ESG Asia
The Future of Jobs Report 2025 outlines how macrotrends, including technological advancements, economic shifts, and climate priorities, will reshape the labor market by 2030. The report, based on insights from...
ESG Reporting Intelligence has unveiled ESG Asset Management, a comprehensive solution designed to optimize ESG reporting and asset management strategies. The platform provides real-time data and tools to help organizations...
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...
Lauren Smart has been appointed Head of S&P Global Sustainable1, taking on the leadership role as the business merges with S&P Global Commodity Insights to create an expanded Energy Transition...
The Science Based Targets initiative (SBTi) has appointed David Kennedy as its new CEO after a competitive global recruitment process. Kennedy, a seasoned leader in sustainability and climate strategy, will...
The U.S. Department of the Treasury and IRS released final rules for the Clean Electricity Investment and Production Tax Credits under sections 45Y and 48E of the tax code. These...
Great Britain marked a milestone in 2024 as coal generation ended on September 30 with the closure of Ratcliffe power station. This marked the final chapter of 142 years of...
A New Chapter in Sustainability Leadership Chris Leong, who has served as Schneider Electric’s Chief Marketing Officer for 10 years, has been appointed Chief Sustainability Officer effective January 2025. In...
Leadership Transition at Terrascope Terrascope, a global leader in carbon measurement and decarbonization, appointed Felipe Daguila as its new CEO, effective January 7, 2025. Daguila, who joined the company in...
Navigating Stricter EU Emissions Rules To comply with the EU’s 2025 carbon emissions rules, major automakers are partnering with electric vehicle (EV) leaders like Tesla and Polestar to pool CO₂...
Modernizing EU Construction Standards The European Union’s new Construction Products Regulation officially takes effect, replacing the 2011 rules to modernize the industry and boost competitiveness across the EU Single Market....
Tangible Climate Action in Chile Chile received its first $5.1 million payment under the Emission Reductions Payment Agreement (ERPA) with the Forest Carbon Partnership Facility (FCPF) for reducing 1.03 million...
Historic Clean Energy Partnership Constellation, the largest U.S. producer of emissions-free energy, secured over $1 billion in contracts with the U.S. General Services Administration (GSA) to supply carbon-free energy and...
Pioneering Carbon Storage in Kern County The U.S. Environmental Protection Agency (EPA) issued four Class VI Underground Injection Control (UIC) permits to Carbon TerraVault (CTV), a subsidiary of California Resources...
From Climate to Human Capital Robeco’s Active Ownership team is expanding its engagement themes for 2025, prioritizing deforestation, resource management, and diversity. The new approach builds on its longstanding climate-focused...
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 Guidelines, a framework designed...
President Biden has taken decisive action to protect U.S. coastal waters from offshore oil and gas drilling, conserving over 625 million acres of the Atlantic, Pacific, and Northern Bering Sea....
XDI (Cross Dependency Initiative) unveiled the XDI Climate Risk Hub at New York Climate Week, introducing a comprehensive platform for on-demand climate risk analysis across industries and geographies. “This platform...
The UK Government has committed £7.2 million to help developing countries transition to nature-positive economies. The International Nature Positive Economy Programme, announced by Treasury Lords Minister Baroness Penn at the...
The World Bank kicked off its 2025 funding program with an Australian dollar (AUD) 1.75 billion 5-year Sustainable Development Bond, maturing January 10, 2030. The bond, offering a 4.35% fixed...
Mizuho Securities, in collaboration with Blue Sky Solar, is pioneering renewable energy funding in Japan through private security token issuance (STO). This marks Japan’s first-ever tokenized infrastructure private equity fund,...
The U.S. Department of the Treasury and IRS released final rules for the section 45V Clean Hydrogen Production Tax Credit, aiming to drive industry growth while meeting stringent emissions standards....
Heidrick & Struggles has expanded its Climate & Sustainability Practice, reinforcing its commitment to global leadership in climate solutions. The expansion, led by Global Head Scott Atkinson, adds four senior...
Poland’s power-grid operator PSE announced a $15.4 billion (64 billion zlotys) investment plan spanning 2025 to 2034. The plan includes: Renewable Energy Focus: PSE’s infrastructure upgrades will enable the delivery...
