ESG International Weekly News 4/10-4/16
1.Apple Increases Clean Energy Use in Supply Chain 30% in One Year
Apple has announced that its manufacturing partners have increased their use of renewable electricity by almost 30% in 2022. Additionally, dozens of suppliers have committed to using 100% renewable energy for all Apple production. The company has set a goal to become carbon neutral across its entire business, manufacturing supply chain, and product life cycle by 2030. Over 250 suppliers across 28 countries, representing over 85% of Apple’s direct manufacturing spend, have now committed to using renewable energy for all Apple production by 2030. The use of clean energy in Apple’s supply chain has grown rapidly, reaching over 13.7 GW, up around 30% from the prior year, and representing avoided carbon emissions of 17.4 million metric tons in 2022. Apple plans to facilitate the construction of large-scale solar and wind projects to address emissions from product use, which accounts for around 22% of its carbon footprint.
2.Biden Unveils Strict Vehicle Emissions Standards to Drive Clean Transportation Transition
The Biden administration has announced new vehicle emissions standards that aim to reduce greenhouse gas emissions from the transport sector by billions of tons over the next few decades and to speed up the transition to electric vehicles. The US Environmental Protection Agency (EPA) has proposed more stringent greenhouse gas emissions standards for light- and medium-duty vehicles, with stringency increasing each year to reach a 56% reduction in light-duty fleet-wide GHG emissions in 2032 and a 44% reduction for medium-duty vehicles, as well as a separate set of heavy-duty truck emissions standards. The EPA estimates the rules will result in a reduction of almost 10 billion tons of CO2 emissions through 2055. Environmental groups praised the new proposals, but energy industry groups and Republican politicians criticized them.
3.DWS Scores Largest Ever U.S. ETF Launch with new Climate Action Fund
DWS’ Xtrackers has launched a new climate-focused ETF backed by a $2 billion investment from Finnish pension insurance company, Ilmarinen. The Xtrackers MSCI USA Climate Action Equity ETF aims to provide investors exposure to US large and mid-cap companies leading in their sectors on climate transition action. The index tracks the MSCI USA Climate Action Index, which uses ESG screens to select 50% of companies from each sector in the parent index. The ETF launch represents the largest ever in the US, and is part of DWS' efforts to expand its Xtrackers brand in the Americas.
資產管理公司DWS的交易所交易基金（ETF）業務Xtrackers通過新的ETF上市實現了美國有史以來最大的ETF發行，而芬蘭養老保險公司Ilmarinen投資了20億美元支持此舉。新基金Xtrackers MSCI USA Climate Action Equity ETF旨在為投資者提供在氣候轉型行動方面引領其所處行業的美國大型和中型企業的投資機會。該基金跟踪MSCI USA Climate Action Index，該指數對其母指數MSCI USA Index進行了一系列的ESG篩選。基金上市是DWS在擴大其Xtrackers品牌和推出專業產品以實現長期回報機會方面的努力之一，也是美國歷史上最大的ETF發行。
4.Mastercard to Eliminate First-Use Plastics from Cards
Global payment technology company Mastercard has announced that it plans to remove first-use PVC plastics from payment cards on its network and require all newly produced Mastercard plastic payment cards to be made from more sustainable materials, such as recycled or bio-sourced plastics, by 2028. The company will also support its global issuing partners in transitioning away from first-use plastics. All newly made cards on the network will have their composition and sustainability claims certified by Mastercard, with the certification then validated by an independent third-party auditor. This announcement is the latest in a series of sustainability-related initiatives at Mastercard, which has been expanding its initiatives to include environmental sustainability, financial inclusion, and gender pay parity.