Australia and Singapore have strengthened their partnership to accelerate Southeast Asia’s clean energy transition. The Australian Government has committed US$50 million to Singapore’s Financing Asia’s Transition Partnership (FAST-P) initiative, aimed...
Singapore has solidified its leadership in sustainability reporting, surpassing global benchmarks in six of twelve key indicators, according to KPMG’s 2024 Survey of Sustainability Reporting. The city-state is one of...
What’s happening: The ADB has approved a $500 million policy-based loan to strengthen the Philippines’ efforts to tackle climate change. This loan supports the Philippines’ Climate Change Action Program (CCAP)...
Why it matters: As regional economies face increasing pressure to meet global climate targets, there’s a critical demand for leaders skilled in sustainable finance. The Monetary Authority of Singapore projects...
BP’s Investment in Indonesia’s Energy Transition BP, on behalf of the Tangguh Production Sharing Contract partners, announced the final investment decision for the $7 billion Tangguh Ubadari, CCUS, Compression (UCC)...
A Major Step Toward Sustainability HSBC Hong Kong, Cathay Pacific, and EcoCeres have joined forces to launch Hong Kong’s most significant initiative to date in promoting sustainable aviation fuel (SAF)....
A Milestone for Green Energy At the COP29 World Climate Conference in Baku, Azerbaijan, Indonesia announced a €1.2 billion green funding agreement with German state development bank Kreditanstalt für Wiederaufbau...
Singapore has joined the European Union (EU) and China in presenting the Multi-Jurisdiction Common Ground Taxonomy (M-CGT), a significant step towards harmonizing sustainable finance taxonomies across the three regions. Developed...
The Monetary Authority of Singapore (MAS) announced several green finance and capital market initiatives at the 20th Joint Council for Bilateral Cooperation (JCBC) meeting, co-chaired by Singapore’s Deputy Prime Minister...
China has taken a landmark step in its climate strategy by passing its first-ever energy law, which will come into effect on January 1, 2025. Adopted during a session of...
Key Impact Points: The Hong Kong Monetary Authority (HKMA) has unveiled its Sustainable Finance Action Agenda, setting a comprehensive vision to solidify Hong Kong’s role as the leading sustainable finance...
The CDP‘s latest report, Nurturing Nature: De-risking Nature-based Finance in Asia, explores the pressing need for increased private-sector participation in nature-based financing. As biodiversity loss and climate challenges threaten up...
In a significant move to bolster the environmental, social, and governance (ESG) capabilities of its charitable sector, KPMG in Singapore has introduced an ESG Playbook for Charities. This initiative, developed...
Key Impact Points: The Asian Infrastructure Investment Bank (AIIB) has announced a significant commitment of $100 million toward climate transition investments in emerging Asia. This includes $75 million allocated to...
Monetary Authority of Singapore (MAS) and the World Bank are leading efforts to accelerate the coal transition through market-based approaches. Speaking at the New York Climate Week MAS-World Bank event,...
Rockefeller Foundation Hosts AsiaXchange 2024: A Blueprint for Asia’s Green & Resilient Future The Rockefeller Foundation will host AsiaXchange 2024, focusing on “Accelerating Asia’s Equitable Green Transformation: Taking a Systems...
Deloitte’s Latest Series Highlights CFO Leadership in Sustainability A new report series by Deloitte, titled “Asia Pacific Mandatory Sustainability Reporting,” positions Chief Financial Officers (CFOs) as pivotal leaders in navigating...
ACEN, GenZero, and Keppel Ltd. have partnered to drive the early retirement of the South Luzon Thermal Energy Corporation (SLTEC) coal-fired power plant (CFPP) in Batangas, the Philippines. The Memorandum...
SAP Taiwan has opened its first-ever ESG and AI Research and Innovation Center in Kaohsiung, marking a significant step towards accelerating sustainable transformation in Taiwan. This center is set to...
Middle Eastern Banks Invest $500M in Malaysia’s Pengerang Energy Complex Leading Middle Eastern banks and financial institutions have invested $500 million to finance Malaysia’s Pengerang Energy Complex, a facility that...