ESG News: Week in Review
Jan 2023 Week-3; WEF launches initiative to unlock $3 trillion for climate and nature; UNEP & S&P launch nature risk profile methodology; Fidelity pledges $250 million to support minority students; UN Chief urges “credible” net zero pledges or risk greenwashing; King Charles redirects £1 billion wind farm profits towards “public good”; NASA to invest $425 million to Boeing; Schnitzer Steel named most sustainable company in by Corporate Knights; NextEnergy Capital launches $1.5 billion solar fund; Danone announces plan to reduce emissions; Benjamin Huang appointed Head of Sustainability at Fonda Global; Aussie climate fintech Bloom raises $525,000; €240 million financing secured by Power Capital Renewable Energy;
See below for the highlights of the past week:
Sustainability Goals, Initiatives and Achievements
- Ford Announces New Solar Power Plant Moving Towards Ambitious Sustainability Targets
- Danone Announces Ambitious Plan to Reduce Methane Emissions
- Ethiopia Signs Deal with UAE’s Masdar for 500 MW Solar Plant
- Schnitzer Steel Named Most Sustainable Company in the World by Corporate Knights
- Lenovo Commits to Net Zero Emissions by 2050, Validated by Science Based Targets initiative
Executive Moves
- Benjamin Huang Appointed Head of Sustainability at Fonda Global
- Kohler Co. Appoints Laura Kohler as Company’s First Chief Sustainability and DEI Officer
ESG Around the World
- UN Secretary General Urges “Credible” Net Zero Pledges or Risk Greenwashing at WEF23
- Swedish Prime Minister Outlines Priorities to Make EU Greener, Safer and Freer
- King Charles Redirects £1 Billion Offshore Wind Farm Profits Towards “Public Good”
- World Economic Forum Signs Partnership with Indonesia on Blue Carbon to Support National Climate Goals
- 39 Organizations Pledge to Close Gaps on Global Health Equity at #WEF23
- German Chancellor Scholz Lays Out Roadmap to Climate Neutrality by 2045 at #WEF23
- EU Launches the ‘Coalition of Trade Ministers on Climate’
- India Regulator Opts for Principles-Backed Approach on ESG Ratings
Government & Regulators
ESG Services & Tools
Exec Investing
- Temasek, Toyota Back Climate Biotech Firm Living Carbon
- NextEnergy Capital Launches $1.5 Billion Solar Fund
- Stafford Capital Partners Launches €1.3 Billion Fund Targeting Energy Transition Assets
- Iberdrola, Norges Bank Investment Management to Invest in 1,265 MW of Renewables in Spain
- NASA to Invest $425 Million to Boeing for Sustainable Flight Demonstrator Project
- EU Innovation Fund Grants €108 Million to RWE’s Waste-To-Hydrogen Project FUREC
Sustainable Finance
- €240 Million Financing Facility Secured by Solar Developer Power Capital Renewable Energy
- Aussie Climate Fintech Bloom Raises $525,000 in Seed Financing
- WEF Launches Initiative To Unlock $3 Trillion Needed Each Year for Climate and Nature
- Iberdrola to Issue €1 Billion in Green Hybrid Bond
- UAE’s Masdar to Issue Green Finance Framework Within Weeks
Energy Transition
- GE, IHI to Develop Ammonia-Based Low-Carbon Gas Power Turbines
- IBM and MBZUAI Advance AI for Climate and Culture
- Samsung Announces New Environmental Strategy to Tackle Climate Change
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