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Category: Sustainable Finance
President Biden’s Inflation Reduction Act Lowers Energy Costs, Builds America’s Clean-Energy Economy in Rural America U.S. Department of Agriculture (USDA) Secretary Tom Vilsack announced that USDA is accepting applications starting...
Siemens Energy successfully placed its first-ever Green Bond with a nominal value of EUR 1.5 billion, an important step in the company’s efforts toward integrating sustainability more and more into...
The European Commission is launching the third call for small-scale projects under the Innovation Fund, one of the world’s largest funding programmes for the deployment of innovative low-carbon technologies. Financed by revenues from...
ScottishPower, one of the UK’s largest green energy developers and part of the Iberdrola group, has formalised a £1.3billion contract with Siemens Gamesa for 95 wind turbines for the East Anglia Three...
The FCA is working to build a world-leading and competitive regime that will help the UK’s asset management sector thrive by setting standards that improve the sustainability information consumers have...
Bloomberg announced its Sustainable Finance Disclosure Regulation (SFDR) solution has a new dashboard enabling fund managers to seamlessly track and pick investments that align with the key ESG indicators mandated...
Toivo Group Plc and the European Investment Bank (EIB) have signed a €60 million green loan to finance 19 development projects for high energy performance residential buildings. The agreement will support...
The European Commission has issued €6 billion of NextGenerationEU green bonds in its fourth syndicated transaction for 2023. The single tranche transaction was executed via a tap of the green...
South African lender FirstRand aims to double its home loans linked to clean energy to 2 billion rand ($109.27 million) by next year, it said on Monday, as it seeks to...
The World Business Council for Sustainable Development (WBCSD) is pleased to announce that the Bezos Earth Fund has awarded USD $9.25 million to the Greenhouse Gas Protocol (GHG Protocol), which is co-convened by the World...
The World Bank’s Board approved a new US$100 million equivalent loan for the Armenia Green, Resilient and Inclusive Development Policy Operation (DPO). The operation supports the 2021-26 Program of the Government of...
More than €1.1 billion in finance to be mobilized in sustainable projects, supported by €150 million in InvestEU guarantees The InvestEU Investment Committee has approved guarantees worth up to around €150 million...
Eni is launching an innovative program in cooperation with some banks to offer companies in its supply chain the opportunity to optimize the management of their liquidity by incentivizing the...
The World Bank approved $82 million to support the Climate-Resilient and Inclusive Livelihoods Project (ProClimat Congo) in the Republic of Congo. The total amount includes a $70 million loan from...
The European Investment Bank (EIB) has agreed to lend €450 million to Redes Energéticas Nacionais SGPS, S.A. (REN) to finance renewable energy connections and the reinforcement and upgrading of the...
The historic transactions leverage EdgeConneX Green Financing Framework, enabling the development of critical digital infrastructure to support customers’ global requirements The significant scale of the combined deals earned EdgeConneX the...
The World Bank Group Board of Executive Directors yesterday approved a new Country Partnership Framework (CPF) for Egypt, laying out the World Bank Group’s strategy in the country for FY2023–2027. The...
Bipartisan Infrastructure Law Funding Will Support Energy and Water Conservation Measures to Reduce Emissions From Government Facilities The Biden-Harris Administration, through the U.S. Department of Energy (DOE), announced $250 million...
The European Central Bank (ECB) has published its first climate-related financial disclosures, which provide information on its portfolios’ carbon footprint and exposure to climate risks, as well as on climate-related...
Enables Atlas to gain investment management operational efficiencies and better manage risk Atlas Responsible Investors, one of the first hedge fund managers to concentrate exclusively on impact investing, has enhanced...
IDB Invest and Banco de Bogotá announce the upcoming issuance of the first sustainable, subordinated bond issued in the international market by Banco de Bogotá. The $230 million bond will...
New agreement ensures access to zero-up-front-cost, clean energy systems for homeowners across California Electriq Power (Electriq), a provider of intelligent energy storage and management for homes and small businesses, announced it...
New round of investments, part of collective private and public sector collaboration, is a major step to scale innovative solutions to advance water access and reduce waste sent to landfill ...
Funding from President Biden’s Bipartisan Infrastructure Law Will Advance Electrolysis Technology, Reduce the Cost of Clean Hydrogen and Fuel Cells, and Provide Long-term Support for Hydrogen Hubs The Biden-Harris Administration,...
TD Bank Group launched a new Sustainable & Decarbonization Finance Target to support its customers, clients and the communities it serves by aiming to mobilize $500 billion CAD by 2030 through financial activities including...
