July 2023 Week-3: EPA launches $20 billion ‘climate bank’ programs; EverWind to invest $1 billion in Nova Scotia renewable energy; Masdar launches $750 million green bond; AXA commits $49 million for Brazilian Amazon Rainforest restoration projects; U.S. and India advance partnership on clean energy; IFC boosts access to finance for women-owned, climate-focused businesses; EU and Argentina step up cooperation on energy transition; Barclays appoints new Senior Hires in Sustainable and Impact Investment Banking Team…

See below for the highlights of the past week:

Sustainability Goals, Initiatives and Achievements

• ADNOC to Launch First High-Speed Hydrogen Refueling Station in the Middle East
• World Economic Forum and Partners to Develop India’s First Zero-Emissions Road Freight Cluster
• Impala and Exor Team To Develop Renewable and Energy Storage Company TagEnergy

Executive Moves

• Securian Financial Names Mike Dominowski as Head of Sustainability
• Barclays Appoints New Senior Hires in Sustainable and Impact Investment Banking Team

ESG Around the World

• EU and Argentina Step Up Cooperation on Clean Energy Transition and Energy Security
• IFC Invests EUR 100 Million to Boost Green Residential Mortgages in Romania, Mitigating Climate Change
• EIB To Finance Climate Action Projects in Chile With More Than €300 Million Including its First Green Mortgage Loan Outside Europe
• AXA Commits $49 Million for Brazilian Amazon Rainforest Restoration Projects
• EU and Uruguay Boost Cooperation on Renewable Energy, Energy Efficiency and Renewable Hydrogen
• U.S. and India Advance Partnership on Clean Energy
• ING and EIB Provide €600 Million to SMEs in the Netherlands, Belgium and Luxembourg To Boost Sustainability

Government & Regulators

• U.S. EPA Launches $20 Billion ‘Climate Bank’ Programs To Curb Climate Change

ESG Services & Tools

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

ESG Investing

• EIB Lends €300 Million to Banco Santander Brasil for Small-Scale Solar Energy Investments
• EverWind To Invest $1 Billion in Renewable Energy To Power Nova Scotia Project
• CFM Announces $102 Million Investment in Solar Tech Firm Release by Scatec

Sustainable Finance

• ALLO Communications Secures $650 Million in Sustainable Financing From Calix
• UAE Renewable Energy Company Masdar Launches $750 Million Green Bond
• NineDot Energy Closes $25 Million Revolving Credit Facility with NY Green Bank
• EU Commission Approves €850 Million To Support ArcelorMittal Decarbonize Steel Production

Energy Transition

• Hydro Rein and GreenGo Energy To Develop Two New Solar Projects in Denmark

Social Responsibility & DEI

• For the Third Consecutive Year, HEINZ Commits $1 Million in Grants to Support Black-Owned Food Businesses
• Bezos Earth Fund Announces $400 Million for Greening in Underserved Urban U.S. Communities
• IFC Boosts Access to Finance for Women-Owned, Climate-Focused Smaller Businesses in Türkiye

ESG Research & Reports

• ESG Book Analysis Shows Companies Insufficiently Disclosing Industry-Relevant Metrics Despite Global Increase in Sustainability Reporting
• Hess Corporation Publishes 26th Annual Sustainability Report

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