March 2023 Week-3; TD sets $500 billion sustainable finance target by 2030; Biden-Harris announces $750 million to advance clean hydrogen tech; EU proposes Net-Zero Industry Act for clean tech; EU adopts carbon sinks goal that increases EU 2030 climate ambition; DeSantis leads alliance of 18 states to fight against ESG investing; Starbucks commits over $50 million to sustainable waste and water funds; Malaysia’s Petronas bids $460 million for stake in NTPC’s green energy division…

See below for the highlights of the past week:

Sustainability Goals, Initiatives and Achievements

• JetBlue and Shell Aviation Announce Agreement Bringing New Supply of SAF to LAX
• Western Union Earns Three Recognitions for ESG Efforts
• CNH Industrial Buys UK’s Bennamann To Help Farmers Make Energy From Waste
• TD Bank Sets $500 Billion Sustainable & Decarbonization Finance Target by 2030
• Whirlpool Achieves Goal of Zero Waste to Landfill for Manufacturing Sites Worldwide

Executive Moves

• Carol Adams Appointed to GRI’s Global Sustainability Standards Board
• Katten ESG Risk & Investigations Co-Chair Johnjerica Hodge Selected as a Leadership Council on Legal Diversity Fellow

ESG Around the World

• Deutsche Bank Announces $15 Million for Pepperl+Fuchs’s Sustainable Factory in Vietnam
• Parker Review Committee Announces New Diversity Targets for UK Companies
• EU Commission Proposes Reform of the EU Electricity Market Design to Boost Renewables
• TotalEnergies and Paprec Develop the First French Value Chain for Advanced Recycling of Plastic Film
• Sweden Takes Over EU Presidency With Promise To Be ‘Greener, Safer and Freer’

Government & Regulators

• DOE Invests $47 Million to Reduce Methane Emissions From Oil and Gas Sector
• EU Parliament Adopts Plan for a Climate Neutral Building Sector by 2050
• EU Parliament Adopts New Carbon Sinks Goal That Increases EU 2030 Climate Ambition
• Biden-Harris Administration Announces $750 Million to Advance Clean Hydrogen Technologies
• EU Proposes Net-Zero Industry Act To Scale Manufacturing of Clean Technologies
• DeSantis Leads Alliance of 18 States to Fight Against ESG Investing
• British Columbia Province Sets High Emissions Bar for New LNG Projects

ESG Services & Tools

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ESG Investing

• Britain To Invest $24 Billion To Capture Carbon Emissions
• Breakthrough Energy Ventures Leads $25M Series A for Viridos’ Revolutionary and Sustainable Algae Biofuels
• Robeco Raises €130 Million for New Sustainable Loan Fund

Sustainable Finance

• EIB Lends €300 Million to novobanco for Financing SMEs & MidCaps and Climate Action
• OPEC Fund Approves Over $300 Million in New Financing and Delivers on its Climate Action Plan
• Climeworks & Heirloom Team With Non Profit Battelle To Bid on $500 Million U.S. Climate Grant for Carbon Capture
• Starbucks Commits Over $50 Million to Sustainable Waste and Water Funds
• Electriq Power Secures $300 Million of Solar+Storage Financing

Energy Transition

• Corteva, Bunge and Chevron Team to Lower Carbon Renewable Fuels
• Iberdrola and Haizea Wind Group Sign €200 Million Framework Agreement for East Anglia Three
• Malaysia’s Petronas Bids $460 Million for Stake in NTPC’s Green Energy Division

Social Responsibility & DEI

• PepsiCo & Frito-Lay Announce $3.3 Million in Water Replenishment Projects

ESG Reporting

• Bank of England Releases Report on Climate-Related Risks and the Regulatory Capital Frameworks
• EcoVadis Network Impact Report Showcases Progress on Environmental & Social KPIs and Metrics from 40,000 Business Sustainability Ratings
• HelloFresh Releases 2022 Sustainability Report
• Ball Corporation Releases Climate Transition Plan and 2022 Annual Combined Financial and Sustainability Report
• Shell Shows Good Progress on Journey to Net Zero Emissions in Energy Transition Progress Report

ESG Events

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The ESG News Editorial Team is comprised of veteran financial journalists and sustainability analysts dedicated to providing real-time, objective reporting on global ESG regulations, climate finance, and corporate governance. Our desk monitors daily developments from the SEC, IFRS, CSRD and international regulatory bodies to ensure our 1M+ readers receive accurate, data-driven insights into the evolving sustainable investment landscape. Follow the ESG News Editorial Team for expert reporting on global sustainability standards, ESG disclosures, and climate policy. Access over 10,000 investigative reports and real-time updates.