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ESG: Key News Worldwide

July 31, 2021

An Overview:
Out of 200+ global ESG news comprehensively compiled and curated in last 24 hours from global as well as regional and local news media, presented here are 25 key news listed by company/institute name; along with its details such as website, type of company/institute, industry, and stock exchange/ticker/market capitalization group (if listed company). Also provided is the news source link, news date and news type description for each news.

Companies/Institutes included:
Altech Chemicals Limited | ArcelorMittal S.A. | Arnold Bloch Leibler | BlackRock, Inc | Ceconomy AG | Compass Datacenters, LLC | Copenhagen Infrastructure Partners | Cross River Infrastructure Partners LLC | Endesa SA | Eni S.p.A. | Forescite, Inc. | Intesa Sanpaolo SpA | KORE Mining Ltd. | Lion Corporation | Lululemon Athletica Inc | Merck KGaA | Mologic Ltd | Multi Investment Corporation | Nippon Yusen Kabushiki Kaisha | Petrofac Limited | Pladis Global | Qingdao Metro Group Co., Ltd | Snam SpA | Suez SA | Torrent Power Ltd |

    1. Altech Chemicals Limited, Australia [ website , Chemicals , ASX: ATC  , MicroCap ]
    Altech’s listed green bonds move to its final stages - Altech Chemicals Limited has announced that the preparations for the listed green bonds offering of $144 million, which will provide financial support for the company’s Malaysian High Purity Alumina (HPA) project, has now moved into its final stages. The project is expected to produce a 49% lower carbon footprint in comparison to conventional HPA. More... (July 30, 2021) (Sustainability-linked Bonds)
    2. ArcelorMittal S.A., Luxembourg [ website , Metals , AMS: MT , LargeCap ]
    ArcelorMittal and the Government of Canada announce investment of CAD$1.765 billion in decarbonization technologies in Canada - ArcelorMittal has announced with the Government of Canada its intention for a CAD$1.765 billion investment in decarbonization technologies at ArcelorMittal Dofasco’s plant in Hamilton. The intended investments will reduce annual CO2 emissions at ArcelorMittal’s Hamilton, Ontario operations by approximately 3 million tonnes, which represents approximately 60% of emissions, within the next seven years. More... (July 30, 2021) (Green Investment)
    3. Arnold Bloch Leibler, Australia [ website , Commercial Services , Privately-Owned Company ]
    Clean Energy Finance Corporation’s JV with Octopus Australia - Arnold Bloch Leibler has acted for Clean Energy Finance Corporation on a joint venture with Octopus Australia in relation to the development of two large-scale solar and battery storage projects in regional Victoria, with a combined capacity of 124 MW. More... (July 30, 2021) (ESG Collaborations)
    4. BlackRock, Inc, United States [ website , Diversified Financial Services , NYSE: BLK , LargeCap ]
    BlackRock Launches First Liquid ESG Equity Alternative Fund in Europe - BlackRock has introduced its first ESG liquid alternative strategy, the Systematic ESG Equity Absolute Return Fund (SEEAR), which aims to provide investors with positive absolute returns with limited correlation to market movements, consistent with ESG-focused investing. More... (July 30, 2021) (ESG Equity Funds)
    5. Ceconomy AG, Germany [ website , Electronics , DE: CEC , LargeCap ]
    Ceconomy AG settles post-pandemic financing structure: Existing KfW syndicated loan agreement replaced by ESG-linked syndicated credit facilities - Ceconomy AG has settled its post-pandemic financing structure with the termination of its syndicated revolving loan agreement with the participation of KfW and implementation of its new ESG-linked syndicated revolving credit facilities. More... (July 30, 2021) (Sustainable Loans and Financing)
    6. Compass Datacenters, LLC, United States [ website , Real Estate , Privately-Owned Company ]
    Compass Datacenters built upon eco-friendly concrete - Compass Datacenters is rolling out $3 billion in new campuses across North America and the concrete in the buildings will use technology invented by a Canadian firm that injects re-captured industrial CO2 into the manufacturing process. More... (July 30, 2021) (Green Products & Services)
