Ford motor company’s (NYSE:F) latest $1.75 billion green bond issue is intended to accelerate its electric vehicle production plans, and coincides with the signing of the Inflation Reduction Act into law, which provides $7,500 credit for EVs made in the USA.
ESG Reporting News
Wells Fargo (NYSE:WSC) has issued its second sustainable bond, raising $2 billion to fund projects in housing, renewables and clean transport.
Responding to the rapid growth in ecommerce deliveries and growing pressure on corporate emissions, DPDgroup has announced its net zero plans. As yet however, its net zero plans are not included in the company's development strategy.
Google parent Alphabet Inc has reported on use of proceeds from an issued $5.75 billion in sustainability linked bonds. It is now the largest corporate issuer of green or sustainability bonds.
Abu Dhabi-based start-up investors Hatch & Boost Ventures has added World Of Farming (WoF) to its portfolio, the company’s first agritech start-up that uses vertical farming and hydroponics to grow livestock feed more sustainably.
Lightsource bp, a 50:50 joint venture between Lightsource and oil and gas major bp (LON:BP), is set to become the largest solar developer and owner in Australia, as it aims to reach financial close on its Wellington North and Wunghnu Solar Farms later this year.