ESG News: Week in Review
Jan 2023 Week-3; WEF launches initiative to unlock $3 trillion for climate and nature; UNEP & S&P launch nature risk profile methodology; Fidelity pledges $250 million to support minority students; UN Chief urges “credible” net zero pledges or risk greenwashing; King Charles redirects £1 billion wind farm profits towards “public good”; NASA to invest $425 million to Boeing; Schnitzer Steel named most sustainable company in by Corporate Knights; NextEnergy Capital launches $1.5 billion solar fund; Danone announces plan to reduce emissions; Benjamin Huang appointed Head of Sustainability at Fonda Global; Aussie climate fintech Bloom raises $525,000; €240 million financing secured by Power Capital Renewable Energy;
See below for the highlights of the past week:
Sustainability Goals, Initiatives and Achievements
- Ford Announces New Solar Power Plant Moving Towards Ambitious Sustainability Targets
- Danone Announces Ambitious Plan to Reduce Methane Emissions
- Ethiopia Signs Deal with UAE’s Masdar for 500 MW Solar Plant
- Schnitzer Steel Named Most Sustainable Company in the World by Corporate Knights
- Lenovo Commits to Net Zero Emissions by 2050, Validated by Science Based Targets initiative
Executive Moves
- Benjamin Huang Appointed Head of Sustainability at Fonda Global
- Kohler Co. Appoints Laura Kohler as Company’s First Chief Sustainability and DEI Officer
ESG Around the World
- UN Secretary General Urges “Credible” Net Zero Pledges or Risk Greenwashing at WEF23
- Swedish Prime Minister Outlines Priorities to Make EU Greener, Safer and Freer
- King Charles Redirects £1 Billion Offshore Wind Farm Profits Towards “Public Good”
- World Economic Forum Signs Partnership with Indonesia on Blue Carbon to Support National Climate Goals
- 39 Organizations Pledge to Close Gaps on Global Health Equity at #WEF23
- German Chancellor Scholz Lays Out Roadmap to Climate Neutrality by 2045 at #WEF23
- EU Launches the ‘Coalition of Trade Ministers on Climate’
- India Regulator Opts for Principles-Backed Approach on ESG Ratings
Government & Regulators
ESG Services & Tools
Exec Investing
- Temasek, Toyota Back Climate Biotech Firm Living Carbon
- NextEnergy Capital Launches $1.5 Billion Solar Fund
- Stafford Capital Partners Launches €1.3 Billion Fund Targeting Energy Transition Assets
- Iberdrola, Norges Bank Investment Management to Invest in 1,265 MW of Renewables in Spain
- NASA to Invest $425 Million to Boeing for Sustainable Flight Demonstrator Project
- EU Innovation Fund Grants €108 Million to RWE’s Waste-To-Hydrogen Project FUREC
Sustainable Finance
- €240 Million Financing Facility Secured by Solar Developer Power Capital Renewable Energy
- Aussie Climate Fintech Bloom Raises $525,000 in Seed Financing
- WEF Launches Initiative To Unlock $3 Trillion Needed Each Year for Climate and Nature
- Iberdrola to Issue €1 Billion in Green Hybrid Bond
- UAE’s Masdar to Issue Green Finance Framework Within Weeks
Energy Transition
- GE, IHI to Develop Ammonia-Based Low-Carbon Gas Power Turbines
- IBM and MBZUAI Advance AI for Climate and Culture
- Samsung Announces New Environmental Strategy to Tackle Climate Change
Social Responsibility & DEI
ESG Reporting
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.