    7. Copenhagen Infrastructure Partners, Denmark [ website , Diversified Financial Services , Privately-Owned Company ]
    Copenhagen Infrastructure Partners Commits $100 Mn to Renewable Energy Investments with Amp Energy India To Enable Addition of ~1.7 GWp of Utility and C&I Renewable Energy Projects - Copenhagen Infrastructure Partners (CIP), among the largest renewable energy focused fund managers globally, has signed an investment agreement through its Copenhagen Infrastructure New Markets Fund I (CI NMF) with Amp Energy India Private Limited. More... (July 31, 2021) (ESG Collaborations)
    8. Cross River Infrastructure Partners LLC, United States [ website , Commercial Services , Privately-Owned Company ]
    Cross Carbon Ventures Announces Formation of Carbon Capture Development Partnership - Cross River Infrastructure Partners LLC, and OTS Ltd., have entered into a commercial Memorandum of Understanding that establishes Cross Carbon Ventures (CCV), an independent carbon capture development partnership. CCV will explore commercial opportunities in North America to develop, build, own and operate carbon capture projects for carbon intensive industries seeking to decarbonize their operations. More... (July 30, 2021) (ESG Collaborations)
    9. Endesa SA, Spain [ website , Oil, Gas & Power , BME: ELE , LargeCap ]
    Endesa buys 900 MW of solar projects in Spain from Prodiel - Endesa SA has acquired a 900-MW portfolio of solar PV projects in Spain from compatriot Prodiel SL, a Seville-based renewables contractor and developer. More... (July 30, 2021) (ESG Acquisitions)
    10. Eni S.p.A., Italy [ website , Oil, Gas & Power , BIT: ENI , LargeCap ]
    Eni and BASF launch joint R&D initiative to reduce the CO2 footprint of the transportation sector - Eni and BASF have signed a strategic agreement on a joint R&D initiative to reduce the CO2 footprint of the transportation sector. The cooperation aims to develop a new technology to produce advanced bio-propanol from glycerin, a side stream of the production of industrial biodiesel (FAME, fatty acid methyl ester), that Eni will purchase from European producers. More... (July 30, 2021) (ESG Collaborations)
    11. Forescite, Inc., United States [ website , Information & Communication Technology , Privately-Owned Company ]
    ForeSCITE, an AI-Powered Investing App Supporting Impact and ESG Investing - ForeSCITE, an AI-powered investing platform, has launched an investing trading assistant mobile application that reads company ESG and provides investors with AI based ESG scores for investment portfolios and individual accounts.. The application's ForeSCITE ESG Dashboard ranks companies based on three pillars: environment, social and corporate governance. More... (July 30, 2021) (ESG Technology)
    12. Intesa Sanpaolo SpA, Italy [ website , Banks , BIT: ISP , LargeCap ]
    Intesa Sanpaolo S p A : provides financing to pastificio Garofalo for sustainable development - Intesa Sanpaolo and Pastificio Lucio Garofalo - have signed a facility agreement for an amount of €25 million aimed at achieving specific sustainability targets. The transaction, structured by Intesa Sanpaolo's IMI Corporate & Investment Banking Division, headed by Mauro Micillo, consists of a six-year credit line with a fixed interest rate and is characterised by a pricing mechanism linked to the achievement of specific ESG (Environmental, Social, Governance) targets. More... (July 30, 2021) (Sustainable Loans and Financing)
    13. KORE Mining Ltd., Canada [ website , Metal Mining , CVE: KORE , SmallCap ]
    Kore Mining Enhances Environmental, Social and Governance Practices and Grants Annual Incentives - KORE Mining Ltd. is pleased to announce its Board of Directors has formed a new Board Committee, the Environmental, Health, Safety and Sustainability Committee ("Committee") to oversee KORE's environmental, social and governance ("ESG") practices. The scope of the Committee will include safety, health, sustainability, community and social considerations, environment and the governance of those issues. More... (July 30, 2021) (Sustainable Strategies)
