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ESG Insider: Amid NYC climate week pledges, concerns over ESG data gaps

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ESG Insider: Amid NYC climate week pledges, concerns over ESG data gaps

The ESG Insider newsletter compiles news and insights on environmental, social and governance developments driving change in business and investment decisions. Subscribe to our ESG Insider newsletter, and listen to the latest ESG Insider podcast on SoundCloud, Spotify and iTunes.

Climate change was front and center in New York City last week as companies and asset managers set new environmental targets, banks joined a new sustainability initiative and fossil fuel companies eyed new options for capturing and sequestering carbon.

Amid these efforts, investors continue to grapple with how to gauge which companies are climate conscious given the struggles to standardize ESG data.

This week's newsletter also explores comments made at a recent industry conference in Kentucky where speakers said fossil fuel companies should be thanked, not blamed, for their work. And our Chart of the Week examines how one German utility is targeting growth in renewables to counter government-mandated phaseout policies that will decimate its coal power plants.

Chart of the Week

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Top Stories

NY climate week marked with pledges, new initiatives

The United Nations held an all-day climate action summit Sept. 23, during which heads of state and corporations announced ongoing, and some new, climate-related ambitions.

As green financing accelerates, concern grows about gaps in ESG data

Pension funds, banks and insurers were among companies that unveiled sweeping plans to realign parts of their businesses to better account for the rising threat of climate change. But there are still concerns that investors may not be able to identify those companies, given the lack of standardized and comprehensive ESG data.

Stop 'fossil fuel apology tour,' speakers urge U.S. state lawmakers

Members of U.S. President Donald Trump's administration said at a recent industry conference that the blame fossil fuel companies receive for their carbon emissions is largely unwarranted.

New RWE bets big on green growth

Germany's RWE AG is about to embark on a spending spree to cement its position as one of the largest renewables utilities in the world, leveraging a complex deal to acquire a global wind and solar portfolio while starting on the long road to phase out its legacy coal-fired fleet.

Environmental

Coal largely absent from clean energy transition discussion, planning

More oil, gas companies seek greater role in shift to clean energy

Businesses make moves to 100% renewable electricity, fleet electrification

Western European cities continue to lead the pack in green finance

Social

Goldman Sachs unit settles Labor Department's pay bias charges

Moody's sees significant water risks for global mining industry

Governance

SEC divided over ESG disclosures as pressure from Congress rises

Greek banks get tougher on governance, sustainability

BIS rolls out open-ended green bond fund for central banks

ESG Indexes

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Upcoming Events

Impact Investor Forum
Global Impact Investing Network
Oct. 2-3
Amsterdam

ESG Integration Summit
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Oct. 17
Stockholm

US Sustainable Finance Policy Summit
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Oct. 17
Washington, D.C.

Annual Forum on Green Finance and Investment
The Organization for Economic Cooperation and Development
Oct. 29-30
Paris

SRI30
The SRI Conference and Community
Nov. 11-15
Colorado Springs, Colo.

KBRA ESG Conference
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Nov. 14
New York

SASB Symposium
SASB
Dec. 3
New York

RI New York 2019
Responsible Investor
Dec. 4-5
New York

Questions or suggestions? Contact S&P Global Market Intelligence's ESG News team at ESGNews@spglobal.com.