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Category: Sustainable Finance
The Bank for International Settlements (BIS) and the Monetary Authority of Singapore (MAS) have developed a blueprint for a platform that integrates regulatory and climate data to help financial authorities...
Key Impact Points: Indonesia’s Pertamina Patra Niaga has taken a significant step in its sustainability journey by issuing its first spot purchase tender for Sustainable Aviation Fuel (SAF). The tender...
BBVA will issue a total amount of $50 million and the resources will be used to finance projects focusing on reforestation, the regeneration of natural forests on degraded land, mangrove...
This partnership will mobilize investments through innovative financing solutions to scale up private sector-led clean energy generation and distribution in Nigeria. RMI, founded as Rocky Mountain Institute, and the Nigeria...
Key Impact Points: • Nippon Life’s framework supports high-emitting industries’ transition to decarbonization.• Emphasizes alignment with Paris Agreement’s 1.5°C target.• Framework ensures transparency and accountability in transition finance. Nippon Life...
Agreements with China Development Bank and Asian Infrastructure Investment Bank aim at financing infrastructure and industry in Brazil The Vice President and Minister of Development, Industry, Trade, and Services (MDIC),...
Climate stewardship is a core pillar of KeyBank’s corporate responsibility strategy. The organization has taken deliberate actions to build a sustainable business model that manage risks, capitalizes on opportunities, and...
Air Liquide will build a new industrial gas production facility in the United States to supply the new fab of one of the world’s leading semiconductor manufacturers. In the framework of...
The governing board of the Climate Investment Funds (CIF), the pioneering multilateral climate fund delivering low-cost finance to over 70 developing countries, endorsed a new investment plan presented by the Government...
The European Commission has approved, under EU State aid rules, an Italian scheme to support a total of 4590 MW of new capacity for electricity production from renewable energy sources....
The Galapagos Islands, renowned worldwide for their unparalleled biodiversity and unique ecosystems, face mounting environmental and human-induced threats. In response to these pressing challenges, the Charles Darwin Foundation (“CDF”) and...
The Project Phase 1, which targets to replant Portulacaria afra thicket across 10,000 hectares, is being funded under a syndicated senior secured stream agreement, led by Mirova, an affiliate of Natixis Investment...
A new report published today by the City of London Corporation and Climate Policy Initiative (CPI) has revealed that tracked UK financial institutions have almost tripled their investment into clean-energy...
UBS Global Wealth Management (GWM) launched the engagement fund in a collaborative approach with Rockefeller Asset Management (Rockefeller). The UBS Rockefeller Ocean Engagement Fund, seeks to provide financial returns and...
Mizuho Financial Group, Inc. (President & Group CEO: Masahiro Kihara), one of Japan’s leading global financial institutions, and London Stock Exchange Group (CEO: David Schwimmer; LSEG) announce an agreement to...
Surpasses Fund V Fundraising Target by 10% and Raises Additional $2.3 Billion of Co-Investment Capital Energy Capital Partners (“ECP”), a leading investor across energy transition, electrification and decarbonization infrastructure assets,...
The Asian Development Bank (ADB) has provided support to renewable energy (RE) developer Alternergy Holdings Corp. (AHC) in securing its first green corporate loan. In a statement, the multilateral lender...
44% of these funds are invested in assets that breach the Paris-aligned benchmark (PaB) exclusionary criteria In the first of a two-part series examining ESMA’s name rule restricting the use...
The program will equip accountants with a Smart ESG solution, leveraging innovative AI software, best practices and tech-enabled double materiality identification The Chartered Institute of Management Accountants (CIMA) and Datamaran, a market...
Energy Capital Partners (ECP), a leading private equity firm, along with a group of co-investors, has entered into a definitive agreement to acquire Atlantica Sustainable Infrastructure plc in a transaction...
The SBTi releases revisions and new resources to enable financial institutions to set ambitious near-term emission reduction targets. The Science Based Targets initiative (SBTi) is unveiling a suite of revisions...
Eurazeo, a leading global investment company, has announced the launch of a new impact buyout fund dedicated to addressing planetary boundaries. The fund targets raising €750 million, focusing on investments...
Cloover, a Berlin-based startup, has secured a remarkable $114 million seed round to fuel the growth of its operating system for the renewable energy industry. The company connects all relevant...
The European Commission has approved, under EU State aid rules, a fourth Important Project of Common European Interest (‘IPCEI’) to support research, innovation and the first industrial deployment in the...
The ongoing transformation and decarbonisation of the building materials sector requires investments. To fund these investments, Heidelberg Materials announced the introduction of a Green Finance Framework which is aligned with...
