ESG News

07/17/2023

For the Third Consecutive Year, Heinz Commits $1 Million in Grants to Support Black-Owned Food Businesses

“We’re proud to continue our partnership with The LEE Initiative and SRRJ. We’ve heard from past recipients just how impactful the grants have been in supporting their businesses across the country, and we are thrilled to provide another $1 million in grants in 2023.” - Megan (Magnuson) Lang, Director of Brand Communications, HEINZ

As a brand that’s been on tables for over 150 years, HEINZ recognizes the critical way America’s Black-owned food businesses continuously shape the nation’s culinary culture. HEINZ, The LEE Initiative, and Southern Restaurants for Racial Justice (SRRJ), announce that they will provide an addit...

07/17/2023

Securian Financial Names Michael Dominowski as Head of Sustainability -

“Mike Dominowski’s proven history of achieving corporate responsibility and business goals for fellow large Minnesota-based corporations makes him the perfect person to lead Securian Financial’s sustainability initiatives moving forward.” - Renee Montz, Securian Financial senior vice president, general counsel and corporate secretary

Mike Dominowski has joined Securian Financial as its first head of sustainability, reporting to Renee Montz, Securian Financial senior vice president, general counsel and corporate secretary.

07/17/2023

U.S. Environmental Protection Agency Launches $20 Billion 'Climate Bank' Programs To Curb Climate Change -

“The President and I set ambitious goals to cut our greenhouse gas emissions by half by 2030 and reach net-zero emissions by 2050—the investments announced today move our nation towards achieving these goals and a cleaner, healthier future for generations to come” - Vice President Kamala Harris

Listen to this story: EPA seeking applications to two Greenhouse Gas Reduction Fund competitions to advance clean technology projects in communities across the country The U.S. Environmental Protection Agency (EPA)...

07/14/2023

American Airlines Releases 2022 Sustainability Report -

“Over the past year, American has worked tirelessly to fly more and bring people together again. I'm deeply proud of our team for building back our airline, developing a pipeline of new and diverse talent and advancing our climate goals — all while remaining steadfastly committed to our why: caring for people on life's journey.” - American's CEO Robert Isom

Listen to this story: American Airlines issued its 2022 Sustainability Report, providing updates on the company’s strategy and progress on key issues over the year. The report affirms American’s focus on...

07/14/2023

European Investment Bank To Announce €800 Million for Climate Action Projects in Argentina, Brazil and Chile -

Listen to this story: During the European Union-Community of Latin American and Caribbean States (CELAC) Summit of Heads of State and Government, the European Investment Bank (EIB) will announce the signature...

07/13/2023

RMI Report: Wind and Solar To Produce Over a Third of Global Power by 2030 -

“The exponential growth trend in renewable electricity can be harnessed to help developing countries get ahead of the curve and transition faster to a cleaner and more affordable electricity system” - Andrew Steer, President and CEO of the Bezos Earth Fund

Bezos Earth Fund International Energy Agency (IEA)

https://esgnews.com/rmi-report-wind-and-solar-to-produce-over-a-third-of-global-power-by-2030/

Rapid growth in solar, wind and battery deployment means that by 2030 the global electricity system can deliver ambitious net-zero pathways, according to new research by RMI done in partnership with the Bezos Earth Fund.

07/13/2023

U.S. Department of Agriculture Commits $300 Million To Measuring Farm Emissions -

”This new investment by USDA in improving data and measurement of greenhouse gas emissions – made possible through President Biden’s Investing in America agenda – is unmatched in its scope and potential to increase accuracy, reduce uncertainty and enhance overall confidence in these estimates. We’re data driven, and we seek continuous improvement in our climate-smart agriculture and forestry efforts.” - Agriculture Secretary Thomas Vilsack



https://esgnews.com/usda-commits-300-million-to-measuring-farm-emissions/

Agriculture Secretary Tom Vilsack announced the U.S. Department of Agriculture (USDA) will invest $300 million through President Biden’s Investing in America agenda to improve measurement, monitoring, reporting and verification of greenhouse gas emissions and carbon sequestration in climate-smart ...

