone bulks up on ESG talent with new hires; Nestlé tackles palm oil labor rights issues; Walmart and ENGIE pass renewable energy milestone; ECB appoints lead on climate; new ESG reporting solutions launched; major pension funds join push for new directors at Exxon; Accenture & SAP partner on decarbonization solutions; DWS launches AI-driven ESG-focused fund, 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
Salesforce Adds Climate Obligations to all Supplier Contracts
Nestlé Launches Initiatives to Address Labor Rights in the Palm Oil Supply Chain
Merck Pulls Ahead Renewable Energy Goal by 15 Years, Aims for Carbon Neutrality by 2025
Allianz to Cut Emissions 25% by 2025 Across $85 Billion Global Real Estate Portfolio
Volkswagen Outlines its Climate Neutrality Roadmap
Government, Regulators and Politics
European Central Bank Appoints Irene Heemskerk to Lead Climate Center
Reporting and Disclosure
ISS ESG Launches Solution for SFDR Principal Adverse Impact Disclosure
Workiva Launches Solution to Streamline and Automate ESG Reporting Process
Markets
S&P DJI Announces Additions and Deletions to S&P 500 ESG Index: Tesla In, Facebook Out
S&P DJI Launches ESG Versions of Dividend Aristocrats Indices
Sustainable Finance
Whirlpool Issues $300 Million Sustainability Bond to Finance Social and Environmental Projects
Iberdrola Aims to Have Nearly Two-Thirds of its Debt as Green & Sustainable by 2025
S&P Global’s New Banking Facility Links Pricing to SBTi-Verified Emissions Reduction Goals
Scope Group Launches Green & ESG Bond Certification and Second Party Opinion Service
PNC Launches $88B Financing Commitments for Lower Income, Minority, Underserved Communities
ESG Services and Tools
Accenture, SAP Partner on Solutions to Accelerate Decarbonization, Drive Value from Circular Economy
Datamaran Launches Software Solution for C-suite Management of External and ESG Risks
Funds and Investors
DWS and Arabesque Launch AI-Driven Equity Fund
CalPERS, CalSTRS, New York State Pension Funds Support Board Refreshment Initiative at ExxonMobil
Nuveen Raises $575 Million in IPO of Closed-End Impact Investing and ESG Fund
Energy Transition
Walmart Sources More than 500 MW of Renewable Energy from ENGIE
Exec Appointments
Blackstone Announces Appointments for Several Newly Created Senior ESG Roles