Global law firm White & Case LLP advised VERBUND AG on its €500 million green bonds issuance including biodiversity with a seven-year term and a fixed coupon of 3.250%. VERBUND...
HSBC UK has launched a new Carbon Insights tool in its award-winning mobile app, HSBC Kinetic , designed for small business owners. This new feature enables HSBC Kinetic customers to view the...
Air Liquide has successfully issued a new 500 million euros green bond, in line with its ambition to combine growth and sustainable development. The Group intends to use the proceeds...
Ørsted, a leading U.S. clean energy developer, announced an investment from J.P. Morgan for $680 million in tax equity financing for a portfolio of solar and storage assets in Texas and Arizona. The project portfolio...
Key Points: Circtec, a trailblazer in sustainable end-of-life tyre recycling, has secured a substantial $150 million in financing. This initiative is backed by prominent investors Novo Holdings and A.P. Moller...
Key Impact Points: Qatar has successfully raised $2.5 billion through its first-ever green bond issuance, marking a significant milestone in the Gulf state’s financial landscape. The bonds are split into...
280 Earth, Inc. announced that it has completed construction and started operating a direct air capture (“DAC”) facility to remove carbon dioxide (CO2) directly from the atmosphere, mitigating climate change....
Diageo has announced plans to invest over €100 million to decarbonise its historic St. James’s Gate site in Dublin 8, where Guinness has been brewed for 264 years. The investment...
BNP Paribas Asset Management announces the listing of a new global equity exchange-traded funds (‘ETFs’), expanding its current SRI PAB range which totals more than EUR 6.5bn of assets under...
Deutsche Bank and the European Investment Bank Group, consisting of the European Investment Bank and the European Investment Fund, have signed an agreement to promote climate-friendly new builds and energy-efficient...
The Monetary Authority of Singapore (MAS) and the People’s Bank of China (PBC) are taking significant steps to enhance their collaboration in green and transition finance. During the 2nd China-Singapore...
State Farm® is the first property & casualty insurance company worldwide to achieve TRUE certifications for two of its facilities, a testament to its commitment to uncovering operational efficiencies, responsibly...
Key Points: Quinbrook Infrastructure Partners Launch $3.5 Billion ‘Green Iron’ Project, Powered By Renewables Quinbrook Infrastructure Partners announced the development of a $3.5 billion “Green Iron” project in Queensland. This...
A staff team from the International Monetary Fund (IMF) led by Charalambos Tsangarides, IMF mission chief for Tanzania, held meetings in Dodoma and Dar es Salaam from May 2 to...
Ocean 14 Capital Fund I, focusing exclusively on the multi-trillion-dollar ‘blue economy’, has announced it has closed on €201 million to support its mission of funding sustainable solutions to improve ocean health....
Plug Power Inc., a global leader in comprehensive hydrogen solutions for the green hydrogen economy, received a conditional commitment for an up to $1.66 billion loan guarantee from the Department...
UBS Asset Management (UBS AM) has launched the UBS ETF S&P 500 Climate Transition ESG UCITS ETF, marking a significant stride for sustainability-focused investors in Europe. This ETF is the...
The UK Sustainable Investment and Finance Association (UKSIF), which brings together 300+ members managing over £19 trillion in global assets under management (AUM), has released a report showing that the...
Key Impact Points: Fidelity International has launched two new sustainable bond funds, reinforcing its commitment to sustainable investment strategies. The new funds, Fidelity Funds 2 – Sustainable Social Bond Fund...
Amprion has once again successfully placed a green dual-tranche bond with a total nominal value of €1 billion on the international capital market. The bond was issued under Amprion’s €9...
Private equity firm EQT (EQTAB.ST) announced on Monday it has made a recommended cash offer to acquire Swedish renewable energy company OX2 (OX2SE.ST) for 16.4 billion Swedish crowns ($1.51 billion)....
NMB Bank Plc Becomes First Tanzanian Bank to List at London Stock Exchange NMB Bank PLC celebrates the listing of its maiden three-year US$ 73 million Sustainability Bond on the...
FertigHy, a pan-European producer of low-carbon, nitrogen-based fertiliser for the agricultural sector, will build its first factory in the Hauts-de-France region in Northern France. The €1.3 billion CAPEX investment build...
Schroders Greencoat, the specialist renewables and energy transition infrastructure manager of Schroders Capital, today announces a £170 million commitment from the Environment Agency Pension Fund (EAPF) into its UK flagship...
