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Category: Sustainable Finance
Bloomberg announced the launch of new green-tilted fixed income indices, which seek to increase weighting to green bonds in some of Bloomberg’s flagship indices such as the Global Aggregate, Treasury...
First Abu Dhabi Bank (FAB), the UAE’s largest bank and one of the world’s largest and strongest financial institutions, announced that it will lend, invest and facilitate over AED500 billion...
The Monetary Authority of Singapore (MAS) published its finalised Code of Conduct for ESG Rating and Data Product Providers (“CoC”) and an accompanying Checklist for providers to self-attest their compliance...
In a continued effort to address the global climate crisis, the Arab Coordination Group (ACG), a strategic alliance of regional and international development institutions, announced at COP 28 in Dubai,...
Nedbank launches R2,1 billion Green Private Power Tier 2 Bond − fuelling private sector renewable energy growth in South Africa Nedbank, a pioneer in sustainable finance solutions, has announced the...
Allied Climate Partners (ACP), International Finance Corporation (IFC), the Monetary Authority of Singapore (MAS) and Temasek announced the intent to establish a green investments partnership to address climate finance gaps...
Abu Dhabi will host a pioneering Global Climate Finance Centre (GCFC), that will accelerate the development of climate finance frameworks and skills, and champion best practices in the UAE and globally. The...
The European Investment Bank (EIB) and Allianz Global Investors (AllianzGI) announced new capital commitments to the Emerging Market Climate Action Fund (EMCAF). The United Kingdom Foreign, Commonwealth & Development Office...
Eni has signed a five-year Sustainability-Linked revolving credit line worth €3 billion, related to two targets of Eni’s Sustainability-Linked Financing Framework, last updated in April 2023. The new facility will...
At the COP28 in Dubai, Commission President Ursula von der Leyen, Founder of Breakthrough Energy Bill Gates, and European Investment Bank President Werner Hoyer announced the first two European projects to...
RMI, in partnership with four leading banks — Citi, ING, Société Générale, and Standard Chartered — along with aluminum industry stakeholders, has developed a first-of-its-kind framework to enable banks to measure...
Standard Chartered’s latest Sustainable Banking Report 2023 reveals USD3.4 trillion of retail investor capital could be mobilised towards climate investments in 10 growth markets across Asia, Africa and the Middle East by...
With an ambitious financing package announced at COP28, the World Bank Group is helping people in developing countries better withstand the devastation of climate change and create a better world...
Stripe, a financial infrastructure platform for businesses, launched Climate Orders, which makes it easy for any business to pre-order carbon removal tons via Frontier, an advance market commitment (AMC) cofounded by...
Bloomberg Philanthropies and Goldman Sachs announced that the Climate Innovation and Development Fund (CIDF) has completed allocating its $25 million in philanthropic concessional capital to help advance sustainable low-carbon economic...
The Voluntary Carbon Markets Integrity Initiative (VCMI) has released additional guidance for its Claims Code of Practice (Claims Code), enabling companies to make claims about their use of high-quality carbon credits....
Allianz Global Investors (AllianzGI), FMO Investment Management (FMO IM), and the John D. and Catherine T. MacArthur Foundation (MacArthur) announced that the SDG Loan Fund (the Fund) has successfully mobilized...
H&M Group is taking a leadership position in establishing collaborative financing solutions that enable the necessary decarbonisation of fashion supply chains. To realise this ambition, H&M Group, together with Southeast...
The European Investment Bank (EIB) has signed a SEK 1.3 billion (approximately €110 million) loan agreement with Swedish company Billerud, a world-leading paper and packaging materials supplier. The loan supports investments in the...
Over the past several years, BNP Paribas has been very active in Sustainability-Linked Loans (SLL), which aim to foster companies to improve their ESG performance by directly linking the financial conditions...
Lloyd’s, the world’s leading marketplace for insurance and reinsurance, has launched a consultation on its roadmap for insuring the transition. The consultation sets out Lloyd’s proposed approach for the next...
The Commission launched the first auction under the European Hydrogen Bank to support the production of renewable hydrogen in Europe, with an initial €800 million of emissions trading revenues, channelled through the Innovation Fund. Producers of...
Small-scale farmers and agribusinesses are on the front lines of two global battles: one to ensure food security and the other against climate change. As small-scale agriculture provides 35% of...
The Commission is opening the Innovation Fund‘s 2023 call for proposals with a record budget of €4 billion to support the deployment of innovative decarbonisation technologies. The call is funded by revenues from...
