March 2023 Week-1; EDP unveils €25 billion for renewable energy; Washington to impose limit on GHG emissions for companies; EIB study finds €6.7 billion investment gap to meet Europe’s recycling targets; Essar launches EET to invest $3.6 billion for energy transition; JetBlue partners with CHOOOSE to scale the sustainability of air travel; S&P Dow Jones Indices launches the S&P GSCI Climate Aware Index; Enbridge commits $1 billion to food waste to energy company ‘Divert’…

See below for the highlights of the past week:

Sustainability Goals, Initiatives and Achievements

• JetBlue Partners With CHOOOSE, Giving Customers the Tools to Help Scale the Sustainability of Air Travel
• BMW Group Launches Pilot Hydrogen Fuel Cell Vehicle Fleet
• Citi Pledges to Cut Emissions for More Sectors Including Coal Mining
• Deutsche Bank Announces Additional Measures to Reinforce Net Zero Commitment
• Iberdrola Signs Strategic Alliance with bp to Accelerate the Deployment of Electric Mobility

Executive Moves

• Volkswagen Appoints Nicole Mommsen as Head of Global Communications and Sustainability at Group Technology
• Advanced Materials Company Lyten Names Keith Norman as Chief Sustainability Officer
• Persefoni Appoints Kristina Wyatt as Chief Sustainability Officer

ESG Around the World

• Essar Launches EET to Invest $3.6 Billion in Energy Transition in the UK and India
• World Bank’s IFC and Sococim Partner for €242 Million to Boost Low-Carbon Cement Production in Senegal
• EU Commission Approves €89.6 Million Hungarian Investment Aid to Samsung SDI’s EV Battery Plant
• EU’s Environment Committee Agree to Reduction of GHG Emissions to Contribute to EU’s Climate Neutrality Goal
• European Investment Bank and Kenya Strengthen Green Hydrogen Cooperation
• EU Announces €816.5 Million Worth of Commitments to Protect the Ocean
• Marubeni and PIF Team for the Development of a Clean Hydrogen Project in Saudi Arabia
• EU Launches New Cooperation Programmes with Morocco Worth €624 Million for Green Transition

Government & Regulators

• Washington to Impose Limit on Greenhouse Gas Emissions for Companies
• EU Legislators Strike Deal on New Standard to Fight Greenwashing in the Bond Markets
• U.S. EPA Announces Over $250 Million to Fund Innovative Projects That Tackle Climate Pollution
• U. S. Steel and CarbonFree Team to Capture CO2 Emissions at One of the Largest Integrated Steel Mills in North America

ESG Services & Tools

• S&P Dow Jones Indices Introduces Environmental Metrics for Commodities with the Launch of the S&P GSCI Climate Aware Index
• Apex Group Launches the First Verified ESG Benchmarking Database for the Private Markets

ESG Investing

• U.S. DOE Invests $315 Million to Advance Reliable Clean Energy in Rural and Remote Communities
• EDP Unveils €25 Billion Investment Plan Focused on Renewable Energy and Supporting Net Zero Targets

Sustainable Finance

• Li-Cycle Receives $375 Million from the U.S. DOE for New York Recycling Plant
• Teva Announces Launch of $2 Billion (Equivalent) Offering of Sustainability-Linked Senior Notes
• Enbridge Commits $1 Billion to Food Waste to Energy Company, Divert

Energy Transition

• U.S. Department of State, Bezos Earth Fund, and The Rockefeller Foundation Convene Energy Transition Accelerator High-Level Consultative Group
• University of Kansas Opens Welcome Center Powered by Renewable Energy Infrastructure from Black & Veatch
• bp Launches Plans for Low-Carbon Green Hydrogen Cluster in Spain’s Valencia Region
• USPS Moves Forward with Awards to Modernize and Electrify the Nation’s Largest Federal Fleet
• Mercedes-Benz Begins Building Battery Recycling Factory in Southern Germany

Social Responsibility & DEI

• TD Awards $10 Million to 10 Canadian and American Organizations Focused on Addressing the Challenges of Climate Change

ESG Reporting

• IBM and Chief Study Finds Women in Leadership Pipeline has Hollowed Out in the Middle
• EIB Study Finds At Least €6.7 Billion Investment Gap To Meet Europe’s Plastics Recycling Targets

ESG Events

ESG News Editorial Team

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.