Broadening our ambition in greenhouse gas reduction Standard Chartered enhances net zero roadmap with commitment to deliver methane (CH4) emissions reduction target. A methane target aligns with our focus on...
KfW Development Bank is committed to the concept of sustainability, an economic system that safeguards the livelihood and quality of life for the coming generations, too. This is why KfW...
OUE REIT Management Pte. Ltd., in its capacity as manager of OUE Real Estate Investment Trust (“OUE REIT”, formerly known as “OUE Commercial REIT”), is pleased to announce that OUE...
Antoni Ballabriga, Global Head of Sustainability Intelligence & Advocacy at BBVA and member of the EU High-Level Expert Group (HLEG) on Scaling Up Sustainable Finance in Low and Middle-income Countries,...
The United Kingdom (UK) and Singapore held the 9th UK-Singapore Financial Dialogue in Singapore today. Both countries discussed collaboration opportunities in priority areas such as sustainable finance and FinTech and...
Allianz Trade & Inclusive Brains join forces to foster the inclusion of people with disabilities thanks to AI and neurotechnologies. Allianz Trade, the world’s leading trade credit insurer and Inclusive Brains,...
Funding from President Biden’s Investing in America agenda will provide transport infrastructure needed to support future growth of the carbon capture and storage industry As part of President Biden’s Investing in America agenda, the...
The World Meteorological Organization has confirmed that 2023 is the warmest year on record, with annual average global temperature approaching 1.5°C above pre-industrial levels. Data also show that since the...
QBE Insurance Group Limited announced the appointment of Nicola Schroder as Group Head of Sustainability. In this role, Nicola will continue to drive QBE’s Sustainability Strategy across its three key...
In 2023, Citi reaffirmed its commitment to Environmental, Social, and Governance (ESG) principles amidst a complex global backdrop marked by environmental urgencies and socio-economic shifts. The annual ESG report outlines...
American Express reflected on its year-round commitment to sustainability as Earth Month 2024 drew to a close. The company highlighted its efforts to support communities, empower small businesses, and encourage...
Goldman Sachs has a long-standing commitment to sustainability, recognizing the scale and urgency of climate change challenges early on. Their approach combines financial services with innovative sustainability solutions to meet...
Norges Bank Investment Management has signed an agreement to acquire a 49 percent interest in a 644 MW portfolio of solar plants located in Spain. The agreement was signed on...
The first quarter of 2024 has been a period of notable shifts in the landscape of global sustainable funds. Amidst varied economic signals and evolving regulatory frameworks, these funds have...
The Commission is awarding nearly €720 million to seven renewable hydrogen projects in Europe, selected through the first competitive bidding process under the European Hydrogen Bank.The funds for this auction come from the...
The automotive industry is at a crossroads. The rise of electrification, the software-defined vehicle and phygital (a combination of physical and digital) experiences are set to drive greater changes in...
BBVA mobilized €20 billion in sustainable business in the first quarter of 2024, up 41 percent on the same period last year. The bank is now ahead of the curve in achieving...
African Development Bank Group President Dr. Akinwumi A. Adesina has emphasized the critical need for significantly increased financing to meet the Sustainable Development Goals (SDGs). Speaking at the Islamic Development...
Summit to take place October 9-10 in Abidjan, Côte d’Ivoire, presented by Global Citizen and Bridgewater Associates Summit to support the World Bank’s IDA21 replenishment in its ambition to improve living conditions, support...
The Tamer Institute for Social Enterprise and Climate Change Will Address Urgent Need for Business Climate Research and Education Columbia Business School announced the establishment of the Tamer Institute for...
Norges Bank Investment Management (NBIM), a global investment powerhouse managing Norway’s sovereign wealth fund, recognizes that long-term financial returns are inextricably linked to sustainable development across environmental, social, and economic...
$1.4 billion investment in Indiana plant brings production of an all-new BEV Toyota adds up to 340 new, sustainable U.S. jobs Toyota will prepare for assembly of an all-new, three...
The insurance industry has a crucial role to play in combating climate change. Recognizing this, the United Nations Environment Programme (UNEP) recently launched a new initiative, the Forum for Insurance...
Decarbonization Partners, a joint venture between BlackRock and Temasek, successfully closed its first fund, Decarbonization Partners Fund I, at $1.4 billion. This figure surpassed the initial target of $1 billion,...
The latest issue of SEB’s The Green Bond report is dedicated to the question of how to scale energy transition investments at the speed required to reach net-zero emissions and...
RE Royalties Ltd., a global leader in renewable energy royalty-based financing is pleased to announce the publication of its 2024 Green Bond Framework (the “Framework”), assessed as Dark Green, and...
