March 2023 Week-2; Study Says Climate Change To Cost Germany up to 900 Billion Euros by 2050; U.S. DOE Announces $6 Billion To Reduce Industrial Emissions and Create Healthier Communities; Canada Issues Final Guidelines for Banks on Climate Risk Management; Purolator to Invest $1 Billion for Fleet Decarbonization to Reach 2030 Emissions Goals; VF Corporation Closes Second €500 Million Green Bond To Support Key Sustainability Initiatives; IBM and EY Team to Address Complex ESG Challenges and Drive Value-Led Sustainability; TD Launches New ESG-Focused TD North American Sustainability Bond Fund; Credit Suisse Expands Sustainability Offering for Corporate Clients…

See below for the highlights of the past week:

Sustainability Goals, Initiatives and Achievements

• Credit Suisse Expands Sustainability Offering for Corporate Clients
• Grove Co. Launches New Limited Edition Sustainable Home Care Essentials with Drew Barrymore
• IBM and EY Team to Address Complex ESG Challenges and Drive Value-Led Sustainability
• Verizon Announces Year 2 of Climate Resilience Prize to Advance Innovation for Climate-Tech Solutions
• ENGIE, CEVA Logistics and SANEF Launch Alliance to Decarbonize Road Freight Transport
• Schneider Electric Debuts First Annual Sustainability Impact Awards
• ESG Book Announces Strategic Partnership with BDO Sunghyun Korea
• Etisalat by e& Chooses IBM To Help Operationalize Sustainability Across Their Businesses

Executive Moves

• Cedo Appoints Martin Burdekin as New Group Sustainability Director
• EY Appoints Michelle T. Davies as Global Sustainability Legal Services Leader
• ClearFlame Engine Technologies Appoints Cathy Choi as Vice President of Engineering and Chief Sustainability Officer

ESG Around the World

• EIB, Credit Agricole CIB, Natixis CIB, and Reden Agree to €264 Million Deal to Finance One of the Largest Solar-Plant Portfolios
• Study Says Climate Change To Cost Germany up to 900 Billion Euros by 2050
• Canada Issues Final Guidelines for Banks on Climate Risk Management
• South Korea Pension Fund to Consider Climate Change in Management Work
• African Development Bank Issues AUD 50 million 15-year Kangaroo Green Bond due March 2038
• World Bank Approves $12 Million for New Solar Power Plants in Uzbekistan
• EIB and Afreximbank Launch €200 Million Africa Health Resilience Investment Initiative
• World Bank Approves $160 Million for Serbia’s Transition to a Greener Economy
• EU Agrees to Stronger Rules to Boost Energy Efficiency

Government & Regulators

• U.S. DOE Announces $6 Billion To Reduce Industrial Emissions and Create Healthier Communities
• U.S. DOE and Environmental Protection Agency Partner to Support Reliable Electricity

ESG Services & Tools

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ESG Investing

• TotalEnergies Invests in Renewable Energies with Biogas and Solar Projects
• EU Invests More Than €116 Million in Nature, Environment and Climate Strategic Projects
• Purolator To Invest $1 Billion for Fleet Decarbonization To Reach 2030 Emissions Goals

Sustainable Finance

• VF Corporation Closes Second €500 Million Green Bond To Support Key Sustainability Initiatives
• Stevanato Group Secures €130 Million ESG-Linked Financing to Support Sustainable Global Growth
• ClearFlame Engine Technologies Raises $30 Million for Clean and Renewable Fuels
• TD Launches New ESG-Focused TD North American Sustainability Bond Fund

Energy Transition

• Baker Hughes and HIF Global to Collaborate on Carbon Capture Technology
• Cummins Launches ‘Accelera’ to Advance the Transition to a Zero-Emissions Future
• Mitsubishi Motors to Sell Only EVs, Hybrids by Mid-2030s

Social Responsibility & DEI

• Union Pacific Showcases DE&I Leadership with Majority-Diverse Board
• Bank of America, Seneca Women Launch Marketplace for Women Entrepreneurs

ESG Reporting

• RBC Publishes 2022 ESG Performance and Climate Reports
• UBS Publishes 2022 Sustainability Report
• Study Finds Organizations are Aligning For SEC’s Climate Proposal Requirements
• PwC and Workiva Survey Finds Leaders Moving Forward with Climate Disclosures Regardless of Final SEC Ruling

ESG Events