07/13/2023

Apple Helps Accelerate Clean Energy Innovation in India with Acumen -

“Apple is committed to helping ensure everyone can share in the benefits of a greener economy. We’re demonstrating the transformative potential of clean energy in everything we do, and excited to support social innovators who share that goal.” - Sarah Chandler, Apple’s vice president of Environment and Supply Chain Innovation



https://esgnews.com/apple-helps-accelerate-clean-energy-innovation-in-india-with-acumen/

Apple joined Acumen in a new effort to support social enterprises in India to improve livelihoods through clean energy innovation. Through the Energy for Livelihoods Accelerator, Acumen experts will lead a 12-week program designed to help social entrepreneurs scale and refine their businesses to tra...

07/13/2023

The Coca-Cola Company and Eight Leading Bottling Partners Announce Creation of $137.7 Million Sustainability-Focused Venture Capital Fund -

“This fund offers an opportunity to pioneer innovative solutions and help scale them quickly within the Coca-Cola system and across the industry. We expect to benefit from getting access to emerging technology and science for sustainability and carbon reduction.” - John Murphy, President and Chief Financial Officer of The Coca-Cola Company

Greycroft

https://esgnews.com/the-coca-cola-company-and-eight-leading-bottling-partners-announce-creation-of-137-7-million-sustainability-focused-venture-capital-fund/

07/13/2023

Canada Announces $450 Million for UN Green Climate Fund -

“Canada remains committed to ensuring the Green Climate Fund leverages private and innovative finance to strengthen climate mitigation and adaptation, addresses biodiversity loss through nature-based solutions, reduces disaster risk, and improves food systems where the need is greatest, particularly in Small Island Developing States, Least Developed Countries, and African States.” - The Honourable Harjit S. Sajjan, Minister of International Development and Minister responsible for the Pacific Economic Development Agency of Canada



https://esgnews.com/canada-announces-450-million-for-un-green-climate-fund/

Ahead of the seventh Ministerial on Climate Action, the Honourable Steven Guilbeault, Minister of Environment and Climate Change, on behalf of the Honourable Harjit S. Sajjan, Minister of International Development and Minister responsible for the Pacific Economic Development Agency of Canada, announ...

07/12/2023

Iberdrola and Vodafone it Sign European Solar PPA To Deliver Clean Energy in Germany, Portugal and Spain -

“As a global developer of clean energy, we have the projects around the world that allow us to support multinational companies like Vodafone who are committed to sustainability right across their business operations. Agreements with progressive businesses like Vodafone are increasingly important in allowing new renewables projects to be built, and we now look forward to accelerating the delivery of these solar PV plants.” - Aitor Moso, Global Clients Director of Iberdrola



https://esgnews.com/iberdrola-and-vodafone-sign-european-solar-ppa-to-deliver-clean-energy-in-germany-portugal-and-spain/

Iberdrola, one of the world’s largest renewable energy companies, and Vodafone, the largest pan-European and African telecoms company, have signed new clean PPA in Spain and Portugal, adding to a recent agreement in Germany.

07/12/2023

Delta Air Lines Appoints Amelia DeLuca as Chief Sustainability Officer -

“We have an industry-leading strategy for reaching net-zero emissions and a more sustainable future of travel, and I’m looking forward to the work of making sure every Delta employee knows how their work and efforts contribute to our journey.” - Amelia DeLuca, New Chief Sustainability Officer, Delta Air Lines



https://esgnews.com/delta-appoints-amelia-deluca-as-chief-sustainability-officer/

Amelia DeLuca will return to Delta's Global Sustainability team as Chief Sustainability Officer, leading the airline on its journey to reach net-zero emissions by 2050 and deliver a more sustainable and elevated travel experience along the way.

07/12/2023

Lowe's Home Improvement Releases 2022 Corporate Responsibility Report -

"At Lowe's, we take pride in being one of the most trusted brands in America, and I'm grateful for the 300,000 associates whose hard work and dedication make that possible. We have a responsibility to the customers and communities we serve, and this report not only reflects our efforts and advancements but also our culture of continuous improvement." - Marvin Ellison, Lowe's chairman and CEO



https://esgnews.com/lowes-releases-2022-corporate-responsibility-report/

Lowe's 2022 Corporate Responsibility Report details the company's advancements in product sustainability, operational excellence and community support, demonstrating Lowe's commitment to corporate citizenship.