MUFG leads approximately $75 million in Green Loan construction financing; Wells Fargo provides tax equity commitment of approximately $105 million for 200 MWac solar project in Frio County, Texas Leeward...
Robeco has launched the Robeco Sustainable Senior Loan Fund (SLF), its second closed-ended private debt fund and one of the first to credibly integrate sustainability into private debt investments. SLF...
Battelle and a team of leading technology developers have submitted a proposal to the U.S. Department of Energy (DOE) for funding from the Bipartisan Infrastructure Law’s Regional Direct Air Capture (DAC) Hubs program....
The OPEC Fund for International Development (the OPEC Fund) has approved more than US$300 million in new financing in the first quarter of 2023, reflecting the institution’s commitment to fulfilling its Climate...
PepsiCo named “Industrial Water Reuse Champion” by WateReuse Association for best-in-class water recycling and reuse programs PepsiCo Beverages North America (PBNA) and Frito-Lay North America (FLNA) announced a commitment of $3.3 million in funds toward...
Viridos’ Algae Biofuels to Decarbonize Jet and Diesel Fuel using Highly Productive, Sustainable, and Scalable Saltwater Algae Chevron U.S.A. Inc. and United Airlines Ventures Join Viridos Series A Viridos, Inc.,...
Pepperl+Fuchs establishes sustainable factory in Vietnam financed by USD 15m green loan from Deutsche Bank Pepperl+Fuchs announced the inauguration of a new sustainable manufacturing facility in Vietnam, which has been...
This report sets out the Bank’s latest thinking on climate-related risks and regulatory capital frameworks. The report includes updates on: capability and regime gaps; capitalisation timelines; and areas for future...
The European Investment Bank (EIB) has granted a €300 million loan to novobanco to facilitate the financing of projects undertaken by SMEs (firms with up to 250 employees), MidCaps (firms with up...
The First Green Transition Programmatic Development Policy Loan was approved by the World Bank’s Board of Executive Directors, providing EUR 149.9 million (US$160 million equivalent) in support of Serbia’s bolstered efforts to...
A socially responsible investing approach that aims to earn current income TD Asset Management Inc. expanded its sustainability suite with the launch of the TD North American Sustainability Bond Fund,...
Company Applying Innovation to Power Heavy-Duty Diesel Engines with Renewable Fuels Chicago-based ClearFlame Engine Technologies has raised $30 million in Series B funding to bring to market innovative solutions that power heavy-duty...
Funding from President Biden’s Clean Energy Plan Will Create New Economic Opportunities Across the Nation and Bolster American Industrial Leadership Globally The Biden-Harris Administration, through the U.S. Department of Energy...
Stevanato Group S.p.A., a global provider of drug containment, drug delivery and diagnostic solutions to the pharmaceutical, biotechnology and life sciences industries, announced two separate agreements with BNL BNP Paribas and Cassa Depositi...
The World Bank’s Board of Executive Directors approved financing support in the amount of $12 million for the Scaling Solar 2 Project for Uzbekistan. The Project will help expand the country’s capacity...
The African Development Bank, rated Aaa/AAA/AAA/AAA (Moody’s/S&P/Fitch/Japan Credit Rating, all stable) has successfully launched an AUD 50 million 15-year Kangaroo Green Bond due March 2038. The new issuance was arranged...
Climate change and the global response to the threats it poses have the potential to significantly impact the safety and soundness of the Canadian financial system. Today, the Office of...
GeNeuro, a biopharmaceutical company developing novel treatments for neurodegenerative and autoimmune diseases such as multiple sclerosis (MS), amyotrophic lateral sclerosis (ALS) and the severe consequences of COVID-19, (PASC, post-COVID or...
VF Corporation, a global leader in branded lifestyle apparel, footwear and accessories, announced the closing of a €500 million green bond offering, representing its second green bond issued; the inaugural...
The European Investment Bank (EIB), Crédit Agricole Corporate and Investment Bank Milan branch (Crédit Agricole CIB), Natixis Corporate and Investment Banking (Natixis CIB) and Reden have closed a project finance operation...
The European Investment Bank (EIB) has signed a €55 million green loan for a joint venture between Iberdrola (75%) and Caja Rural de Soria (25%) which will be used to build...
In an official visit in Morocco, Neighbourhood and Enlargement Commissioner Olivér Várhelyi announced new cooperation programmes worth €624 million in total to support Morocco’s transition to green energy, enhance cooperation on addressing irregular...
Sustainable Finance target: New ambitions in businesses by end of 2025: Reductions in financed CO2 emissions and fossil fuel financing during 2022: Policies & Commitments: People & Own Operations: Deutsche...
