Here’s the Daily ESG Digest for November 15th, Tuesday.
1. (Europe) Low Carbon Steel Sourcing. HVAC and climate control solutions company Trane Technologies announced today purchase agreements for low-carbon steel from U.S.-based companies Nucor and U.S. Steel. The agreements will cover 20% of Trane’s annual steel purchases. (Link)
2. (Asia) $20 Billion Investment for Clean Energy Transition. The International Partners Group (IPG), a coalition of countries led by the U.S. and Japan, announced today the launch of a Just Energy Transition Partnership (JETP) with Indonesia, aimed at accelerating and supporting the shift of Indonesia’s power sector to clean energy sources, and mobilizing tens of billions of dollars to finance the transition. (Link)
3. (Global) Supply Chain Emission Reduction. Fashion and design brands company H&M Group announced today a series of funding initiatives aimed at decarbonizing its value chain, including support for suppliers to shift to clean energy and improve energy efficiency. The company said that it has implemented an annual budget of around SEK 3 billion (US$287 million) for projects to reduce emissions across its value chain. (Link)
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