07/12/2023

LeapFrog Investments To Commit Over $500 Million To Climate Solutions for 50 Million Low-Income People -

“Helping emerging economies in Africa and Asia to tackle climate change is one of the only ways we will ensure children across the globe grow up on a planet that is fit and safe for them.“ - Energy Security Secretary Grant Shapps



https://esgnews.com/leapfrog-to-commit-over-500-million-to-climate-solutions-for-50-million-low-income-people/

LeapFrog Investments, the Profit with Purpose firm, plans to commit US$500m to companies combating climate change in Africa and Asia, providing green tools and technologies to 50 million low-income people.

07/11/2023

State Street Appoints Jessica Donohue to Head of Global Investment Insights, Sustainability and Impact -

“Jessica’s background in research and investment-related insights, coupled with her deep understanding of clients’ unique challenges and the market overall is precisely what our clients need as we continue to deliver as their essential partner.” - Lou Maiuri, president, chief operating officer, and head of Investment Services



https://esgnews.com/state-street-appoints-jessica-donohue-to-head-of-global-investment-insights-sustainability-and-impact/

State Street Corporation announced that it has appointed Executive Vice President Jessica Donohue as head of Global Investment Insights, Sustainability and Impact. Donohue succeeds Rick Lacaille who announced his retirement earlier this year.

07/11/2023

Energy Market Authority and Asian Development Bank Partner to Promote Clean Energy -

"The clean energy transition demands high-impact collaboration across ASEAN and a diverse range of financing sources. ADB is honoured to partner with EMA in its effort to transform the energy landscape in ASEAN. Investing in clean energy not only puts us on a path to net zero, but it increases prospects for strong and sustainable growth." - Ahmed Saeed, ADB Vice-President for East and Southeast Asia and the Pacific



https://esgnews.com/ema-and-asian-development-bank-partner-to-promote-clean-energy/

The Asian Development Bank (ADB) and Energy Market Authority (EMA) of Singapore have signed a MOU that paves the way for the development of renewable energy generation and transmission across the Association of Southeast Asian Nations region, while supporting the establishment of the ASEAN Power Gri...

07/11/2023

S&P Global Report: Ammonia Market to Triple by 2050 with Nearly All Growth Coming from Low-Carbon Supply -

"Decarbonization policies, including incentives in the U.S. Inflation Reduction Act and the EU's Carbon Border Adjustment Mechanism, are transforming the economic fundamentals of low-carbon ammonia. The transition from concept to reality is already happening." - Seán Mulholland, Director, Agribusiness Consulting, S&P Global Commodity Insights



https://esgnews.com/sp-global-report-ammonia-market-to-triple-by-2050-with-nearly-all-growth-coming-from-low-carbon-supply/

Listen to this story: Global ammonia trade expected to increase ten-fold as demand for low-carbon ammonia used for shipping fuel and power generation transforms market The global market for ammonia...

07/11/2023

OCI Global To Build $1 Billion Plant in Texas To Produce Climate-Friendly Ammonia -



https://esgnews.com/oci-to-build-1-billion-plant-in-texas-to-produce-climate-friendly-ammonia/

Listen to this story: Without a single sales contract in hand, Dutch fertilizer company OCI is building a $1 billion plant in Texas to produce ammonia with low greenhouse gas emissions,...

07/10/2023

Travel + Leisure Co. Names Jon G. Muñoz to the Role of Senior Vice President, Environmental, Social, and Governance



https://esgnews.com/travel-leisure-co-names-jon-g-munoz-to-the-role-of-senior-vice-president-environmental-social-and-governance/

Listen to this story: Travel + Leisure Co., the world’s leading membership and leisure travel company, announced that Jon G. Muñoz joined the company in the role of Senior Vice...

07/10/2023

Volkswagen Appoints Giovanni Palazzo as New Head of Charging and Energy -

"With Giovanni Palazzo, we now have an excellent industry expert and a modern leader in our team who will strengthen the Group's competencies in the energy transition. As an internationally experienced manager, he has the skills to drive global cooperations and innovation partnerships." - Thomas Schmall, Member of the Volkswagen Group Board of Management responsible for Technology and CEO of Volkswagen Group Technology



https://esgnews.com/volkswagen-group-appoints-giovanni-palazzo-as-new-head-of-charging-and-energy/

Listen to this story: Volkswagen Group will continue to drive forward the strategic realignment of the charging and energy business with the new Head of Charging and Energy, Giovanni Palazzo....

