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

• AXA IM Alts Appoints Laurent Lavergne as Global Head of Sustainability

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

• Diligent Data Launches ESG Module, Empowering Organizations to Benchmark ESG Efforts Against Industry Peers

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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