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ESG News: Week in Review
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February 2023 Week-4; United launches $100 million sustainable flight fund; NextPower ESG fund closes at £595 million; India, UK, US Team with WBCSD for zero-emission vehicles in India; DOE announces actions to accelerate offshore wind deployment; Bell 505 becomes first helicopter to fly using 100% SAF; Canada invests in training for workers in net zero economy; Biden-Harris announces $550 million to advance environmental justice; BMW to source aluminium from sustainable production in Canada; IEA report tells energy firms they have ‘no excuse’ as emissions rise…
See below for the highlights of the past week:
Sustainability Goals, Initiatives and Achievements
- BMW Group to Source Aluminium from Sustainable Production in Canada from 2024
- Partnership for Carbon Transparency Releases Updated Technical Specifications for Standardized Exchange of Emissions Data
- Bell 505 Becomes World’s First Single Engine Helicopter to Fly Using 100% Sustainable Aviation Fuel
- Victoria’s Secret Launches Recycled Bra Line With Plant-Based Pads
- TotalEnergies Signs Renewable Power Purchase Agreements with Sasol and Air Liquide
- Eni and Saipem Sign MoU for the Use of Renewable Fuels on Naval Fleet
- Nissan Among the First to Trial All-Electric, Heavy-Duty Trucks for New Vehicle Deliveries
Executive Moves
ESG Around the World
- India, UK, US Team with WBCSD to Support Transition to Zero-Emission Vehicles in India
- Indonesia Launches Carbon Trading Mechanism for Coal Power Plants
- Government of Canada Invests in Training for Workers in a Net Zero Economy
- EIB Group Signs €250 Million in New Financial Support for Cyprus Climate Action
- Spain Provides €100 Million Guarantee for a World Bank Project to Repair Health Infrastructure in Ukraine
- EU Commission Approves €1.1 Billion German Scheme to Support Rail Transport Operators Using Electric Traction
Government & Regulators
- U.S. DOE Announces New Actions To Accelerate Floating Offshore Wind Deployment
- U.S. DOE Announces $68 Million For Small Businesses to Cut Emissions and Study Climate
- Biden-Harris Administration Announces $550 Million to Advance Environmental Justice
- Department of Energy Announces $2.5 Billion to Cut Pollution and Deliver Economic Benefits to Communities Across the Nation
ESG Services & Tools
- Toyota EV Incentive Finder Powered by EV Life Helps Customers Find Incentives, Tax Credits and More
- ESG Book’s Sustainability and Emissions Data Now Available through Rimes
ESG Investing
- NextPower UK ESG Fund Closes at £595 Million
- United Airlines Launches $100+ Million Sustainable Flight Fund
- UK Green Hydrogen Pioneer GeoPura Secures £36 Million Investment from GM, Barclays
- Sasol Launches Venture Capital Fund to Advance Decarbonization Ambitions
- Tokyo Gas Cuts Shareholder Returns to Invest in Decarbonization
Sustainable Finance
- Joo Group Receives €100 Million EIB Green Loan for New High-Energy Performance Residential Buildings
- EIB and PackBenefit Sign €13 Million Venture Debt Agreement for Sustainable Food Packaging Technology
Energy Transition
- EIB and Motor Oil Hellas Agree to Develop a Network of EV Charging and Hydrogen Stations
- Cespa and ACE Terminal Team to Create Green Hydrogen Supply Chain from Spain to the Netherlands
- Chevron Signs MOU with Egypt to Reduce Methane Emissions
Social Responsibility & DEI
- The PepsiCo Foundation and Doritos SOLID BLACK Invest in 16 Nonprofit Leaders for Black Changemakers Program
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