June 2023 Week-2; Germany launches $53 billion to help companies shift toward carbon neutrality; Japan to invest $107 billion in hydrogen supply; Uruguay plans $4 billion green hydrogen facility investment; Biden, Sunak sign US-UK agreement; Biden moves to nix US states’ challenge to ESG investing rule; Uber to eliminate emissions on deliveries by 2040; Swiss regulator finds FIFA made false claims about carbon neutrality; Mercedes-Benz and H2 Green Steel sign green steel agreement

See below for the highlights of the past week:

Sustainability Goals, Initiatives and Achievements

• The Armani Group Announces New Regenerative Cotton Project in Italy
• ​​IATA and ATPCO Partner for Flight Emissions Data Calculations and Distribution​
• Nescafé Plan 2030 Shows Progress on Farmers’ Transition to Regenerative Agricultural Practices
• Mercedes-Benz and H2 Green Steel Sign Green Steel Agreement
• Uber To Eliminate Emissions On All Uber Eats Deliveries Globally By 2040

Executive Moves

• Cushman & Wakefield Appoints Mika Kania as Director, Sustainability & ESG, Asia Pacific

ESG Around the World

• Germany Launches $53 Billion Scheme To Help Companies Shift Toward Carbon Neutrality
• Germany Targets $2.1 Billion in Funding for Thyssenkrupp Green Steel Plant
• Japan To Invest $107 Billion in Hydrogen Supply Over 15 Years
• Bangladesh Receives $858 Million from World Bank to Improve Climate Resilient Agriculture Growth
• Hurtigruten Norway Unveils its First Zero-Emission Cruise Ship
• Uruguay Plans $4 Billion Green Hydrogen Facility Investment

Government & Regulators

• Biden Admin Moves to Nix US States’ Challenge to ESG Investing Rule
• Biden-Harris Administration Releases First-Ever National Clean Hydrogen Strategy and Roadmap to Build a Clean Energy Future
• Swiss Regulator Finds FIFA Made False Claims About Carbon Neutrality at Qatar World Cup
• IDB Approves $400 Million Loan to Boost Chile’s Green Hydrogen Industry
• Biden, Sunak Sign New US-UK Agreement to Accelerate Energy Transition

ESG Services & Tools

• ICE Launches Washington Cap and Invest Carbon Allowance Futures

ESG Investing

• Just Climate Announces Close of Inaugural $1.5 Billion Industrial Climate Solutions Fund
• Ørsted To Invest $68 Billion in Power Capacity by 2030
• EU Modernisation Fund Invests €2.4 Billion to Accelerate the Green Transition in 7 EU Countries
• SKF To Invest Up To $278 Million To Meet Decarbonization Goal By 2030

Sustainable Finance

• World Bank Approves $450 Million for Greener Industrial Sector in Türkiye
• EIB Grants €200 Million to Sicredi for SMEs and Households’ Solar Energy Investments
• EIB Commits €110 Million to Support EVN Investment in Wind Farms
• Garanti BBVA Renews its ESG Syndicated Loan
• BMW Group Successfully Completes €8 Billion Revolving Credit Facility Including Strategic Focus on Sustainability
• Aquila Capital Secures $21 Million from Ashikaga Bank for Japan Solar Project
• Ørsted To Issue €100 Million Blue Bond To Support Biodiversity

Energy Transition

• GM and POSCO Future M to Expand EV Battery Supply Chain in North America
• Ørsted and Vestas Team for Industry-first Partnership Towards Net Zero Wind Farms
• Iberdrola Steps Up Green Ammonia Plans With $800 Million Project

Social Responsibility & DEI

• Chipotle Kicks Off ‘Love What Makes You Real’ Campaign for Pride Month

ESG Research & Reporting

• World Economic Forum and ISSB Partner to Compile Learnings on Early Sustainability Reporting Efforts
• IEA Report: Doubling Global Pace of Energy Efficiency Progress by 2030 is Key to Reach Net Zero
• US Solar Market Registers Best Q1 in Industry History as Supply Chains Stabilize

ESG Events