Ericsson has successfully placed a green Euro-denominated 500 million 4.5-year bond. The bond was issued under Ericsson’s Euro Medium Term Note Program (EMTN). The issue follows a well-attended road show,...
ABB and the European Investment Bank (EIB), the lending arm of the European Union, have signed a €500 million financing agreement to support ABB’s research and development in its Electrification...
• The third green issue of the year has set a coupon of 4.183%.• The company is making progress on its renewed objective of having around 40% of its financing...
BBVA reached an agreement with Brookfield Properties to move its New York office from 1345 Avenue of the Americas to the new complex at Two Manhattan West. The bank will move...
Hyundai Capital Services announced today that it was acknowledged as the Best Practice Company in the “Sustainable Finance” category at the “UN Global Compact Korea Leaders Summit 2023” hosted by...
IFC, a member of the World Bank Group, and T. Rowe Price announced plans to create a pioneering global blue bond strategy to increase access to finance for blue projects...
The world is not on track with meeting the Sustainable Development Goals (SDGs). As of 2022, 2.2 billion people lacked safely managed drinking water, 3.5 billion lacked access to safely...
Skanska has issued green bonds worth approximately SEK 4.5 billion to finance sustainable commercial real estate projects and other investments for climate transition. The issue generated substantial interest, attracting bids from around...
The European Investment Bank (EIB) and the French region of Nouvelle-Aquitaine signed a €500 million framework finance contract to promote carbon-free transport. This investment aims to improve rail service quality in...
American Express proudly announces a three-year, $2 million grant to help the Tunnel to Towers Foundation fund housing for veterans in need nationwide. The New York-based non-profit is dedicated to honoring the...
Stepping up their support for African partner countries ahead of the crucial COP28 climate change conference, the Arab Coordination Group (ACG) announced that it aims to allocate up to US$50...
Westpac NZ has set emissions intensity targets for its Dairy and Sheep and Beef lending portfolios, as it seeks to future-proof its customers and its own business from the impacts...
The Monetary Authority of Singapore (MAS) announced a Minimum Viable Product (MVP) that can assist banks to tap on Artificial Intelligence (AI) when issuing Sustainability-Linked Loans (SLLs) in the real...
The International Finance Corporation (IFC), Monetary Authority of Singapore (MAS) and World Economic Forum (the Forum) signed a Memorandum of Understanding to collaborate on initiatives to advance digital inclusion through financial...
I usually shun extra insurance on rental cars and extended warranties on pretty much everything, but I’ve learned from experience that saavy travelers don’t leave home without travel insurance. Several...
The Saudi Fund for Development (SFD) Chief Executive Officer, H.E. Sultan Al-Marshad, signed 14 new development loan agreements worth $580m with 12 African ministers to fund projects in Angola, Burkina...
New Bank Card Program: Allows Members to Redeem “Dollar for Z-Bucks Dollar” Purchases in New Bank Card Rewards Marketplace TranzactCard, a leader in bank card rewards announced it is redefining...
Aiming to finance increased production of SiC power semiconductors to support decarbonization Mitsubishi Electric Corporation announced that it will issue green bonds for the first time to raise funds for...
While 80% of consumer respondents globally remain concerned about their finances, almost half (46%) are extremely concerned about climate change. This is according to the 13th edition of the EY...
BBVA is investing $25 million (€23.6 million) in climate fund Decarbonization Partners Fund I, which raises the bank’s total investment in climate-related funds to €108.4 million. The bank is actively...
Video Archives Now Available: United Nations Development Programme (UNDP) Former Under Secretary General Usha Rao-Monari one-on-one interview with Show Host, Ketan Patel, “Force For Good” ESG News releases Usha Rao-Monari Former...
Hyundai Mobis’ strategy for expanding its global footprint in the electrification business is progressing smoothly. Following its successful funding for a battery cell joint venture factory in Indonesia last year, the company...
Represents Deutsche Bank’s 4th large-scale transaction in Taiwan’s offshore wind sector Deutsche Bank announced it has completed a bespoke deal-contingent interest rate hedge and a tailored financing for Hai Long,...
The World Bank (International Bank for Reconstruction and Development, IBRD, Aaa/AAA) priced a 10-year benchmark sustainable development bond that matures in November 2033. The Sustainable Development Bond raised USD 3...
Progress on climate adaptation is slowing on all fronts when it should be accelerating to catch up with rising climate change impacts and risks, according to a new United Nations Environment Programme...
Will help address the skill gap in BFSI, corporates in the evolving sustainability domain CRISIL 1Academy — the training and certification arm of CRISIL Limited — is happy to announce...
