ESG News: Week in Review
March 2023 Week-4; ICAP reports $63 billion raised from carbon allowance sales in 2022; President Biden uses first veto to defend rule on ESG investing; EdgeConneX executes $3.3 billion in sustainability-linked financing; Cosmo to allocate $3.2 billion for green energy initiatives; EU proposes rules to protect consumers from greenwashing; Tesla shares accelerate as EV maker secures blue chip status with Moody’s debt upgrade; Chipotle announces 2023 ESG goals tied to executive compensation; Chubb to only insure projects if companies pledge to cut emissions; Franklin Templeton appoints James Andrus as Vice President of Sustainability Global Markets…
See below for the highlights of the past week:
Sustainability Goals, Initiatives and Achievements
- Kering Commits to Reducing Absolute Emissions by 40%
- Eni and UniCredit Partner Around Open-es to Support Companies in Improving Their ESG Performance
- Tesla Shares Accelerate as EV Maker Secures Blue Chip Status with Moody’s Debt Upgrade
- Chubb To Only Insure Oil, Gas Projects if Companies Pledge To Cut Methane Emissions
- GE and Svante Announce Collaboration to Develop Carbon Capture Technology for Power Generation
- Chipotle Announces 2023 ESG Goals Tied To Executive Compensation
- Maersk Signs MOU with Shanghai International Port Group on Green Methanol Bunkering
Executive Moves
ESG Around the World
- FCA Outlines Where Improvements Are Needed In ESG Benchmarks
- South Korea Cuts 2030 Emissions Reductions Targets for Industry
- EU Joins Efforts to Address the Global Water Crisis and Ensure Water Security for All by 2050
- ICAP Reports Record $63 Billion Raised from Carbon Allowance Sales in 2022
- World Bank Group Launches New Partnership Framework with Egypt to Support Green, Resilient, and Inclusive Development
- World Bank Commits $82 Million to Republic of Congo to Address Climate Change and Build More Resilient Economy
Government & Regulators
- President Biden Uses First Veto To Defend Rule on ESG Investing
- EU Commission Proposes Rules to Protect Consumers from Greenwashing
- Biden-Harris Administration Announces $250 Million for Federal Agencies to Advance Net Zero Projects
- EU Announces Rules for Cutting Maritime Transport Emissions by Promoting Sustainable Fuels for Shipping
ESG Services & Tools
- Nasdaq and Microsoft Team to Expand Educational Sustainability Programming for Entrepreneurs
- Eni Launches Program for Suppliers Committed to Sustainable Development
ESG Investing
- PepsiCo Announces $216 Million for Three Major Farmer-facing Organizations to Deliver Three Million Metric Tons of Greenhouse Gas Emissions Reductions
- Bezos Earth Fund Invests $34 Million to Help Deliver Climate-Friendly Food and Improve Corporate Climate Accountability
- Voestalpine to Invest 1.5 Billion Euros in CO2-Reduced Steel Production
- Nestlé Invests in Ganado Solar Project to Help Expand Renewable Energy Available in the U.S.
- EnBW and Investors to Commit €2.4 Billion for Offshore Wind Farm
- Japan’s Cosmo To Allocate $3.2 Billion for Green Energy Initiatives in Next 3 Years
- EIB Provides €70 Million Investment Grant to North Macedonia for Largest Environmental Protection Project
- EdgeConneX Successfully Executes $3.3 Billion in Innovative Sustainability-linked Financing
Sustainable Finance
- Banco de Bogotá, IDB Invest Announce $230 Million Sustainability Bond
- EIB Commits €450 Million Green Loan to Portugal’s REN for Renewable Energy Upgrades
Energy Transition
Social Responsibility & DEI
ESG Reporting
- Bank of England Releases Report on Climate-Related Risks and the Regulatory Capital Frameworks
- EcoVadis Network Impact Report Showcases Progress on Environmental & Social KPIs and Metrics from 40,000 Business Sustainability Ratings
- HelloFresh Releases 2022 Sustainability Report
- Ball Corporation Releases Climate Transition Plan and 2022 Annual Combined Financial and Sustainability Report
- Shell Shows Good Progress on Journey to Net Zero Emissions in Energy Transition Progress Report
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.
