ESG News: Week in Review
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April 2023 Week-3; JLR to invest £15 billion for EV enhancements, Sunnova receives $3 billion from U.S. DOE to expand rooftop solar access, Air France-KLM team on ESG-linked KPIs for €2.2 billion, U.S. VP Kamala Harris to visit Miami and announce $562 million climate investment, EU adopts laws to reach 2030 climate target, LME to measure social and environmental impact of 2023 TCS London Marathon, Iberdrola to build Spain’s first hybrid wind-solar plant…
See below for the highlights of the past week:
Sustainability Goals, Initiatives and Achievements
- Garanti BBVA Announces Intermediate Decarbonization Targets
- Starbucks Expands To 3,500 Greener Stores Globally
- Barclays Extends Unreasonable Impact Programme to Support a Further 200 Companies Tackling Social and Environmental Challenges
- Iberdrola Increases Renewable Production by 11 % in the First Quarter
- Citi Collaborates With Vodafone to Support Emissions Reductions Through Supply Chain Finance
- Lowe’s Invests in Renewable Energy With Rooftop Solar Panel Installations at 174 Locations
- PwC Launches Centre for Nature Positive Business to Expand Biodiversity Research
- Siemens and IBM Collaborate to Accelerate Sustainable Product Development and Operations
- European Energy Partners With Novo Nordisk and LEGO to Replace Fossil-Based Materials in Plastic Production
Executive Moves
ESG Around the World
- Iberdrola To Build Spain’s First Hybrid Wind-Solar Plant
- World Bank Approves $650 Million in Jordan Climate & Energy Projects
- Germany Added 35% More EV Charge Points in 2022
- Australia Introduces Vehicle Pollution Rules To Boost EV Uptake
- Bezos Earth Fund Announces $9.7 Million to Provide Carbon Market Training for Indigenous Peoples in the Amazon
- EU, Norway Plan Cooperation on Carbon Capture and Renewable Hydrogen
- EU Commission Approves €401 Million to Contribute to Czechia‘s National Energy and Climate Plan
- London Marathon Events to Measure Social and Environmental Impact of 2023 TCS London Marathon
- Singapore and China Establish Green Finance Taskforce to Strengthen Collaboration in Green and Transition Finance
Government & Regulators
- EU Parliament Adopts Key Laws To Reach 2030 Climate Target
- EU Adopts New Law To Fight Global Deforestation
- U.S. VP Kamala Harris to Visit Miami, Announce $562 Million Climate Investment
- U.S. President Biden Signs Executive Order to Revitalize Environmental Justice Agenda
ESG Services & Tools
ESG Investing
- Amundi Launches Suite of Net Zero Ambition Funds
- Mackenzie Investments Launches Sustainable Investment-Focused ETF on the NEO Exchange
- Jaguar Land Rover To Invest £15 Billion To Catch Up In EV Race
- Australia’s Origin Energy To Invest A$600 Million in Battery Project
- BDC Launches $150 Million Sustainability Venture Fund to Further Enable the Transition to a Net Zero Economy
Sustainable Finance
- Air France-KLM Signed Two Revolving Credit Facilities Linked to ESG KPIs for a Total Amount of €2.2 Billion
- Solar Firm Sunnova Receives $3 Billion Loan Guarantee From U.S. DOE to Expand Rooftop Solar Access
- MAS Launches Finance for Net Zero Action Plan
Energy Transition
- Walmart, Cummins and Chevron to Debut First 15-liter Renewable Natural Gas Engine on the Road in North America
- Frito-Lay Expedites 2040 Net Zero Emissions Goal with Over 700 Electric Delivery Vehicles
Social Responsibility & DEI
ESG Reporting
- New IBM Study Reveals Inadequate Data Hinders Progress Against ESG Goals
- Starbucks Releases 2022 Global Environmental and Social Impact Report
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