ESG News: Week in Review
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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
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