ESG Today: Week in Review
This week in ESG news: BlackRock sets engagement priorities, guides on tying exec comp to ESG; Microsoft launches team focused on customer sustainability; Macy’s backs new sustainability strategy with $5 billion commitment; SEC explores ESG investment product disclosure rules; CDP says most corporate climate targets lack credibility; AIG commits to net zero portfolio; automotive giants scramble to grab EV market share; ISS ESG offers free ESG scores for companies & funds; Honeywell says ESG-related revenues hit 60% of sales – and growing; EU sustainable finance group proposes social taxonomy; Macquarie launches dedicated offshore wind unit; Verizon raises another $1 billion for renewable energy investments; 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
Honeywell Says Over 60% of Sales are “ESG-Oriented,” Launches Sustainable Technology Solutions Unit
AIG Commits to Net Zero Investment Portfolio
Macy’s Launches Sustainability Platform Backed by $5 Billion Commitment
Molson Coors Invests $85 Million to Eliminate Plastic Ring Packaging from Coors Light
90 Major Companies, Organizations Pledge to Halve Emissions by 2030 Under DOE Initiative
Sustainability Groups Call IPCC Report a Wake-Up Call to Ramp Investor, Corporate Climate Action
BP, Equinor, Shell Announce Moves to Exit Russia – “The Right Thing to Do”
ESG Reporting & Disclosure
Guest Post: What Business Leaders Need To Know About the Growing Pains in Europe’s ESG Governance
CDP: Only a Third of Corporate Emissions Reduction Targets are Credible
ESG Services and Tools
ISS ESG Provides Free Access to Company and Fund ESG Scores on New Portal
Supply Chain Transparency Startup Sourcemap Raises $10 Million
Climate Tech Provider Aurora Solar Raises $200 Million to Speed Product Development & Expansion
ERM Acquires Climate Change and Sustainability Consultancy Point Advisory
Government & Regulators
SEC Chief Gensler Looking into Developing Label, Disclosure Rules for ESG Investing Products
ESG Investing
BlackRock Outlines Engagement Priorities, Including Guidance for Linking Pay to ESG Performance
DWS Launches Climate-Focused ETFs Tracking Carbon Intensity-Weighted Indices
CalSTRS Invests $50 Million in Black Impact Fund
Sustainable Finance
EU Sustainable Finance Expert Group Proposes Taxonomy to Define Social Investments
BMO Commits $5 Billion to Women Owned Businesses
Verizon Issues its Fourth $1 Billion Green Bond Targeting Investments in Renewable Energy
Energy Transition
Renewable Biofuels Producer Global Clean Energy Holdings Raises $145 Million
Exxon Says it Wants to Lead on Energy Transition
Chevron Acquires Renewable Energy Group for Over $3 Billion
Ford Splits EV, ICE Units into Separate Businesses
Hyundai Targets 7% Global EV Market Share
Stellantis Targets 5 Million Annual EV Sales by 2025
Carbon markets
Exec Appointments
Macquarie’s GIG Recruits Iberdrola’s Jonathan Cole to Lead New Dedicated Offshore Wind Business
Microsoft Hires Elisabeth Brinton to Lead New Sustainability Industry Team