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...
Fervo Energy, a pioneer in next-generation geothermal energy, announced $255 million in new funding to accelerate the deployment of its enhanced geothermal systems (EGS) projects. The funding includes $135 million...
The Johannesburg Stock Exchange (JSE) is revamping its Sustainability Disclosure Guidance to reflect the finalized IFRS S1 and IFRS S2 standards issued by the International Sustainability Standards Board (ISSB) and...
U.S. Banks Leave NZBA Amid Political U.S. Banks Leave NZBA Under Political and Legal Pressure Morgan Stanley, Citi, and Bank of America have joined Wells Fargo and Goldman Sachs in...
Norway’s Electric Milestone In 2024, 89% of new cars sold in Norway were fully electric, marking a significant leap from 82% in 2023, according to data from the Norwegian Road...
Financial Close for Empire Wind 1 Equinor has secured over $3 billion in project financing for Empire Wind 1, with financial close reached in December 2024. The project’s total capital...
JPX’s ESG Tool Launch Japan Exchange Group, Inc. (JPX) and JPX Market Innovation & Research, Inc. have introduced the “JPX Sustainability Information Search Tool (Beta Version)” to enhance sustainability-related disclosures...
Portugal’s Renewable Energy Milestone Portugal’s renewable energy generation hit a record 71% in 2024, marking a significant leap from 61% in 2023, according to grid operator REN. REN stated, “This...
Qatar’s Sustainable Finance Surge In 2024, Qatar set a regional benchmark by issuing $2.5B in green bonds to fund environmentally friendly projects, marking a new era for sustainable finance. Invest...
Japan’s Carbon-Neutral Drive Japan’s Prime Minister Shigeru Ishiba unveiled the “GX 2040 Vision” at the Yomiuri International Economic Society event, outlining a transformative industrial policy rooted in ESG principles. “Carbon...
JSW Energy, led by billionaire Sajjan Jindal, has announced a $1.47 billion acquisition through its JSW Neo Energy unit to buy renewable energy platform O2 Power’s subsidiaries. This significant deal...
Poland’s state development fund, PFR SA, is positioning itself as a key player in the country’s energy transition by becoming an anchor investor in green bond sales. This move is...
Meta, the World Resources Institute (WRI), and Land & Carbon Lab have unveiled the first global AI-powered map of tree canopy height at 1-meter resolution. This groundbreaking tool enables detection...
Morgan Stanley Infrastructure Partners (MSIP), part of Morgan Stanley Investment Management, has announced the sale of its 50% ownership stake in Höegh Evi Ltd. to funds managed by Igneo Infrastructure...
Executives worldwide are doubling down on sustainability commitments, with 85% planning to disclose climate-related data regardless of political or regulatory shifts, according to a recent Workiva survey of 1,600 global...
Ed Miliband’s ambitious drive to make Britain Net Zero by 2029 comes with a hefty £37.4 billion price tag, according to an audit by The Mail on Sunday. The allocation...
In the festive spirit, I’m channeling Charles Dickens, the man who gave us A Christmas Carol and popularized the holiday season. Another of his classics, A Tale of Two Cities,...
Emirati investment firm Kazar is investing $2.5 billion to build a hybrid renewable energy station in Egypt’s Zafarana region. The project, a collaboration with the Egyptian government, will deliver a...
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...
Abu Dhabi has introduced MARSDNA, a groundbreaking tool designed to advance Environmental, Social, and Governance (ESG) goals in the maritime sector. Developed by Maqta Technologies Group, this free, user-friendly digital...
The Environment Agency – Abu Dhabi (EAD) has launched an international standard carbon Measurement, Reporting, and Verification (MRV) programme to address carbon emissions and accelerate the emirate’s transition to a...
Trane Technologies a global climate innovator, has named Mauro Atalla as its new Chief Technology and Sustainability Officer, effective January 5, 2025. Atalla will lead the company’s product development, innovation,...
New York state has enacted a groundbreaking climate law to hold fossil fuel companies accountable for their role in the climate crisis. Governor Kathy Hochul signed the bill into law...
