ESG News: Week in Review
July 2023 Week-1: Amazon rolls out EV vans as part of €1 billion European electrification strategy; UN Chief urges net zero emissions by 2050; UN’s IMO adopts strategy to reduce GHG emissions from international shipping; California, truck manufacturers strike deal on emissions rules; NextEnergy Capital raises $480 million after close of fifth solar fund…
See below for the highlights of the past week:
Sustainability Goals, Initiatives and Achievements
- Volvo Cars Uses ECO Delivery Ocean Solution from Maersk to Reduce its Greenhouse Gas Footprint
- PUMA to Source Bovine Leather From Deforestation-free Supply Chains by 2030
- DHL Express Helps Law Firm Linklaters Cut Carbon Emissions Using Sustainable Aviation Fuel
- Duke Energy Unveils Kentucky’s Largest Utility-Scale Rooftop Solar Site at Amazon Air Hub
Executive Moves
ESG Around the World
- UN Chief Urges Net Zero Emissions Agreement for Shipping by 2050
- Portugal Doubles 2030 Goals for Solar and Hydrogen Capacity
- Barclays Supports Offshore Wind Farm Which Aims to Supply 50% of Scotland’s Electricity
- Singapore’s Clean Energy Sector Poised for 80% Workforce Growth, and Sees New Grant for Energy Storage Solutions
- International Maritime Organization Adopts Revised Strategy To Reduce Greenhouse Gas Emissions From International Shipping
Government & Regulators
- U.S. EPA and U.S. DOE to Provide More than $1 Billion to Reduce Methane Emissions from Oil and Gas Sector
- Biden-Harris Administration to Jumpstart Clean Hydrogen Economy with New Initiative to Provide Market Certainty
- EU Proposes Rules to Support Sustainable Management of Textile Waste
- California, Truck Manufacturers Strike Deal on Emissions Rules to Meet Clean Air Goals
- U.S. EPA Proposes Updates to Greenhouse Gas Emissions Reporting Requirements for the Oil and Gas Sector
ESG Services & Tools
ESG Investing
- NextEnergy Capital Raises $480 Million after First Close of Fifth Solar Fund
- bp Invests $10 Million in WasteFuel to Produce Low Carbon Fuels
Sustainable Finance
- Endesa, ICO and EIB Sign €500 Million in Sustainability-Linked Financing
- Aeroporti di Roma Issues €400 Million Sustainability-Linked Bond
- EIB Provides €62 Million to AMT3 to Develop Sustainable Mobility in Verona
- Iberdrola Issues €850 Million in Green Bonds With Strong Investor Support
Energy Transition
- Climate Investment Funds Approves $70 Million to Enable $9 Billion Energy Transformation in Brazil
- Amazon Rolls Out First Rivian Delivery Vans as Part of €1 Billion European Electrification Strategy
- SmartestEnergy and Woolworths Ink Agreement to Achieve 100% Renewable Electricity in NSW and ACT in 2025
