ESG News: Week in Review
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June 2023 Week-3; BlackRock launches climate-focused ETFs anchored by $3 billion investment; Iberdrola signs €1 billion green loan with EIB; Rio Tinto to Invest $1 billion in low-carbon aluminium smelter; Apple’s Racial Equity and Justice Initiative surpasses $200 million in investments; BlackRock launches Brown to Green Materials Fund; Rolls-Royce powers sustainable aviation with Ansys and Intel
See below for the highlights of the past week:
Sustainability Goals, Initiatives and Achievements
- Iberdrola and Trammo Sign Largest EU Agreement for the Export of Green Ammonia
- China Baowu and Rio Tinto Extend Climate Partnership to Decarbonize the Steel Value Chain
- DHL Global Forwarding Partners with IAG Cargo to Enable Sustainable Aviation Fuel
- Rolls-Royce Rapidly Powers Sustainable Aviation with Ansys and Intel Technologies
Executive Moves
ESG Around the World
- Iberdrola Signs €1 Billion Loan With EIB To Accelerate Energy Transition in Europe
- Ford Opens its First Carbon Neutral Assembly Plant in Germany
- Eni Signs MoU for New Initiatives Related to the Energy Transition in Libya
- Norway to Mandate Solar Power for New Government Buildings from 2024
- Zambia Receives $100 Million Boost for Green, Resilient, and Transformational Tourism Development
- World Bank Approves $549 Million for Increasing Use of Renewable Energy in Public Buildings in Türkiye
- EU and Chile to Develop Lithium and Green Hydrogen Projects
- LEAG and ESS to Develop Clean Energy Hub for Germany
Government & Regulators
- Biden-Harris Admin Announces $13.5 Million Investment to Equitably Grow Solar Energy Workforce
- Canada Presents Sustainable Jobs Bill for Green Transition
- U.S. Interior Department Proposes Rule to Bolster Solar and Wind Development on Public Lands
- Environment Committee Proposes New EU Rules to Make Sustainable Products the Norm
- Biden-Harris Administration Announces $135 Million to Reduce Emissions Across America’s Industrial Sector
ESG Services & Tools
ESG Investing
- BBVA Invests $20 Million in Just Climate’s Decarbonization Fund
- Rio Tinto To Invest $1.1 Billion in Low-carbon Aluminium Smelter in Quebec
- Bill Gates-backed Solar Company CubicPV Raises $103 Million for US Wafer Factory
- BlackRock Launches Brown to Green Materials Fund Targeting Greening of Materials Sector
- BlackRock Launches New Climate-Focused ETFs Anchored by $3 Billion Investment from Ilmarinen
- BBVA Commits €600 Million to Drive Decarbonization
- Gerdau to Invest $667 Million in Sustainable Mining Platform
Sustainable Finance
- JSW Cement Signs Sustainability Linked Loan Agreement of $50 Million with BNP Paribas
- IFC Subscribes to Krungsri’s $400 Million Green and Blue Bond to Support Thailand’s Climate Goals
Energy Transition
- Maersk Secures Green Methanol for Maiden Voyage of the World’s First Methanol-Enabled Container Vessel
- Maersk Purchases 25 Volvo E-Trucks for Climate-friendly Container Transports in Germany
- CVS Health Enters Agreement With Constellation to Purchase Renewable Energy
Social Responsibility & DEI
- Apple’s Racial Equity and Justice Initiative Surpasses $200 Million in Investments, Doubling Initial 2020 Commitment
- Bank of America Surpasses $500 Million in Equity Investments to Support Minority and Women Entrepreneurs
- The NFL Borrows $78 Million From Minority-Owned Banks, Strengthening Support for Diverse Business Owners
- Accenture Invests in Diversity and Inclusion Learning Platform Praxis Labs
ESG Research & Reporting
- UnitedHealth Group’s 2022 Sustainability Report Highlights Efforts To Diversify the Health Workforce, Minimize Its Environmental Footprint
- McKinsey & Company Publishes 2022 ESG Report
- Boeing Releases 2023 Sustainability Report
- GE Survey Shows Broad Aviation Industry Alignment on Sustainability, Need for Accelerated Support to Meet 2050 Net Zero Goal