Sustainability Goals, Initiatives and Achievements

May 2023 Week-2; Funding for US-UAE climate project grows to $13 billion, Australia to invest $1.4 billion for renewable hydrogen, Tesla breaks ground on Texas lithium refinery, Verizon issues $1 billion green bond, Wind power becomes UK’s largest source of electricity, CAI and DigitalBridge announce $300 million decarbonization partnership, Codelco and BHP sign agreement for development of sustainable mining…

See below for the highlights of the past week:

Sustainability Goals, Initiatives and Achievements

• Global Chemical Companies Sign Agreement on R&D Hub for Plastic Waste Processing Incubated by World Economic Forum
• Codelco and BHP Sign Agreement for the Development of Sustainable Mining
• Honeywell Announces Tech to Turn Hydrogen and CO2 Into New Class Of Sustainable Aviation Fuel
• CBRE Forges Strategic Partnership with Deepki to Help Property Owners Worldwide Meet Sustainability Goals

Executive Moves

• EQ Office Welcomes Samantha Sims as SVP, Social Impact and Sustainability

ESG Around the World

• Funding for US-UAE Farm Climate Project Grows to $13 Billion
• Maersk Announces New Warehouse for EV Batteries Near Hanover
• Australia to Invest $1.4 Billion for Renewable Hydrogen Industry Development
• Hydro Rein Acquires Two Solar Projects in Sweden, Growing Nordic Energy Portfolio
• China to Implement Stricter Vehicle Emissions Standards From July 1
• Climate Fund Managers Announces $1.6 Billion Debt-For-Climate Conversion to Protect the Galapagos Islands
• UAE’s Jaber Urges Methane Emissions Phase-Out by 2030
• ESCAP & World Bank Team to Accelerate Transition to Electric Mobility in Asia and the Pacific
• Savannah Energy & Government of Niger Team for the Development of up to 200 MW of New Solar Projects
• Wind Power Becomes UK’s Largest Source of Electricity

Government & Regulators

• EU Parliament Backs New Rules for Sustainable, Durable Products and No Greenwashing

ESG Services & Tools

• State Street Launches Global Carbon Asset Servicing Solution
• DHL Express Launches GoGreen Plus Option for Air Cargo Product
• S&P Global Launches New Nature & Biodiversity Risk Dataset

ESG Investing

• Climate Adaptive Infrastructure and DigitalBridge Announce $300 Million Decarbonization Partnership
• InfraRed Invests €150 Million in JOLT Energy for Ultra-Fast Charging Network
• South Korea’s Hyundai Motor To Invest $2.45 Billion in India EV Production
• Emirates Creates $200 Million Aviation Sustainability Fund

Sustainable Finance

• Verizon Issues its Fifth $1 Billion Green Bond
• EU Commission Approves €837 Million to Support the Production of EV Batteries

Energy Transition

• Tesla Breaks Ground on New Texas Lithium Refinery
• Helion Announces World’s First Fusion Energy Purchase Agreement with Microsoft

Social Responsibility & DEI

• IKEA U.S. Launches Pride Campaign to Push for Greater Progress Toward LGBTQ+ Inclusion

ESG Reporting

• FedEx Publishes 2023 ESG Report
• MSCI: More Public Companies Are Making Climate Commitments But Deadline To Limit Warming To 1.5°C Shrinks Again
• Union Pacific Outlines Progress Toward a More Sustainable Future in Building America Report

ESG Events