March 2023 Week-1; EDP unveils €25 billion for renewable energy; Washington to impose limit on GHG emissions for companies; EIB study finds €6.7 billion investment gap to meet Europe’s recycling targets; Essar launches EET to invest $3.6 billion for energy transition; JetBlue partners with CHOOOSE to scale the sustainability of air travel; S&P Dow Jones Indices launches the S&P GSCI Climate Aware Index; Enbridge commits $1 billion to food waste to energy company ‘Divert’…

See below for the highlights of the past week:

Sustainability Goals, Initiatives and Achievements

• JetBlue Partners With CHOOOSE, Giving Customers the Tools to Help Scale the Sustainability of Air Travel
• BMW Group Launches Pilot Hydrogen Fuel Cell Vehicle Fleet
• Citi Pledges to Cut Emissions for More Sectors Including Coal Mining
• Deutsche Bank Announces Additional Measures to Reinforce Net Zero Commitment
• Iberdrola Signs Strategic Alliance with bp to Accelerate the Deployment of Electric Mobility

Executive Moves

• Volkswagen Appoints Nicole Mommsen as Head of Global Communications and Sustainability at Group Technology
• Advanced Materials Company Lyten Names Keith Norman as Chief Sustainability Officer
• Persefoni Appoints Kristina Wyatt as Chief Sustainability Officer

ESG Around the World

• Essar Launches EET to Invest $3.6 Billion in Energy Transition in the UK and India
• World Bank’s IFC and Sococim Partner for €242 Million to Boost Low-Carbon Cement Production in Senegal
• EU Commission Approves €89.6 Million Hungarian Investment Aid to Samsung SDI’s EV Battery Plant
• EU’s Environment Committee Agree to Reduction of GHG Emissions to Contribute to EU’s Climate Neutrality Goal
• European Investment Bank and Kenya Strengthen Green Hydrogen Cooperation
• EU Announces €816.5 Million Worth of Commitments to Protect the Ocean
• Marubeni and PIF Team for the Development of a Clean Hydrogen Project in Saudi Arabia
• EU Launches New Cooperation Programmes with Morocco Worth €624 Million for Green Transition

Government & Regulators

• Washington to Impose Limit on Greenhouse Gas Emissions for Companies
• EU Legislators Strike Deal on New Standard to Fight Greenwashing in the Bond Markets
• U.S. EPA Announces Over $250 Million to Fund Innovative Projects That Tackle Climate Pollution
• U. S. Steel and CarbonFree Team to Capture CO2 Emissions at One of the Largest Integrated Steel Mills in North America

ESG Services & Tools

• S&P Dow Jones Indices Introduces Environmental Metrics for Commodities with the Launch of the S&P GSCI Climate Aware Index
• Apex Group Launches the First Verified ESG Benchmarking Database for the Private Markets

ESG Investing

• U.S. DOE Invests $315 Million to Advance Reliable Clean Energy in Rural and Remote Communities
• EDP Unveils €25 Billion Investment Plan Focused on Renewable Energy and Supporting Net Zero Targets

Sustainable Finance

• Li-Cycle Receives $375 Million from the U.S. DOE for New York Recycling Plant
• Teva Announces Launch of $2 Billion (Equivalent) Offering of Sustainability-Linked Senior Notes
• Enbridge Commits $1 Billion to Food Waste to Energy Company, Divert

Energy Transition

• U.S. Department of State, Bezos Earth Fund, and The Rockefeller Foundation Convene Energy Transition Accelerator High-Level Consultative Group
• University of Kansas Opens Welcome Center Powered by Renewable Energy Infrastructure from Black & Veatch
• bp Launches Plans for Low-Carbon Green Hydrogen Cluster in Spain’s Valencia Region
• USPS Moves Forward with Awards to Modernize and Electrify the Nation’s Largest Federal Fleet
• Mercedes-Benz Begins Building Battery Recycling Factory in Southern Germany

Social Responsibility & DEI

• TD Awards $10 Million to 10 Canadian and American Organizations Focused on Addressing the Challenges of Climate Change

ESG Reporting

• IBM and Chief Study Finds Women in Leadership Pipeline has Hollowed Out in the Middle
• EIB Study Finds At Least €6.7 Billion Investment Gap To Meet Europe’s Plastics Recycling Targets

ESG Events