EarthX 2025
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EarthX
Listen to this story: Syre, a textile-to-textile recycling startup launched by H&M Group and impact investor Vargas, has raised $100 million in Series A funding to make circular polyester production...
Listen to this story: South Korean steelmaker POSCO Holdings has successfully raised ...
Listen to this story: Google has signed its first offshore wind power ...
Listen to this story: Google has signed its first corporate power purchase ...
Listen to this story: The Department of Finance (DOF) is accelerating the ...
Listen to this story: The LEGO Group has officially opened its most ...
Listen to this story: Syre, a textile-to-textile recycling startup launched by H&M Group and impact investor Vargas, has raised $100 million in Series A funding to make circular polyester production...
Listen to this story: South Korean steelmaker POSCO Holdings has successfully raised $700 million through a heavily oversubscribed green bond issuance, reinforcing investor confidence in its sustainability strategy. The funding...
Listen to this story: Google has signed its first offshore wind power purchase agreement (PPA) in Asia Pacific, committing to buy clean energy from the 495 MW Fengmiao I offshore...
Listen to this story: Google has signed its first corporate power purchase agreement (PPA) for geothermal energy in Asia, marking a major step in its clean energy transition strategy across...
Listen to this story: The Department of Finance (DOF) is accelerating the country’s sustainable finance agenda by expanding the role of the Inter-Agency Technical Working Group on Sustainable Finance (ITSF),...
Listen to this story: The LEGO Group has officially opened its most environmentally sustainable factory to date in Binh Duong, Vietnam—marking a strategic move to expand its manufacturing footprint across...
Listen to this story: Abu Dhabi Future Energy Company PJSC – Masdar, the UAE’s leading renewable energy firm, has signed two pivotal agreements with PT PLN (Persero), Indonesia’s state-owned electricity...
Listen to this story: Neste and DB Schenker have joined forces to accelerate low-emission logistics in Asia-Pacific, kicking off a trial that marks the first use of Neste MY Renewable...
Listen to this story: Equinix successfully issued SGD 500 million in green bonds, marking its inaugural entry into Singapore’s bond market and the first such issuance by a U.S. corporate...
Hong Kong Exchanges and Clearing Limited (HKEX) announced achieving carbon neutrality across its global operations by the end of 2024, marking a key milestone in its climate action strategy. Paul...
Listen to this story: DBS and the Singapore Manufacturing Federation (SMF) have signed a landmark MOU to help Singapore’s manufacturing sector reduce emissions and stay competitive in the green economy....
Listen to this story: Hong Kong’s Mandatory Provident Fund Schemes Authority (MPFA) is enforcing stricter ESG disclosure requirements on 12 pension fund managers to boost transparency in risk management and...
Masdar, TotalEnergies, and EPointZero have signed a Framework for Action (FFA) to drive clean energy expansion in Africa and Asia, reinforcing UAE-France business cooperation. Strategic Collaboration The agreement, signed on...
Listen to this story: IFC’s First Sustainability-Linked Loan in Indonesia The International Finance Corporation (IFC) has announced its first sustainability-linked loan in Indonesia, aimed at advancing green building certification and...
Listen to this story: The Securities and Exchange Commission (SEC) has strengthened its ESG Product Platform by incorporating critical details about Sustainable and Responsible Investing (SRI) Funds, enhancing access to...
The Philippines has partnered with UAE’s Masdar, signing a $15 billion deal to develop renewable energy projects, including solar, wind, and battery energy storage systems (BESS), with a capacity of...
Listen to this story: Mobilizing substantial capital: Global impact leader responsAbility Investments has advanced its Asia Climate Strategy to over $350 million in its third funding round, surpassing initial private...
Listen to this story: The National University of Singapore (NUS), in partnership with Northern Trust and UOB, has unveiled a groundbreaking initiative to tokenise green bond reporting credentials, a first...
KPMG Singapore and the Singapore Institute of Directors (SID) have released their joint Budget 2025 Proposal, “Designing Singapore’s Future Together: Ready, Refreshed, and Resilient for Tomorrow.” The proposal outlines strategies...
Listen to this story: Philippine’s SEC Issues Draft Framework for Green Equity Offerings The Philippine Securities and Exchange Commission (SEC) has unveiled a draft memorandum circular outlining the Green Equity...
Indonesia’s Energy and Mineral Resources Minister Bahlil Lahadalia signed a decree allocating 15.6 million kilolitres (KL) of biodiesel for 2025, increasing the biodiesel blend to 40% (B40) by February. “The...
Vietnam has enacted a new Electricity Law, effective February 1, 2025, to modernize its energy sector and create a robust framework for renewable energy development. The amended law addresses longstanding...
Listen to this story: United Microelectronics Corporation (UMC) has solidified its renewable energy commitment through a landmark CPPA with Fengmiao I Offshore Wind Farm, a project led by Copenhagen Infrastructure...
Listen to this story: Verra, the global leader in climate action and sustainable development standards, has joined the Singapore Sustainable Finance Association (SSFA) to advance climate initiatives in Southeast Asia....