What’s happening: India is reconsidering its decade-old, $30 billion program requiring coal-fired power plants to install flue-gas desulphurization (FGD) systems. Only 8% of the 540 targeted power plant units have...
What’s happening: China has greenlit the construction of the world’s largest hydropower dam on the Yarlung Zangbo River in Tibet. This ambitious project aims to produce 300 billion kilowatt-hours of...
What’s happening: Trrue, an Ireland-based layer-1 blockchain focused on ESG compliance and real-world asset tokenization, has secured a $10 million investment commitment from GEM Digital, a Bahamas-based $3.4 billion alternative...
What’s happening: Nostromo Energy received a conditional commitment for a $305.5 million loan guarantee from the U.S. Department of Energy (DOE). The funds will finance Project IceBrick®, deploying Nostromo’s innovative...
What’s happening: Hyundai has partnered with its UAE distributor, Juma Al Majid Company, to deliver two hydrogen fuel cell buses as part of Abu Dhabi’s Green Bus Programme. This initiative,...
China’s journey toward corporate sustainability reporting has gained momentum in recent years. The Ministry of Finance (MOF), collaborating with nine other departments, unveiled the Basic Standards on December 17, 2024,...
The Science Based Targets initiative (SBTi) has released updated plans for its sectoral standards targeting the oil and gas, chemicals, and power industries—three of the largest global emitters. These updates...
The Environment Agency – Abu Dhabi (EAD) has reported a dramatic reduction in single-use plastic bag consumption since implementing its Single-Use Plastic Policy in June 2022. In just two years,...
Methane emissions from oil and gas operations in the Permian Basin decreased by 26% in 2023, according to an analysis by S&P Global Commodity Insights. This reduction, amounting to 34...
The U.S. Environmental Protection Agency (EPA) has granted California the authority to implement its Advanced Clean Cars II (ACC II) regulations and low-NOx standards for heavy-duty and off-road vehicles. These...
Japan’s environment and industry ministries have finalized a plan to cut greenhouse gas (GHG) emissions by 60% from 2013 levels by 2035, marking an ambitious update to its prior target...
The Suez Canal Economic Zone (SCZONE) has finalized $64 billion in green hydrogen investments through 12 framework agreements, aiming to produce 18 million tons of green hydrogen annually. Chairperson Waleid...
The financial services sector in the Asia Pacific (APAC) region plays a pivotal role in advancing sustainability goals. According to the Sustainability Counts III report, progress in this industry depends...
DP World has become the first company in the Middle East and North Africa (MENA) region to issue a Blue Bond, raising $100 million for sustainable maritime and water-focused projects....
The European Commission has introduced the Flight Emissions Label (FEL), a voluntary program offering airlines a standardized and transparent way to report flight emissions. Fully operational by July 2025, FEL...
The European Commission has awarded the construction contract for its new Joint Research Centre (JRC) building in Seville, Spain. Once approved by the European Parliament and the Council of the...
The U.S. Department of Energy’s (DOE) Office of Clean Energy Demonstrations (OCED) has opened applications for $1.8 billion in funding to accelerate Direct Air Capture (DAC) technology. This initiative focuses...
Italian state railways, Ferrovie dello Stato, is making a bold push into renewable energy. CEO Stefano Donnarumma announced plans for a €1.3 billion ($1.36 billion) investment in a photovoltaic plant,...
Snam Signs €4B Sustainability-Linked Credit Facility Snam has finalized a €4 billion sustainability-linked revolving credit facility, marking a significant milestone in its commitment to achieving carbon neutrality by 2040 and...
Europe’s Banks Are “In Debt to the Planet” Europe’s 25 largest banks are not doing enough to address the dual crises of climate change and biodiversity loss, according to a...
UK FRC Pushes for ISSB Reporting Standards The UK Financial Reporting Council (FRC), acting as secretariat to the UK Sustainability Disclosure Technical Advisory Committee (TAC), has urged the UK Government...
Tackling Growing Energy Demand in 2024 As global electricity demand continues to surge, driven by AI, electrification, and digitalization, building smarter energy systems presents both challenges and opportunities. In 2024,...
