ESG Today: Week in Review
This week in ESG news: Financial markets regulator in UK proposes mandatory climate reporting for asset managers; JPMorgan acquisition targets carbon offset market; Amazon becomes largest corporate buyer of renewable energy in U.S.; Sustainalytics on updated EU Taxonomy rules; LEGO bricks from recycled plastic; UK climate actions falling behind goals; U.S. oil lobby group unveils climate reporting framework; Nestlé adopts forest positive strategy; ING’s new green loan incentivizes sustainable buildings; first high yield social bond issued; major consumer brands unveil ‘endlessly’ recyclable plastic bottle, 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
LEGO Unveils Bricks Made from Recycled Plastic Bottles
Target Focuses on Sustainable Brands, Environment and Equity with New Strategy
Nestlé Enhances Supply Chain Sustainability Efforts with Forest Positive Strategy
Siemens Identifies Sustainability as Key Driver of New Growth Strategy, Launches ESG Framework
Mondelēz Enables Consumers to Track Triscuit Supply Chain from Farm to Box
PepsiCo, Nestlé, L’Oréal, and Suntory Unveil ‘Endlessly’ Recyclable Bottles for Key Brands
Government, Regulators and Politics
FCA Proposes Required TCFD-Aligned Climate Reporting for Asset Managers
UK Climate Action is Falling Behind Ambitious Commitments, Climate Body Warns
Reporting and Disclosure
Sustainalytics Weighs in on EU Taxonomy’s State of Flux
American Petroleum Institute Launches Climate Reporting Template for Oil and Gas Industry
GRI and Swiss Government Partner to Enhance Global Sustainability Reporting
Sustainable Finance
World Bank Ramps Climate Finance Commitment, Shifts Focus from Projects to Greening Economies
Generali Issues Inaugural €500 Million Sustainability Bond
Subprime Lender OneMain Taps Minority, Women-Owned Dealers for First High Yield Social Bond Deal
ESG Services and Tools
Guidehouse and Jupiter Intelligence Partner to Provide Climate Risk Assessment to Utilities
ESG Investing
JPMorgan Targets Carbon Markets with Acquisition of Forest & Timberland Investor Campbell Global
ABN AMRO Launches Private Equity and Venture Capital Impact Fund
Bloomberg and MSCI Launch Suite of Emerging Markets Fixed Income ESG Indices
MetLife Commits to $500 Million Impact Investments with Focus on Climate, Social and Racial Equity
Energy Transition
Amazon Takes the Title of Largest Corporate Renewable Energy Buyer in U.S.
Oracle Targets 100% Renewable Energy Use in Global Operations by 2025
GM Ramps EV Investments Again as Company Targets 1 Million EV Sales per Year by 2025
BASF Acquires 49.5% Stake in World’s Largest Offshore Wind Farm from Vattenfall
Exec Appointments
Blackstone Appoints Devin Glenn as Global Head of Diversity, Equity and Inclusion
Lombard Odier Appoints Erika Wranegard to Manage Net Zero Fixed Income Strategies
Global Real Estate Investor Hines Appoints Peter Epping to Lead New ESG Strategy