Why it matters: The Asian Development Bank (ADB) is supporting innovative financial tools like sustainability-linked bonds (SLBs) to accelerate climate action in Thailand and across Asia. These bonds tie financial...
Listen to this story: Singapore has announced the world’s first Master’s in Sustainable Healthcare and an Executive Fellowship to tackle climate change’s growing impact on healthcare systems. Launched by the...
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...
Listen to this story: 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...
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)...
Listen to this story: 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...
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)...
Listen to this story: 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...
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...
Listen to this story: 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 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...
Listen to this story: 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...
Listen to this story: 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...
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...
Listen to this story: 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...
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...
Listen to this story: IBM’s “Sustainability Technology Guide for Executives” offers a comprehensive roadmap for Asia Pacific businesses to harness technology for sustainability. Despite the growing importance of sustainable practices,...
PETRONAS, ADNOC, and Storegga have signed a Joint Study and Development Agreement (JSDA) to evaluate the carbon dioxide (CO2) storage capabilities of saline aquifers and develop CCS facilities in the...
CBRE has significantly bolstered its sustainability advisory capabilities in the Asia Pacific (APAC) region by acquiring Paia Consulting, a specialist sustainability consulting firm based in Singapore. This strategic acquisition doubles...
The APEC Business Advisory Council (ABAC) wrapped up its Tokyo meeting with a strong call for action on trade, digitalization, and climate response. Urgent Economic and Climate Action “Tackling trade...
Listen to this story: Deutsche Bank has introduced BASF’s first sustainability-linked payables finance program in Asia, targeting operations in China. This tailored solution meets global standards while catering to local...
Listen to this story: SAEL group has successfully issued its first US dollar-denominated green bonds, raising $305 million in the international markets. This marks a significant milestone, providing the company...
Cyan Renewables (“Cyan”), Asia’s leading offshore wind services platform, announced its acquisition of Australian offshore marine services provider MMA Offshore (“MMA”) (ASX) for A$1.1B (US$702M). This landmark deal makes Cyan...
KPMG has been named a leader in the IDC MarketScape: Asia/Pacific Sustainability/ESG Program Management Services 2024 Vendor Assessment. Why it matters The report emphasizes KPMG’s robust suite of digital tools...
Listen to this story: The HKSAR Government has successfully launched an HK$25 billion green bond offering, denominated in Renminbi (RMB), US dollars (USD), and euro (EUR) under the Government Sustainable...
China has announced a comprehensive plan to cut carbon emissions in its coal power industry, emphasizing the use of innovative technologies such as green ammonia, biomass, and carbon capture, utilization,...
ESG Due Diligence Rising in Priority ESG due diligence is becoming a critical priority for Australian dealmakers, mirroring global trends. According to KPMG’s ESG due diligence study, 71% of investors...
In-Depth Analysis: ASIFMA’s ISSB Standards Report ASIFMA Asset Management Group (AAMG) has unveiled a comprehensive report on the adoption of International Sustainability Standards Board (ISSB) Standards across Asia. This first-of-its-kind...
The Asian Development Bank (ADB) has launched a climate finance program in Thailand, partnering with the Ministry of Natural Resources and Environment’s Department of Climate Change and Environment (DCCE). The...
Listen to this story: Mercedes-Benz Auto Finance Ltd. (MBAFC), part of the Mercedes-Benz Mobility group, has achieved a significant milestone by issuing its first Green Auto Loan Asset-Backed Security (ABS)...
The seminar on “Green Fintech: Catalyst for Scaling Sustainable Finance”, which focused on green finance technology, was one of the key events of Hong Kong Green Week held by the...
To catalyze a viable blue finance market, foster green bonds and support smaller businesses in Vietnam, IFC is providing a financing package of $150 million to Southeast Asia Commercial Joint Stock Bank (SeABank,...
Listen to this story: FedEx continues to make inroads in deploying lower-emissions fleets and facilities in the region and increased its engagement with community sustainability initiatives Federal Express Corporation, one...
Key Impact Points: A Bloomberg survey of over 150 market participants from the banking, insurance, securities, and technology sectors who attended the Bloomberg Sustainable Finance Forum in Shanghai revealed significant...
Listen to this story: 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,...
In a bid to enhance supply chain transparency and sustainability, Indonesia will launch a digital dashboard by August to monitor key agricultural commodities such as palm oil, coffee, and rubber....
Singapore published an Environmental Crimes Money Laundering (ML) National Risk Assessment (NRA) which identifies the key threats and vulnerabilities in environmental crimes ML that Singapore is exposed to, and outlines...
Neste and the Singapore Airlines (SIA) Group have signed an agreement for the purchase of 1,000 tons of neat Neste MY Sustainable Aviation Fuel™. This will make SIA and Scoot, 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...
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...
Listen to this story: 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...
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...
JERA Co., Inc (“JERA”) recently signed a Joint Study Agreement (“JSA”) with Petroliam Nasional Berhad (PETRONAS), through its subsidiary – PETRONAS CCS Solutions Sdn. Bhd. (“PCCSS”), to evaluate the feasibility...