The IFC-facilitated Sustainable Banking and Finance Network (SBFN) has unveiled its 2024 Global Progress Brief and launched the innovative SBFN Data Portal, offering the most comprehensive benchmarking of sustainable finance trends and initiatives...
World Bank Group, African Development Bank initiative could halve the number of people in Africa living without electricity access The World Bank Group and African Development Bank Group are partnering...
The Asian Infrastructure Investment Bank (AIIB) and the World Bank have signed a renewed Memorandum of Understanding (MOU) to enhance collaboration on infrastructure development and support the achievement of the...
Scotiabank has issued its inaugural EUR 1 billion, 5-year senior fixed rate Green Bond (the “EUR Green Bond”) in the European market pursuant to Scotiabank’s Sustainable Issuance Framework released on April 5, 2024 (the...
LG Electronics (LG) has successfully issued a global bond of USD 800 million, marking its first in 17 years. Despite the growing global volatility, LG managed to achieve a negative...
Ziraat Bank successfully renewed its sustainability-linked syndicated loan facility in the amount of USD 1.7 billion (USD 742 million and EUR 884 million) with 132% roll-over ratio. The syndication loan...
Key Impact Points: In 2023, JPMorgan Chase continued to demonstrate its unwavering commitment to Environmental, Social, and Governance (ESG) principles through its comprehensive annual ESG report. The report provides an...
Key Impact Points: In a significant stride towards combating climate change, the Net-Zero Asset Owner Alliance, a coalition of major institutional investors, unveils its latest initiative to steer $9.5 trillion...
Acre Impact Capital, a pioneering private-debt impact investment manager, announces the successful first closing of its Export Finance Fund I. With commitments nearing US$100mn and a robust target of US$300mn,...
At the World Circular Economy Forum 2024, the European Union’s largest public promotional banks and institutions — Bank Gospodarstwa Krajowego (BGK — Poland), Caisse des Dépôts Group (CDC — France),...
Once again, BBVA has been busy promoting sustainability training among 418 of its suppliers and SME customers across 13 countries in which it operates. A total of 552 people will...
Singapore is spearheading a significant financial initiative designed to mobilize $5 billion alongside global partners to support climate-focused projects throughout Asia. This ambitious effort, termed the “Financing Asia’s Transition Partnership”...
Barclays announced the appointment of Isabelle Millat as Head of Sustainable Finance for Global Markets and Barclays Europe. A critical element of Barclays’ Investment Bank strategy and net zero ambition...
RWE successfully placed its first green US dollar bond with a total volume of US$2 billion. The bond was issued in two tranches of US$1 billion with 10-year tenor and...
The Monetary Authority of Singapore (MAS) and Institute of Banking and Finance (IBF), supported by Workforce Singapore (WSG), launched the Sustainable Finance Jobs Transformation Map (JTM), which lays out the...
Calls for innovative solutions as part of its AI for Climate and Nature Grand Challenge The Bezos Earth Fund unveiled an AI for Climate and Nature Grand Challenge – under which up to $100...
Mastercard’s 2023 Environmental, Social and Governance Report details how the company is activating its network, services, products, and partnerships to fulfill its commitment to social good. The report highlights progress...
EdgeConneX strategic finance team garners prestigious Project Finance International Award as it raised over $7 billion in total green investments over the past 2 years EdgeConneX®, a pioneer in global Build-to-Suit and Build-to-Density Solutions,...
A critical element of Barclays’ Investment Banking strategy and net zero ambition is support for clients as they navigate the transition to a low-carbon economy. As part of Barclays’ continued...
Standard Chartered, KPMG and the United Nations Office for Disaster Risk Reduction (UNDRR) are calling for a step-change in the mobilisation of finance for adaptation and resilience ahead of COP29,...
Switzerland will continue to support the Green Climate Fund (GCF) with a total contribution of CHF 135 million over the next four years. The Federal Council took this decision at...
Key Impact Points: Small and medium-sized enterprises (SMEs) are increasingly recognizing the urgency of addressing climate change, but a recent report sheds light on the significant hurdles they face in...
A new World Bank program is set to strengthen and expand the electricity network, improve sector financial viability, and enable renewable energy generation through private sector participation in Ethiopia. Ethiopia...
EY announced the launch of a new Sustainable Finance Innovation Hub in Dublin to help financial institutions around the world accelerate their efforts to meet their environmental, social and governance...
Welcome back to the ESG News Week In Review! We’re thrilled to have you with us again. This week, the U.S. Securities and Exchange Commission (SEC) has pressed pause on...
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