ESG News: Week in Review
April 2023 Week-1; Volkswagen to invest EUR 52 billion for emission-free mobility, Amprion to invest €22 billion in grid expansion, Ford to invest C$1.8 billion to form Canadian hub of EV manufacturing, U.S. EPA proposes 56% vehicle emissions cut by 2032, $200 million grant from the World Bank to help repair energy infrastructure in Ukraine, Apple to use 100% recycled cobalt in batteries by 2025, Sustainalytics launches Low Carbon Transition Ratings, Chipotle pilots 100% renewable energy restaurant design alongside sustainability campaign…
See below for the highlights of the past week:
Sustainability Goals, Initiatives and Achievements
- Chipotle Pilots New 100% Renewable Energy Restaurant Design Alongside Sustainability Campaign
- American Express Announces New Initiatives to Support A Low-Carbon Future
- BBVA Publishes Its Clients’ Progress Toward Decarbonization for the First Time
- Apple To Use 100 Percent Recycled Cobalt in Batteries By 2025
- Frito-Lay and Schneider Complete EV Shipment in Continued Effort to Decarbonize Supply Chain
- Iberdrola to Require 85% of Purchases Come From Suppliers That Meet ESG Criteria
Executive Moves
ESG Around the World
- $200 Million Grant Supported by the World Bank Will Help Repair Energy Infrastructure in Ukraine
- Hong Kong Stock Exchange To Make Climate Disclosures Mandatory For Issuers
Government & Regulators
- U.S. EPA Proposes 56% Vehicle Emissions Cut By 2032, Requiring Big EV Jump
- EPA Publishes 30th Annual U.S. Greenhouse Gas Inventory
ESG Services & Tools
- PepsiCo Debuts Platform Designed To Support Customers In Achieving Their Sustainability Goals
- Morningstar Sustainalytics Launches its Low Carbon Transition Ratings
ESG Investing
- Ford to Invest C$1.8 Billion to Form Canadian Hub of EV Manufacturing
- GM Leads $50 Million Funding Round in EnergyX to Unlock U.S.-Based Lithium Supply for Rapidly Scaling EV Production
- Asahi Kasei Invests $100 Million in Environmental Startups
- Apple to Invest $200 Million in Carbon Removal Fund Managed by Climate Asset Management
- Volkswagen Group to Invest EUR 52 Billion for Emission-Free Mobility
- Lloyd’s Launches Schroders-Managed Private Impact Fund with £250 Million for Sustainability-Focused Assets
- Amprion To Invest €22 Billion in Accelerated Grid Expansion Over Next Five Years
Sustainable Finance
- EU Commission Approves €158 Million to Support LOTOS Green H2 in the Production of Renewable Hydrogen
- SunPower Secures $450M Financing Commitment to Meet High Solar Loan Demand
Energy Transition
Social Responsibility & DEI
- PepsiCo Launches Greenhouse Accelerator Program: Juntos Crecemos Edition to Identify and Uplift Emerging Hispanic-Owned Food and Beverage Start-Ups
- Kellogg Company Moves Closer to Achieving Equity, Diversity and Inclusion Goals
- The Home Depot Announces Grants for 36 HBCUs at 2023 Retool Your School Awards Celebration
ESG Reporting
- IBM Releases IBM Impact Report 2022
- IBM Study Finds Consumer Goods Companies Boost Tech Budgets by 34% to Align Sustainability and Operational Goals
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.
