May 2023 Week-1; EIB approves EUR 6.6 billion for sustainable transport investment, Mitsubishi & MUFG to launch $1 billion decarbonization fund, BlackRock to go ahead with $650 million EV charging infrastructure, Ferrari & Enel X to create renewable energy communities, India projects country’s cost of adapting to climate change at $1 trillion by 2030, Mike Schroepfer launches climate investment firm, GM releases 2022 sustainability report, Bezos Earth Fund adds two climate change leaders…

See below for the highlights of the past week:

Sustainability Goals, Initiatives and Achievements

• Kroger Announces Major Recycling Program Milestone
• Nestlé Inaugurates New Research Institute Aimed at Supporting Sustainable Food Systems
• Investor Group With $10 Trillion in AUM Urges Faster Corporate Action on Plastics
• Accenture and Cervest Team to Bring Innovative Solutions to Clients for Climate Risk
• United to Triple SAF Use in 2023, Adds SAF on Flights at San Francisco Airport
• DiversityInc Announces 2023 Top 25 Companies for ESG List

Executive Moves

• Bezos Earth Fund Adds Paul Bodnar and Noël Bakhtian to Help Fight Climate Change
• BlueOnion Appoints Dr. Agnes K Y Tai as Chief EC.ESG Investment Strategist

ESG Around the World

• ADB Announces New Program to Accelerate Billions in Climate Change Financing
• World Bank Approves $345 Million for Green Agriculture and Rural Development in China
• Republic of Korea Expands Funding for ADB Ventures to Support Climate Tech Startups in Asia
• Reserve Bank of India Projects Country’s Cost of Adapting to Climate Change at $1 Trillion by 2030
• World Bank Group Outlines Brazil’s Opportunities for Climate Action and Growth
• Indonesia Plans to Launch Carbon Exchange to Achieve Net Zero Emissions by 2060
• Vietnam to More Than Double Power Generation by 2030 and Lower Offshore Wind Target

Government & Regulators

• Governor DeSantis Signs Anti-ESG Legislation in Florida
• Barclays Toughens Deforestation Rules for Beef Sector Clients

ESG Services & Tools

• Diligent Launches Board Reporting for ESG Platform for Organizations

ESG Investing

• Mitsubishi and MUFG Team to Launch $1 Billion Decarbonization Fund for Startups
• Energy Impact Partners’ Fund Closes With $112 Million to Support Diversity in Clean Energy
• Former Facebook CTO Mike Schroepfer Launches Climate Investment Firm Gigascale Capital
• EIB Approves EUR 6.6 Billion for Sustainable Transport, Clean Energy and Education Investment

Sustainable Finance

• EIF and BBVA Sign €200 Million Agreement to Support Startups with Innovative and Sustainable Investment Plans
• Solar Provider SunPower Secures $550 Million Loan Purchase Commitment From KKR
• EU Commission & CDP Allocate €100 Million to Plenitude Toward Construction of High-Speed EV Charging Network in Europe

Energy Transition

• BlackRock, Daimler and NextEra Forge Ahead with $650 Million EV Charging Infrastructure for Trucks
• Ferrari and Enel X to Create Renewable Energy Communities in Fiorano and Maranello
• Shell and Volkswagen Push Ahead Expansion of EV Charging Infrastructure in Germany

Social Responsibility & DEI

• The Home Depot Foundation Invests Over $4.4 Million to Help Communities Respond to Natural Disasters

ESG Reporting

• General Motors Releases 2022 Sustainability Report
• DuPont Publishes 2023 Sustainability Report
• Delta Releases 2022 ESG Report

ESG Events