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

• IFC Appoints Sustainability and Gender Expert Mary Porter Peschka as Regional Director for Eastern Africa

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

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

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

Social Responsibility & DEI

• PepsiCo Selects 10 Hispanic-Owned Food and Beverage Startups to Join the Greenhouse Accelerator Program

ESG Research & Reports

• GUESS Releases 2022-2023 ESG Report

Upcoming ESG Events