ESG News: Week in Review
This week in ESG News: Spain receives €869 million for climate transition; Biden-Harris announce $750 million for clean hydrogen technologies; EU approves 28 billion Euro German renewable energy scheme; USPS to invest $10 billion in EV delivery fleet; General Atlantic raises $3.5 billion to invest in climate change; Canada to require new cars to be zero emission vehicles by 2035; EU announces formation of Social Climate Fund; Iberdrola to invest € 1.1 billion for green hydrogen plant in Australia; UK to award £165 million for 5 SAF projects; Ford releases sustainable financing report; Caterpillar names Dr. Lou Balmer-Millar as Chief Sustainability Officer; NatWest floats $10 billion Brazilian Bond Plan to halt Amazon deforestation. and more
See below for the highlights of the past week:
Sustainability Goals, Initiatives and Achievements
Government & Regulators
ESG Services & Tools
Global News
- EU Agrees to Reform the Emissions Trading System and Invest More in Climate Friendly Technologies
- EU Announces Formation of the Social Climate Fund
- NatWest Floats $10 Billion Brazilian Bond Plan to Halt Amazon Deforestation
- Zimbabwe Proposes Incentives for $1 Billion Solar Projects
- EIB Provides SEK 530 Million to Swedish Salmon Farm for Greener, Sustainable Food Production
- Study Confirms Africa’s Potential To Produce EUR 1 Trillion of Green Hydrogen Annually
- First Abu Dhabi Bank Launches Sustainability-Linked Current Account with Landmark Retail
- Spain Receives €869 Million for Just Climate Transition
- UK to Award £165 Million for 5 New Sustainable Aviation Fuel Projects
- Canada to Require 100% of New Cars Sold to be Zero Emission Vehicles by 2035
- World Bank and Banco do Brasil Develop $500 Million Climate Finance Solution
- African Development Bank Group Board Approves $38 Million Loan Package for Kairouan Solar Plant
ESG Investing
- Franklin Templeton Launches ClearBridge Sustainable Infrastructure Exchange-Traded Fund
- General Atlantic Raises $3.5 Billion to Invest in Climate Change Fight
- Iberdrola to Invest More Than € 1.1 Billion to Build a Green Hydrogen Plant in Australia
- UBS-Backed Carbon Credit Network Nears 2023 Launch After Test
- CPP Investments Invests US$200 Million in Energy Provider Redaptive
- USPS to Invest Nearly $10 Billion in Electric Vehicle Delivery Fleet
- HSBC Asset Management Closes HSBC Sustainable Balanced Fund
Exec Moves
Sustainable Finance
- World Bank Approves $311 Million to Increase Renewable Energy Capacity in West Africa
- EIB Lends €120 Million to Cosentino Group to Support its Sustainability and Circular Economy Strategy
- Ford Releases Sustainable Financing Report and Updates on Impact of Green Bond Investments
- Iberdrola and EIB Sign a €70 Million Green Loan Agreement to Boost Renewable Energy in Portugal
Energy Transition
- Ascension Clean Energy Selects Denmark-Based Topsoe for $7.5 Billion Clean Hydrogen-Ammonia Project
- EU Approves 28 Billion Euro German Renewable Energy Scheme
- Octopus Energy to Expand Renewables Development in Spain and Enter Portugal
- Porsche Opens eFuels Pilot Plant in Chile
- Osaka Gas USA, Tallgrass & Green Plains Partner to Advance Japan’s Climate Objectives
- Nippon Steel to Start Making Low-Carbon Ingredients for Green Steel