    14. Lion Corporation, Japan [ website , Home Appliances/ Furnishing/ Personal Goods , TYO: 4912 , LargeCap ]
    Lion : Included in Leading ESG Investment Indices FTSE4Good Index Series and FTSE Blossom Japan Index - Lion Corporation has once again been selected for inclusion in the leading ESG investment indices, the FTSE4Good Index Series and the FTSE Blossom Japan Index. Lion has been included in the FTSE4Good Index Series for 14 consecutive years, and in the FTSE Blossom Index for five consecutive years. More... (July 30, 2021) (ESG Indexes)
    15. Lululemon Athletica Inc, Canada [ website , Wholesaler/Retailers , NASDAQ: LULU , LargeCap ]
    Lululemon and LanzaTech are reshaping carbon waste into fabric - One of Lululemon’s goals is to make 100 per cent of its products with sustainable materials and end-of-use solutions, toward a circular ecosystem by 2030. LanzaTech, a carbon recycling tech company, views addressing those industrial emissions as an opportunity. It uses CO2 as a feedstock to create products. And in its announced partnership with athletic apparel company Lululemon, it's creating yarn and fabric using recycled carbon emissions. More... (July 30, 2021) (Sustainable Product Initiatives)
    16. Merck KGaA, Germany [ website , Chemicals , ETR:  MRK , LargeCap ]
    Merck and TU Darmstadt support four visionary sustainability projects - Merck and the Technical University of Darmstadt (TU Darmstadt) announced that they were extending their long-standing research collaboration for five more years and aligning it with the topic of sustainability. The Sustainability Hub is a joint research platform, which started promoting visionary sustainability projects as of the second half of the year in the following four areas Circular economy,Digital sustainability,Responsible handling of raw materials and new alternatives,Innovative processes and procedures inspired by biology More... (July 30, 2021) (ESG Collaborations)
    17. Mologic Ltd, United Kingdom [ website , Biotechnology , Privately-Owned Company ]
    British Diagnostics Biotech Becomes Social Enterprise After Acquisition - UK rapid diagnostics company Mologic will convert into a social enterprise after being acquired by a group of philanthropic funds and investors, in what experts predict may become an increasingly popular trend. The British biotech Mologic will entirely reinvest any profits into widening global access to affordable medical technology after being acquired in a deal worth at least €35M (£30M). Following the takeover, Mologic will become part of Global Access Health (GAH)—an altruistic initiative led by George Soros’ Economic Development Fund (SEDF) and supported by the Bill and Melinda Gates Foundation. More... (July 30, 2021) (ESG Acquisitions)
    18. Multi Investment Corporation, Guatemala [ website , Conglomerate , Privately-Owned Company ]
    Corporación Multi Inversiones Issues The Largest Green Bond In Central America - Investment Energy Resources Limited (IERL), a subsidiary of the Guatemalan Corporación Multi Inversiones, has obtained financing worth $1 billion. The owner of the assets of the centennial group’s energy business debuted in the international market with an issue of senior bonds guaranteed for $700 million, with a coupon rate of 6.25% and maturity in 2029.  More... (July 30, 2021) (Sustainability-linked Bonds)
    19. Nippon Yusen Kabushiki Kaisha, Japan [ website , Air Freight & Logistics , TYO: 9101 , LargeCap ]
    Asia Pacific: Nyk issues first ‘Transition Bonds’ in Japan - Shipowner NYK has announced that it issued its first ‘transition bonds’ in the Japanese domestic market – becoming Japan’s first company to do so. A transition bond is one in which the proceeds are used for the purpose of funding projects that contribute to the company's long-term transition strategy to reduce greenhouse gas (GHG) emissions by introducing low carbon, decarbonisation solutions. More... (July 30, 2021) (Sustainability-linked Bonds)
    20. Petrofac Limited, United Kingdom [ website , Oil, Gas & Power , LON: PFC , MidCap ]