British International Investment (BII), the UK’s development finance institution (DFI) and impact investor, and Idemitsu Kosan (IKC), one of Japan’s leading energy companies, today announced a joint investment into Skye Renewables Energy...
Listen to this story: New ASEAN Energy (NAE) and ACTUAL have formed an agreement, leveraging ACTUAL’s AI-driven capital planning technology to develop a comprehensive net-zero emissions strategy for The Pengerang...
Listen to this story: Air Liquide and Vopak sign MoU to collaborate on infrastructure for ammonia import, cracking and hydrogen distribution infrastructure in Singapore Air Liquide and Vopak have signed...
Breaking down gender barriers to food security in the Philippines, Sri Lanka and India Deutsche Bank, through its Corporate Responsibility programme in Asia, is helping women from local communities and...
A joint press release by the S-Hub consortium. The S-Hub consortium, comprising ExxonMobil Asia Pacific Pte. Ltd. and Shell Singapore Pte. Ltd., is proud to be selected to work with...
Climate reporting to help companies ride the green transition All listed issuers to report from FY2025 and large non-listed companies from FY2027 The Accounting and Corporate Regulatory Authority (ACRA) and...
Listen to this story: 12 initiatives and 5 enablers to decarbonise Singapore’s aviation sector and support sustainable growth The Singapore Sustainable Air Hub Blueprint was launched today by Mr Chee...
Adani Green Energy Limited (AGEL), India’s largest renewable energy (RE) company and the second largest solar PV developer in the world, has operationalized 551 MW solar capacity in Khavda, Gujarat, by supplying...
Listen to this story: China’s cumulative installed capacity of renewable energy power generation is expected to surpass that of coal for the first time this year, amid optimized power supply...
EIB Global has signed memorandums of understanding for project co-financing with the Republic of Kazakhstan, the Kyrgyz Republic, the Republic of Uzbekistan and with the Development Bank of Kazakhstan for a...
The launch of the Singapore Sustainable Finance Association (SSFA) marks a significant milestone in Singapore’s journey to becoming a leading center for sustainable finance in Asia. In his keynote speech,...
Listen to this story: Key Impact Points: Coca-Cola India and India’s largest retailer, Reliance Retail, announced the launch of a sustainability initiative titled ‘Bhool Na Jana, Plastic Bottle Lautana’, focused on post-consumer PET...
Key Impact Points: Our youths play a crucial role in the journey towards a net-zero world. With their passion and fresh perspectives for a greener future, they are set to...
Listen to this story: Key Impact Points: Company Outlines Direction and “Break Through Limits” Management Policy During Press Conference in Las Vegas LG Electronics’ (LG) CEO William Cho and key company executives introduced...
Listen to this story: Key Impact Points: A.P. Moller – Maersk, one of the founding members of the Green Fuels Alliance India, will take a seat on the steering committee...
Key Impact Points: Enters tier 2 and 3 cities, to double workforce, diversify store formats to meet customer preferencesAnnounces opening of second Starbucks Reserve® store and a new Indian arabica coffee...
Listen to this story: The European Union will begin an anti-dumping investigation into biodiesel imports from China, which the bloc’s industry said has slashed domestic production. In August, it began...
Bloom Energy and SK ecoplant, an engineering and energy solutions provider and subsidiary of South Korean conglomerate SK Group, announced a sale of Bloom’s electrolyzer technology to deploy hydrogen as...
Deutsche Bank has announced an increase that doubles its total local capital to IDR 10 trillion (€600 million) for its business in Indonesia. The additional investment will support the bank’s...
Listen to this story: The four-day event brought together more than 150 national and regional policy makers to discuss how energy efficiency can drive India’s clean energy transition The International...
Listen to this story: Gleaming under sunlight are houses in Xinma, a picturesque village in South China’s Qingyuan City. Their rooftops are mounted with distributed photovoltaic panels, which are being autonomously...
Listen to this story: JCB unveiled its pioneering hydrogen combustion technology at EXCON, India’s premier construction equipment trade show taking place in Bengaluru. In its first-ever trade show appearance anywhere...
Listen to this story: Largest-ever private equity fund close for an Asia-based independent fund manager that focuses on next-generation infrastructure to bolster the region’s energy transition and digital infrastructure development...
The Asian Development Bank (ADB) and the Japan International Cooperation Agency (JICA) have signed an agreement to establish the Leading Asia’s Private Infrastructure Fund 2 (LEAP 2) with capital of up to...
Singapore and Papua New Guinea (PNG) signed an Implementation Agreement on carbon credits cooperation under Article 6 of the Paris Agreement. The Agreement was signed by Minister for Sustainability and...
A.P. Moller – Maersk (Maersk) is about to launch the first of its 18 large methanol-enabled vessels currently on order. On 9 February 2024, it will enter service on the...
A.P. Moller-Maersk (Maersk) announced more than USD$500 million investment to expand its supply chain infrastructure to support Southeast Asia’s emergence as a global production hub and a consumption powerhouse. Maersk’s...