1PointFive, a carbon capture, utilization and sequestration company, and TD Bank Group (TD), announced a purchase of carbon dioxide removal (CDR) credits from STRATOS – 1PointFive’s first Direct Air Capture...
Barclays has announced the appointment of Denise Wong as Head of Sustainable and Impact Banking, Asia Pacific. Based in Hong Kong, Ms. Wong will be responsible for advising corporate and...
An International Monetary Fund (IMF) team, led by Ruben Atoyan, visited Kigali during October 17–31, 2023, to discuss the authorities’ policy priorities and progress on reforms within the context of...
The Federal Reserve Bank of New York released a paper on the challenges of electrifying 5- to 50-unit buildings in New York State. Electrifying such buildings, which comprise almost 20%...
Building Green Could Reduce Carbon Emissions from Construction by 23 percent The transition to green construction could help reduce global carbon emissions in construction value chains by about 23 percent...
Hybrid solution to incentivise more sustainable renovations amongst SMEs DBS announced a first-of-its-kind hybrid financing solution to help small and medium enterprises (SMEs) access a wider pool of capital to...
The Council adopted a regulation creating a European green bond standard. The regulation lays down uniform requirements for issuers of bonds that wish to use the designation ‘European green bond’...
Pioneering a Three-Year Project to Enhance Rural Livelihoods and Introduce Climate-Resilient Agriculture in the Drought-Prone Regions of Marathwada A landmark partnership has been forged between Standard Chartered Bank and Watershed...
H&M Group has issued a EUR 500 million green bond with a maturity of 8 years under its EMTN (Euro Medium Term Note) programme. The bond generated great interest amongst...
The Monetary Authority of Singapore (MAS) issued a set of consultation papers proposing guidelines on transition planning by banks, insurers and asset managers to enable the global transition to a...
Canada Pension Plan Investment Board (CPP Investments) published its 2023 Report on Sustainable Investing. The report focuses on using our active ownership and engagement to deliver results across the investment life...
Deutsche Bank published its initial Transition Plan as well as net-zero pathways for three additional carbon-intensive industries in the bank’s corporate loan portfolio. The publication marks two further milestones in...
PayPal Holdings, Inc. announced that it has invested in Sweef Capital‘s Southeast Asia Women’s Economic Empowerment Fund (SWEEF) and Quona Opportunity Fund to support their shared mission to advance women’s inclusion in the...
Howden announces the creation of Howden Climate Parametrics, a global practice that brings together (re)insurance, climate, and data expertise to focus parametric risk transfer solutions on meeting the escalating demand...
A joint report by multilateral development banks published today finds that MDB climate finance reached a record high in 2022. The announcement comes as delegates meet in Marrakesh, Morocco, for the World...
When combined with other funding sources, the WIFIA program has supported $40 billion for America’s water infrastructure U.S. Environmental Protection Agency (EPA) announced a Water Infrastructure Finance and Innovation Act...
Amidst the challenging macroeconomic environment in many countries and concerns around public debt sustainability, progress in financing climate action in Asia and the Pacific has only fallen further behind, even...
The European Investment Bank (EIB) has pledged €1 billion over the next three years to Morocco’s post-earthquake reconstruction programme which will mobilise €12 billion by 2028. This financing is completely...
The European Investment Bank (EIB) has invested €150 million in the inaugural €600 million green bond issue by automotive supplier Valeo. A key feature of this operation is the establishment of a...
ING has published its annual Climate Report. This report explains how their financing impacts climate change, as well as how climate change impacts their business. It includes their progress on...
BlackRock has launched a new climate transition-oriented private debt fund (CPD), as part of the firm’s global private debt platform, which aims to provide investors with “a single-entry point to...
MEPs adopted a new voluntary standard for the use of a “European Green Bond” label, the first of its kind in the world. The regulation, adopted by 418 votes in...
PT Bank Rakyat Indonesia (BRI) Persero Tbk. (IDX: BBRI) has issued an IDR 6 trillion Green Bonds for 2023, with three series: 1-year (6.10% coupon rate), 2-year (6.35% coupon rate), and 3-year (6.30%...
In a significant development, Japanese pension funds managing a staggering 90 trillion yen, (equivalent to USD$600 billion), have announced their intention to participate in a global initiative for responsible investment....
The Asian Development Bank (ADB) has approved a $300 million loan to help fund a $665 million project to Catalyse Green Transformation by reducing poverty, cutting carbon emissions and improving...
