ESG News: Week in Review
June 2023 Week-2; Germany launches $53 billion to help companies shift toward carbon neutrality; Japan to invest $107 billion in hydrogen supply; Uruguay plans $4 billion green hydrogen facility investment; Biden, Sunak sign US-UK agreement; Biden moves to nix US states’ challenge to ESG investing rule; Uber to eliminate emissions on deliveries by 2040; Swiss regulator finds FIFA made false claims about carbon neutrality; Mercedes-Benz and H2 Green Steel sign green steel agreement
See below for the highlights of the past week:
Sustainability Goals, Initiatives and Achievements
- The Armani Group Announces New Regenerative Cotton Project in Italy
- IATA and ATPCO Partner for Flight Emissions Data Calculations and Distribution
- Nescafé Plan 2030 Shows Progress on Farmers’ Transition to Regenerative Agricultural Practices
- Mercedes-Benz and H2 Green Steel Sign Green Steel Agreement
- Uber To Eliminate Emissions On All Uber Eats Deliveries Globally By 2040
Executive Moves
ESG Around the World
- Germany Launches $53 Billion Scheme To Help Companies Shift Toward Carbon Neutrality
- Germany Targets $2.1 Billion in Funding for Thyssenkrupp Green Steel Plant
- Japan To Invest $107 Billion in Hydrogen Supply Over 15 Years
- Bangladesh Receives $858 Million from World Bank to Improve Climate Resilient Agriculture Growth
- Hurtigruten Norway Unveils its First Zero-Emission Cruise Ship
- Uruguay Plans $4 Billion Green Hydrogen Facility Investment
Government & Regulators
- Biden Admin Moves to Nix US States’ Challenge to ESG Investing Rule
- Biden-Harris Administration Releases First-Ever National Clean Hydrogen Strategy and Roadmap to Build a Clean Energy Future
- Swiss Regulator Finds FIFA Made False Claims About Carbon Neutrality at Qatar World Cup
- IDB Approves $400 Million Loan to Boost Chile’s Green Hydrogen Industry
- Biden, Sunak Sign New US-UK Agreement to Accelerate Energy Transition
ESG Services & Tools
ESG Investing
- Just Climate Announces Close of Inaugural $1.5 Billion Industrial Climate Solutions Fund
- Ørsted To Invest $68 Billion in Power Capacity by 2030
- EU Modernisation Fund Invests €2.4 Billion to Accelerate the Green Transition in 7 EU Countries
- SKF To Invest Up To $278 Million To Meet Decarbonization Goal By 2030
Sustainable Finance
- World Bank Approves $450 Million for Greener Industrial Sector in Türkiye
- EIB Grants €200 Million to Sicredi for SMEs and Households’ Solar Energy Investments
- EIB Commits €110 Million to Support EVN Investment in Wind Farms
- Garanti BBVA Renews its ESG Syndicated Loan
- BMW Group Successfully Completes €8 Billion Revolving Credit Facility Including Strategic Focus on Sustainability
- Aquila Capital Secures $21 Million from Ashikaga Bank for Japan Solar Project
- Ørsted To Issue €100 Million Blue Bond To Support Biodiversity
Energy Transition
- GM and POSCO Future M to Expand EV Battery Supply Chain in North America
- Ørsted and Vestas Team for Industry-first Partnership Towards Net Zero Wind Farms
- Iberdrola Steps Up Green Ammonia Plans With $800 Million Project
Social Responsibility & DEI
ESG Research & Reporting
- World Economic Forum and ISSB Partner to Compile Learnings on Early Sustainability Reporting Efforts
- IEA Report: Doubling Global Pace of Energy Efficiency Progress by 2030 is Key to Reach Net Zero
- US Solar Market Registers Best Q1 in Industry History as Supply Chains Stabilize
ESG Events
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.