07/10/2023

Copenhagen Infrastructure Partners Secures $6 Billion from First Close of Renewable Energy Fund -

“Reaching nearly EUR 6 billion at first close is a testament to the importance of the fund, and the confidence placed in our industrial approach to energy infrastructure investments. With its greenfield focus and large and diversified portfolio, CI V has the potential to significantly contribute to, and accelerate the energy transition on a global scale, while generating strong returns for our investors” - Jakob Baruël Poulsen, Managing Partner at CIP



https://esgnews.com/copenhagen-infrastructure-partners-secures-6-billion-from-first-close-of-renewable-energy-fund/

A large group of leading institutional investors across continental Europe, the Nordics, the UK, North America, and the Asia-Pacific region participated in the first close of CI V. Backed by the strong appetite of additional investors already in process, the fund is on track to reach its target fund...

07/07/2023

International Maritime Organization - IMO Adopts Revised Strategy To Reduce Greenhouse Gas Emissions From International Shipping -

"The adoption of the 2023 IMO Greenhouse Gas Strategy is a monumental development for IMO and opens a new chapter towards maritime decarbonization. At the same time, it is not the end goal, it is in many ways a starting point for the work that needs to intensify even more over the years and decades ahead of us. However, with the Revised Strategy that you have now agreed on, we have a clear direction, a common vision, and ambitious targets to guide us to deliver what the world expects from us." - IMO Secretary-General Kitack Lim



https://esgnews.com/international-maritime-organization-adopts-revised-strategy-to-reduce-greenhouse-gas-emissions-from-international-shipping/

Listen to this story: Member States of the International Maritime Organization (IMO), meeting at the Marine Environment Protection Committee (MEPC 80), have adopted the 2023 IMO Strategy on Reduction of...

07/07/2023

Duke Energy Unveils Kentucky's Largest Utility-Scale Rooftop Solar Site at Amazon.com Air Hub -

"Duke Energy Kentucky has gained a great deal of experience in owning and operating ground-mounted solar since 2017. Located in one of the fastest-growing counties in the Commonwealth, this new rooftop solar site will complement our emerging solar portfolio in the Bluegrass State." - Amy Spiller, president, Duke Energy Ohio and Kentucky



https://esgnews.com/duke-energy-unveils-kentuckys-largest-utility-scale-rooftop-solar-site-at-amazon-air-hub/

Listen to this story: Duke Energy customers in Northern Kentucky are benefiting from additional clean, renewable solar energy as a result of a new utility-scale rooftop solar project now generating power for...

07/06/2023

California, Truck Manufacturers Strike Deal on Emissions Rules to Meet Clean Air Goals -

“The unprecedented collaboration between California regulators and truck manufacturers marks a new era in our zero-emission future, where we work together to address the needs of both the trucking industry and the Californians who deserve to breathe clean air,” “This agreement makes it clear that we have shared goals to tackle pollution and climate change and to ensure the success of the truck owners and operators who provide critical services to California’s economy.” - California Air Resources Board Chair Liane Randolph

California Air Resources Board

https://esgnews.com/california-truck-manufacturers-strike-deal-on-emissions-rules-to-meet-clean-air-goals/

The California Air Resources Board announced a Clean Truck Partnership with the nation’s leading truck manufacturers and the Truck and Engine Manufacturers Association that advances the development of zero-emission vehicles for the commercial trucking industry, which includes flexibility for manuf...

07/06/2023

DHL Express Helps Law Firm Linklaters Cut Carbon Emissions Using Sustainable Aviation Fuel -

"Sustainability is increasingly becoming an important part of the business for most of our customers. Companies are now more committed than ever to reducing their environmental impact, thus it is important that we provide them with feasible solutions to do so. SAF is our key lever to improve carbon emissions, and we are proud to be the first global express courier to enable our customers to do." - Ken Lee, CEO DHL Express Asia Pacific



https://esgnews.com/dhl-express-helps-law-firm-linklaters-cut-carbon-emissions-using-sustainable-aviation-fuel/

Listen to this story: DHL Express, the world’s leading international express service provider, has onboarded new customer, Linklaters, on its GoGreen Plus service to reduce carbon emissions for its time-definite...