The agreement between Hochschild Mining and BBVA is a ‘Club Deal’ facility totaling $200 million in favor of the mining companies Ares and Amarillo Mineraçao do Brasil. The sustainable operation...
TD Bank Group (TD) announced the Canadian and American launch of its accessibility browser plug-in, TD Accessibility Adapter, to the public at no cost. The tool, which enables users to...
Schroders has achieved top ratings for its alignment with the Operating Principles for Impact Management (Impact Principles), reinforcing the firm’s focus on global impact investment management. These results are the first...
A report released by Allianz Economic Research, Allianz X, UnternehmerTUM, and UVC Partners highlights the central importance of ClimateTech to the global transition to net zero. The ClimateTech industry, it notes,...
The OPEC Fund for International Development (the OPEC Fund) is supporting food security in Egypt with a US$10 million contribution to a US$200 million syndicated trade finance facility with the...
Tanzanian Bank NMB is launching a 10-year multi-currency medium-term bond worth 1 trillion Tanzanian shillings ($400 million) as part of a green bond initiative. The bond is the first of...
50 organizations granted a total of $25 million to pilot or expand catalytic solutions to improve food security globally Citi Foundation announced the grant recipients of its first-ever Global Innovation...
The U.S. Department of State, the Bezos Earth Fund, The Rockefeller Foundation, and the World Bank announced a strategic collaboration between the Energy Transition Accelerator (ETA) and the World Bank...
The European Investment Bank (EIB) has signed an agreement to co-finance the construction of Poland’s first offshore wind farm — one of the largest in the world — with a...
Video Archives Now Available: ESG and sustainability head Marisa Drew of Standard Chartered, one-on-one interview with Show Host, Ketan Patel, “Force For Good”. ESG News releases Marisa Drew Chief Sustinabilty...
Citizens Financial Group, Inc. (CFG), a commercial lender, announced $50 billion in sustainable finance target which includes a $5 billion in green financing, by 2030. The company aims to finance...
HSBC Holdings, one of the world’s largest banks, has announced plans to allocate $1 billion in financing to support climate-tech startup companies around the world. The financing is expected to...
Citigroup (C), BNP Paribas, and Standard Chartered are considering financing a $15 billion program to protect Indian Ocean habitats, Bloomberg reported, citing Thomas Sberna of the International Union for Conservation...
Lloyd’s, the world’s leading marketplace for insurance and reinsurance, announces a new collaboration with Moody’s Analytics to develop a solution that will help to quantify greenhouse gas (GHG) emissions* across...
S&P Global Ratings has updated its analytical approach for use of proceeds Second Party Opinions (SPOs) following its December 2022 acquisition of Shades of Green from the CICERO climate research foundation. The...
SGX Group and BlackRock are taking the lead in helping investors reach their low carbon transition objectives with the listing of iShares MSCI Asia ex-Japan Climate Action ETF. SGX, with...
Deutsche Bank and the European Investment Bank (EIB) are entering a new cooperation to support mid-sized companies with their sustainable transformation ambitions. Firms with between 250 and 3,000 employees will...
Zurich Resilience Solutions, the commercial risk advisory and services unit of Zurich Insurance Group (Zurich), and KPMG Switzerland, a leading professional services firm, have formed a strategic collaboration to offer...
MSCI launches MSCI Sustainability Institute to drive progress on the role of capital markets in creating sustainable value MSCI Inc. (NYSE: MSCI), a leading provider of critical decision support tools and services...
The International Finance Corporation (IFC) and Citi have agreed to launch a $300 million facility pilot under IFC’s newly established Global Supply Chain Finance Program (GSCF). The pilot will help...
Euronext, the leading pan-European market infrastructure, announced the launch of a series of strategic ESG initiatives aimed at accelerating the transition towards sustainable finance. These innovative ESG services were unveiled...
The Global Green Bond Initiative (GGBI) and the Inter-American Development Bank (IDB) have partnered to support the development of green bond markets in Latin America and the Caribbean (LAC). The...
Allianz is publishing its first comprehensive net-zero transition plan, which substantiates the company’s long-term strategic climate commitment to achieve net-zero emissions by 2050 in its proprietary investment and P&C underwriting...
Agreement with Asian Development Bank helps small and medium sized companies scale up in the region The Asian Development Bank (ADB) and Deutsche Bank have signed a risk participation agreement...
StartOut and J.P. Morgan have unveiled the 12th cohort of LGBTQ+ owned companies to participate in the StartOut Growth Lab Accelerator. The five-month long program provides entrepreneurs with networking, mentorship,...
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