The Biden-Harris Administration is making $250 million available to develop innovative strategies to cut climate pollution and build clean energy economies. These planning grants, through the U.S. Environmental Protection Agency...
At the Our Ocean Conference in Panama, the EU is confirming its strong engagement for international ocean governance by announcing 39 commitments for action for the year 2023. These actions will be funded by €816.5...
SESAMm, a leader in natural language processing (NLP), a field of artificial intelligence, announced the close of a Series B2 funding round of €35 million (USD 37 million) to accelerate...
Divert plans infrastructure expansion across North America to decarbonize the food value chain and combat climate change. Divert Inc., a leading impact technology company on a mission to Protect the...
EU negotiators on Tuesday struck a deal creating the first best in class standard for the issuing of green bonds. The “European Green Bonds Standard” (EUGBS), which companies issuing a...
In this insightful video, Ketan Patel, Chairman of Force for Good, engages with Faheen Allibhoy, Managing Director and Head of the JP Morgan Development Finance Institution (DFI). The discussion, held...
Company will Increase Access to Medicines in Middle and Low Income Countries Enhanced Commitment to the Environment Teva Pharmaceutical Industries Ltd. announced its intention to issue $2,060,000,000 (equivalent) of sustainability-linked...
To support the decarbonization of Senegal’s industrial sector, IFC announced a partnership with Sococim Industries, Senegal’s largest integrated cement manufacturer, which will boost low-carbon cement production, create jobs, and help...
Supports Li-Cycle’s Rochester Hub, which is expected to be the first source of recycled battery-grade lithium in North America First support from DOE ATVM Program for a resource recovery facility...
The European Investment Bank (EIB) will support PackBenefit with a €13 million venture debt loan to expand the company’s manufacturing capacity of recyclable and compostable food trays to meet growing...
The European Commission has approved, under EU State aid rules, a €1.1 billion German scheme to compensate rail transport operators using electric traction in the context of the recent spike...
EPA’s new Environmental Justice Thriving Communities Grantmaking program will invest in America, expedite investments to reduce pollution in disadvantaged communities The Biden-Harris Administration announced the availability of $550 million from...
Funding Awarded to 53 Businesses Across 23 States That Are Developing Innovations in Clean Energy and Climate Research The U.S. Department of Energy (DOE) announced awards totaling more than $68...
The Government of Spain is providing a €100 million guarantee for a World Bank project aimed at repairing healthcare infrastructure and strengthening primary healthcare in Ukraine. The Health Enhancement and Life-Saving (HEAL...
During the year, the EU bank committed €150 million in support for a large-scale urban regeneration project which aims to make Cypriot municipalities greener, boost the economy, and improve the...
The European Investment Bank (EIB) and Joo Group, company that develops and manages rental properties in urban areas in Finland, have signed a new €100 million green loan agreement to...
The European Commission has approved, under EU State aid rules, a €460 million Spanish measure to support ArcelorMittal España in partially decarbonising its steel production processes. The measure will contribute to...
Jacobs announced that it closed an inaugural offering of $500 million of senior unsecured notes due 2033 under its newly published Sustainability-Linked Bond Framework. The Framework was developed as a crucial...
The European Investment Bank (EIB) has granted, with InvestEU support, a €50 million loan to Asja Ambiente Italia to co-finance the construction of nine photovoltaic and wind power plants in...
DOE and DOT Announce $7 Million for New Projects to Accelerate Decarbonization of Medium- and Heavy-Duty Freight Transportation, Releases Funding Notice of Intent to Increase Accessibility and Functionality of EV...
Amazon.com has granted 1.5 million euros ($1.6 million) to a Dutch project testing the viability of commercially growing seaweed in between turbines of offshore wind farms, the company and organisers...
The Green Finance Industry Taskforce (GFIT), convened by the Monetary Authority of Singapore (MAS), launched its final public consultation on a green and transition taxonomy for Singapore-based financial institutions. The consultation...
The World Bank (International Bank for Reconstruction and Development, IBRD) priced a five-year $50 million, principal protected Emission Reduction-Linked Bond that provides investors a return linked to the issuance of...
The European Commission has approved, under EU State aid rules, a €170 million Danish scheme to support the production of renewable hydrogen through Power-to-X (‘PtX’) technologies. The measure aims to...
Governor Ron DeSantis was joined by Senate President Kathleen Passidomo and House Speaker Paul Renner to announce comprehensive legislation to protect Floridians from the woke environmental, social, and corporate governance...
