Sustainability Goals, Initiatives and Achievements

May 2023 Week-2; Funding for US-UAE climate project grows to $13 billion, Australia to invest $1.4 billion for renewable hydrogen, Tesla breaks ground on Texas lithium refinery, Verizon issues $1 billion green bond, Wind power becomes UK’s largest source of electricity, CAI and DigitalBridge announce $300 million decarbonization partnership, Codelco and BHP sign agreement for development of sustainable mining…

See below for the highlights of the past week:

Sustainability Goals, Initiatives and Achievements

• Global Chemical Companies Sign Agreement on R&D Hub for Plastic Waste Processing Incubated by World Economic Forum
• Codelco and BHP Sign Agreement for the Development of Sustainable Mining
• Honeywell Announces Tech to Turn Hydrogen and CO2 Into New Class Of Sustainable Aviation Fuel
• CBRE Forges Strategic Partnership with Deepki to Help Property Owners Worldwide Meet Sustainability Goals

Executive Moves

• EQ Office Welcomes Samantha Sims as SVP, Social Impact and Sustainability

ESG Around the World

• Funding for US-UAE Farm Climate Project Grows to $13 Billion
• Maersk Announces New Warehouse for EV Batteries Near Hanover
• Australia to Invest $1.4 Billion for Renewable Hydrogen Industry Development
• Hydro Rein Acquires Two Solar Projects in Sweden, Growing Nordic Energy Portfolio
• China to Implement Stricter Vehicle Emissions Standards From July 1
• Climate Fund Managers Announces $1.6 Billion Debt-For-Climate Conversion to Protect the Galapagos Islands
• UAE’s Jaber Urges Methane Emissions Phase-Out by 2030
• ESCAP & World Bank Team to Accelerate Transition to Electric Mobility in Asia and the Pacific
• Savannah Energy & Government of Niger Team for the Development of up to 200 MW of New Solar Projects
• Wind Power Becomes UK’s Largest Source of Electricity

Government & Regulators

• EU Parliament Backs New Rules for Sustainable, Durable Products and No Greenwashing

ESG Services & Tools

• State Street Launches Global Carbon Asset Servicing Solution
• DHL Express Launches GoGreen Plus Option for Air Cargo Product
• S&P Global Launches New Nature & Biodiversity Risk Dataset

ESG Investing

• Climate Adaptive Infrastructure and DigitalBridge Announce $300 Million Decarbonization Partnership
• InfraRed Invests €150 Million in JOLT Energy for Ultra-Fast Charging Network
• South Korea’s Hyundai Motor To Invest $2.45 Billion in India EV Production
• Emirates Creates $200 Million Aviation Sustainability Fund

Sustainable Finance

• Verizon Issues its Fifth $1 Billion Green Bond
• EU Commission Approves €837 Million to Support the Production of EV Batteries

Energy Transition

• Tesla Breaks Ground on New Texas Lithium Refinery
• Helion Announces World’s First Fusion Energy Purchase Agreement with Microsoft

Social Responsibility & DEI

• IKEA U.S. Launches Pride Campaign to Push for Greater Progress Toward LGBTQ+ Inclusion

ESG Reporting

• FedEx Publishes 2023 ESG Report
• MSCI: More Public Companies Are Making Climate Commitments But Deadline To Limit Warming To 1.5°C Shrinks Again
• Union Pacific Outlines Progress Toward a More Sustainable Future in Building America 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.