ESG News: Week in Review
June 2023 Week-5; EPA launches $7 billion to bring solar energy to low-income households; Philippines & World Bank team to support climate resilience; ADB approves $1 billion to support e-mobility in the Philippines; IFC invests $400 million in ENGIE’s decarbonization program; OMV Petrom to purchase solar parks with 710 MW capacity; CEOs join forces to transform airports into clean energy hubs; Lowe’s rreveals 100 impact projects; Inter Miami launches MLS’ first upcycling initiative…
See below for the highlights of the past week:
Sustainability Goals, Initiatives and Achievements
- IFC and First Balfour Team to Promote EVs in the Philippines and Accelerate Green Transition
- MAS and SGX Group Team with the CDSC to Boost Emissions Reporting for Companies
- Iberdrola Introduces Global Green Employment, the Largest Platform for Guidance, Training and Green Employment
- FertigHy Launches to Accelerate Decarbonization of Food Value Chain
- Inter Miami Launches MLS’ First Upcycling Initiative – Re-using Old Equipment to Make Jerseys
- BASF and Yara To Evaluate Low-carbon Blue Ammonia Project at U.S. Gulf Coast
Executive Moves
ESG Around the World
- Philippines, World Bank Sign $1.14 Billion in Loans To Support Climate Resilience
- Australia Commits To Build $34 Million Renewable Hydrogen Plant in Victoria
- Germany, South Africa to Cooperate on Green Hydrogen Projects
- MAS Proposes Code of Conduct for Providers of ESG Ratings and ESG Data Products
- Chile to Accelerate its Green Hydrogen Industry with $150 Million in World Bank Support
- OMV Petrom To Purchase Solar Parks with 710 MW Capacity in Romania
- World Bank Approves $1.5 Billion in Financing to Support India’s Low-Carbon Transition
- The University of Hong Kong, Fudan University, and The University of Sydney Join Forces to Strengthen Sustainability Research and Education
Government & Regulators
- USDA To Invest $500 Million for Homegrown Biofuels as Part of Investing in America Agenda
- EU Parliament Adopts Position to Improve Air Quality in the EU to Create a Cleaner and Healthier Environment
- U.S. EPA Launches $7 Billion Program To Bring Solar Energy to Low-Income Households
ESG Services & Tools
ESG Investing
- IFC Invests $400 Million in ENGIE’s Decarbonization Program in Chile
- AstraZeneca Announces $400 Million Investment in Reforestation and Biodiversity
- bp Invests €7.5 Million in EV Charging Service Provider Service4Charger
Sustainable Finance
- UN, GGGI and Government of Cambodia Announce Support to Green Bond Issuers
- GuocoLand Secures S$974 Million Green Facility and Establishes Green Finance Framework
- ADB Approves $1 Billion to Support Low-Carbon Public Transportation in the Philippines
- The Bezos Earth Fund Announces $50 Million in Grants for the Protection and Sustainable Development of the Brazilian Amazon
Energy Transition
- GM and Element 25 to Expand U.S. EV Supply Chain with Domestic Manganese Sulfate Production
- 50+ CEOs Join Forces in World Economic Forum Initiative to Transform Airports into Clean Energy Hubs
- BMW Group Announces $220 Million for Electrification of Plant Rosslyn, South Africa
Social Responsibility & DEI
- Lowe’s Reveals 100 Impact Projects for 2023 Lowe’s Hometowns Program
- The Coca-Cola Foundation, Silk, Google, Meta, and Microsoft to Restore Longleaf Pine Forest in East Texas
ESG Research & Reports
- 63% of the 500 Largest U.S. Public Companies Are Voluntarily Reporting on Scope 3 Emissions, According to Diligent
- World Economic Forum Report Outlines Roadmap to Fast-Track China’s Green Hydrogen Industry
- GM Releases 2023 Sustainable Finance Report
- PepsiCo 2022 ESG Summary: Progress Toward pep+ Goals
Upcoming ESG Events
The ESG News Editorial Team is comprised of veteran financial journalists and sustainability analysts dedicated to providing real-time, objective reporting on global ESG regulations, climate finance, and corporate governance. Our desk monitors daily developments from the SEC, IFRS, CSRD and international regulatory bodies to ensure our 1M+ readers receive accurate, data-driven insights into the evolving sustainable investment landscape. Follow the ESG News Editorial Team for expert reporting on global sustainability standards, ESG disclosures, and climate policy. Access over 10,000 investigative reports and real-time updates.