The European Investment Bank (EIB) and Iberdrola have signed a new agreement to accelerate Italy’s energy transition by developing new renewable energy plants. The EU Bank has granted a €150 million green loan for...
The European Commission has approved, under EU State aid rules, a €2.08 billion French measure to support offshore wind electricity production in France. The measure will contribute to achieving France’s...
Deutsche Bank’s Private Bank Germany and WWF Germany signed an agreement in Berlin for an initial two-year advisory service. The bank and the conservation organisation will work together in the...
INEOS Olefins Belgium has announced it has raised €3.5 billion to support the construction and operation of the most environmentally sustainable cracker in Europe. This is the largest investment in...
Verizon issued its Green Bond Impact Report, outlining the full allocation of the nearly $1 billion of net proceeds from its fourth green bond, which was issued in March 2022. In February...
The Water Sector Governance and Infrastructure Support Project was jointly launched by the Honorable Minister of Water Supply, Abdul Khan and World Bank Country Director for Maldives, Nepal, and Sri Lanka,...
Dubai Islamic Bank, the biggest Islamic lender in the United Arab Emirates, is set to raise $1 billion from a sale of long five-year sustainable sukuk, a bank document showed...
Ethiopia has signed a landmark agreement with the World Bank’s BioCarbon Fund Initiative for Sustainable Forest Landscapes (ISFL) that rewards community efforts to reduce carbon emissions by tackling deforestation and land and...
Matrix Renewables, the TPG Rise-backed global renewable energy platform, and BBVA have announced the closing of €40 million in sustainable financing to begin the construction of two solar plants, Zaratán and...
Comcast announced the issuance of a $1 billion 10-year green bond, offering investors the opportunity to support environmental efforts such as those currently underway or under consideration as part of...
New loan option enables consumers to finance electric vehicles and chargers together Bank of America announced that it will offer consumers the option of financing their residential electric vehicle chargers...
The Reserve Bank of India will soon issue guidelines for regulated entities to boost green finance and mitigate climate-related financial risks, the central bank governor said on Wednesday. “It has...
The global carbon credit trading platform Carbonplace has raised 45 million dollars in a seed funding round and has been incorporated as its own entity. BBVA, one of the nine founding banks,...
Nokia has announced a Sustainable Finance Framework that places sustainability as core to future stakeholder value and central to its business outcomes. The framework reinforces Nokia’s commitment to sustainable growth by ensuring its financing strategy supports the company’s recently enhanced...
In 2022, BBVA channeled €50 billion into sustainable business, up 41% from the €35.4 billion mobilized in 2021. The bank has now channeled a total of €136 billion since 2018,...
The World Bank issued a 3-year Chinese yuan denominated Sustainable Development Bond raising CNH 340 million (approximately US$50 million equivalent) due February 2026 while engaging with investors to raise awareness...
The European Commission has approved, under EU State aid rules, a Greek scheme to partially compensate energy-intensive companies for higher electricity prices resulting from indirect emission costs under the EU...
Vedanta Aluminium, India’s largest producer of aluminium, has raised USD 250 million through Sustainability Linked Loans from leading international banks, for financing its capex initiatives and reducing carbon footprint. The...
The European Investment Bank Group signed a record amount in new financing for renewables, efficiency, storage and grids in 2022, highlighting the EU bank’s unwavering commitment to ensure access to...
The World Bank has signed an agreement with four West and Central African nations worth $311 million to fund renewable energy projects. The funds will finance around 106 megawatts (MW)...
The SEFA grant will support the creation of an enabling environment for Electric vehicles (EVs), the design of EV business models and guidelines for the public and private sector The...
Germany on Monday pledged 200 million euros ($217 million) to help Brazil defend the Amazon rainforest, a global ecosystem devastated during years of rule under former Brazilian President Jair Bolsonaro....
The OPEC Fund for International Development, a multilateral development finance institution headquartered in Vienna, Austria, committed US$1.5 billion in financing to 41 projects last year, supporting partner countries worldwide to...
Boston Metal, a company developing technology to fully decarbonize steel production, announced the $120 million first close of Series C fundraising led by multinational steel company, ArcelorMittal S.A.. Microsoft’s Climate...
The European Investment Bank (EIB) and the Greek authorities have announced €900 million in new financing agreements that will support priority investments in high-impact, large scale projects across the country,...
Ghana has become the second country in Africa after Mozambique to receive payments from a World Bank trust fund for reducing emissions from deforestation and forest degradation, commonly known as REDD+. The...
The European Investment Bank (EIB) has granted a €150 million loan to Österreichische Hotel- und Tourismusbank (ÖHT). It will be paid out in several tranches and go towards supporting small and...
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