07/06/2023

bp Invests $10 Million in WasteFuel to Produce Low Carbon Fuels -

“WasteFuel projects will look to help with the growing volumes of global waste, whilst advancing the development of lower carbon solutions for hard-to-abate sectors. Achieving decarbonization in shipping will require a step-change, and biofuels have a key role to play in helping the industry to decarbonize. We look forward to working together on WasteFuel’s next stage of growth and market development.” - Gareth Burns, vice president bp ventures



https://esgnews.com/bp-invests-10-million-in-wastefuel-to-produce-low-carbon-fuels/

Listen to this story: bp expanded its investment in bioenergy as bp ventures committed $10 million, leading the Series B investment round, in WasteFuel, a California-based biofuels company that will...

07/05/2023

Volvo Cars Uses ECO Delivery Ocean Solution from Maersk to Reduce its Greenhouse Gas Footprint -

"Volvo Cars and Maersk have both the target to reduce their total greenhouse gas emissions to net zero by 2040. Sharing this ambitious pace in the decarbonisation, we are joining forces to maximise the progress towards net zero supply chains. We are delighted that Volvo Cars have selected our ECO Delivery Ocean solution, because we can reach our goals only together with our customers." - Birna Odefors, Managing Director of Maersk’s Area Nordics



https://esgnews.com/volvo-cars-uses-eco-delivery-ocean-solution-from-maersk-to-reduce-its-greenhouse-gas-footprint/

The Swedish car manufacturer Volvo Cars cooperates with, among others, Maersk to reduce its global greenhouse gas footprint from seaborne logistics. For its decarbonisation product ECO Delivery Ocean, Maersk substitutes fossil fuels on its ships with second generation biodiesel based on waste feedst...

07/05/2023

Amazon.com Rolls Out First Electric Delivery Vans from Rivian in Europe -

“Together, Amazon and Rivian designed and built a state-of-the-art electric vehicle from the ground up, and unlike anything else on the road today. The safety and comfort of our drivers were top of mind for us throughout this process, and we’ve raised the bar on both with the vehicle we are rolling out in Europe.” - Neil Emery, Amazon, Director, Global Fleet & Product



https://esgnews.com/amazon-rolls-out-first-electric-delivery-vans-from-rivian-in-europe/

Listen to this story: More than 300 new electric vans from Rivian will hit the road in Germany in the coming weeks The state-of-the-art vehicles provide drivers with an entirely...

07/05/2023

NextEnergy Capital Raises $480 Million after First Close of Fifth Solar Fund -

“NPV ESG’s first close represents an important milestone as the fund secures strong investor support from the get-go. Utility-scale solar represents a very large investment opportunity set globally, with total spending in 2023 forecast to reach $382bn, and we aim to continue our leadership role in the sector.“ - Michael Bonte-Friedheim, CEO and Founding Partner of NextEnergy Group



https://esgnews.com/nextenergy-capital-raises-480-million-after-first-close-of-fifth-solar-fund/

Listen to this story: NextEnergy Capital, the leading global solar specialist in the renewables sector, is delighted to announce the first close of its fifth investment vehicle NextPower V ESG, a...

07/03/2023

Endesa, ICO and European Investment Bank Sign €500 Million in Sustainability-Linked Financing -

“The signature of the operation is another step forward in ICO’s commitment to the development of sustainable finance — an objective we share with the EIB — to drive the green transition and environmental sustainability. The projects Endesa will develop using the financing signed today will move us forward on the path to decarbonisation, generating positive environmental and social impact.” - ICO Chairman Jose Carlos G.



https://esgnews.com/endesa-ico-and-eib-sign-e500-million-in-sustainability-linked-financing/

Endesa, ICO and the European Investment Bank (EIB) have joined forces once again to boost the rollout of renewable energy in Spain. To this end, Endesa CEO José Bogas, ICO Chairman José Carlos García Quevedo and EIB Director of Operations in Spain and Portugal Gilles Badot, signed two financing o...