    Petrofac Builds Direct Air Capture into its Net Zero plan - Leading international service provider to the energy sectors Petrofac announced that it has become the first company to sign a Memorandum of Understanding as a customer for Storegga’s proposed UK-based, large scale Direct Air Captur facility. Petrofac has committed to purchase the permanent removal of carbon dioxide from the atmosphere at the facility, delivering a key tool to supplement existing decarbonisation initiatives in support of its Net Zero goals. More... (July 30, 2021) (ESG Collaborations)
    21. Pladis Global, United Kingdom [ website , Food/Beverages , Privately-Owned Company ]
    Sonoco Products : Pladis Further Boosts Sustainability Credentials Through Sonoco's Fully Recyclable EnviroCan™ with Paperboard End - Pladis, the global snack company behind some of the UK's most loved and iconic brands, has been on a mission to substantially reduce its environmental impact by updating the packaging of various products to more ecological alternatives. This is part of the company's sustainability agenda, which reflects its commitment to making all its packaging recyclable, reusable or compostable by 2025. Most recently, Pladis has made steps forward to move toward more paper-based solutions - its Mini Cheddars and Cheeselets ranges now use Sonoco's EnviroCanTM with paperboard end. Cracker Crisps and Mini Twiglets are also set to use EnviroCanTM later this year. More... (July 30, 2021) (ESG Circular Economy)
    22. Qingdao Metro Group Co., Ltd, China [ website , Real Estate , Privately-Owned Company ]
    China - JunHe Assisted Qingdao Metro In Successfully Issuing The First Carbon Neutral Bonds In Shandong Province. - Qingdao Metro Group Co., Ltd. successfully issued the second phase of its 2021 green medium-term notes. As the first carbon-neutral bond to be issued in  Shandong Province, this project attracted wide attention from investors. The project raised 4.2 times of funds at the end, with a coupon rate of 3.58%, hitting a record low for bonds of the same maturity in the Shandong market since 2021. More... (July 31, 2021) (Sustainability-linked Bonds)
    23. Snam SpA, Italy [ website , Oil, Gas & Power , BIT: SRG , LargeCap ]
    Blog post: Snam invests in technology and innovation to promote the Energy Transition - The inauguration of Snam's first district of the future in Bologna represents an important milestone in the plan to digitise the Group's activities, which envisages 500 million euros in investments by 2024. A plan that is an integral part of Snam's ESG objectives, from safety to energy efficiency, which have been included in the 2021-2023 ESG Scorecard on the sustainable actions of the Group - which is also committed to the progressive reduction of emissions up to carbon neutrality in 2040. More... (July 30, 2021) (Green Investment)
    24. Suez SA, France [ website , Oil, Gas & Power , EPA: SEV , LargeCap ]
    SUEZ Circular Polymer plastic recycling plant becomes Thailand's first recycled plastics processor accredited by PCX - The SUEZ Circular Polymer (SCP) plastic recycling plant in Bang Phli, Thailand, has been officially accredited by the Plastic Credit Exchange (PCX) plastic offset platform. The plant is the first processor in Thailand to be recognised by PCX. More... (July 30, 2021) (ESG Awards)
    25. Torrent Power Ltd, India [ website , Oil, Gas & Power , BSE: 532779 , LargeCap ]
    Torrent Power to acquire 50 MW solar power plant from Lightsource - Torrent Power said it has inked an agreement with Lightsource India Ltd and Lightsource Renewable Energy Ltd for acquisition of a 50 MW solar plant. The enterprise value for the deal is around Rs 317 crore. With the acquisition of the 50 MW solar power plant, Torrent's total generation capacity, including under construction portfolio, will exceed 4.7 GW with renewable portfolio of more than 1.6 GW. More... (July 31, 2021) (ESG Acquisitions)

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Disclaimer - ESG: Key News Worldwide is based on public domain information believed to be reliable, but no warranties are provided.