Qcells’ Solar Manufacturing Expansion The Department of Energy’s Loan Programs Office (LPO) has announced a $1.45 billion loan guarantee to Hanwha Qcells Georgia for constructing a state-of-the-art solar manufacturing facility...
VictoriaMetrics Drives Efficiency in Gemini Solar + Storage Project VictoriaMetrics has partnered with IHI Terrasun Solutions to deliver advanced data management for the $1.2 billion Gemini Solar + Storage project,...
Iberdrola’s Milestone Investment in Sicily Iberdrola has secured a €100 million green loan from the European Investment Bank (EIB), backed by SACE’s Archimede guarantee, to construct a state-of-the-art photovoltaic (PV)...
Crusoe, the industry’s first vertically integrated AI infrastructure provider, has raised $600 million in Series D funding, valuing the company at $2.8 billion. Founders Fund led the round, joined by...
President Joe Biden has announced an ambitious 2035 climate target to reduce U.S. greenhouse gas emissions by 61-66% below 2005 levels. This builds on the U.S. commitment to achieve net-zero...
The U.S. Department of Energy’s (DOE) Loan Programs Office (LPO) has approved a $15 billion conditional loan guarantee to Pacific Gas & Electric (PG&E) for hydropower, battery storage, and grid...
Vanguard Renewables has appointed Michael O’Laughlin as its Chief Executive Officer, tasking him with accelerating the national growth of its Farm Powered® anaerobic digestion platform. O’Laughlin, an experienced leader in...
PwC has partnered with Oracle to launch new services that simplify data consolidation and reporting for multinational organizations facing complex compliance standards, including OECD Pillar Two, the Corporate Sustainability Reporting...
Canada has entered a new era of sustainability reporting with the release of CSDS 1 and CSDS 2, now included in the CPA Canada Handbook – Sustainability. These standards, crafted...
Deutsche Bank has facilitated a AUD 2.3 billion financing package for Global Power Generation Australia (GPG) to expand its renewable energy portfolio in the Asia Pacific region. Acting as the...
The International Finance Corporation (IFC), part of the World Bank Group, has issued a 2 billion SEK green bond dedicated to financing biodiversity initiatives in emerging markets. SEB served as...
Accenture has agreed to acquire IQT Group, an Italian provider of engineering managed services for large infrastructure projects, to advance its capabilities in planning and executing net-zero infrastructure initiatives. Expanding...
IOSCO has announced the launch of a dedicated network to support Growth and Emerging Markets Committee (GEMC) members in adopting or integrating ISSB Sustainability Disclosure Standards. The network initially includes...
Bill Gates’ Breakthrough Energy Catalyst has awarded a $40 million grant to Deep Sky, a Canadian startup building a cutting-edge test ground for Direct Air Capture (DAC) technologies in Alberta....
DP World UK has unveiled a Carbon Inset Programme Trial aimed at helping importers lower hard-to-abate Scope 3 emissions from containerized supply chains. Running from January 1 to June 30,...
EFRAG has delivered its technical advice on the Voluntary Sustainability Reporting Standard (VSME) for non-listed small and medium-sized enterprises (SMEs), a move set to streamline sustainability reporting and support SMEs...
Google has signed a 15-year power purchase agreement (PPA) with Copenhagen Infrastructure Partners (CIP) to secure 250MW of wind power from the Zeevonk project, a groundbreaking renewable energy initiative in...
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 Partners (CIP). The agreement...
The News: Brown‑Forman Corporation, known for premium spirits like Jack Daniel’s and Woodford Reserve, has successfully engaged 100% of its direct farmers in regenerative agriculture, achieving its first sustainability goal...
The News: KPMG’s 2024 Survey of Sustainability Reporting highlights strong sustainability reporting progress among Belgian companies, driven by upcoming EU regulations and a growing focus on governance and transparency. Key...
The News: UPP Group Holdings, a leading provider of UK on-campus student accommodation, has secured its first sustainability-linked £110M corporate revolving credit facility (RCF) with Deutsche Bank. The deal links...
The News: Ecuador has completed a $1.5 billion debt-for-nature swap to fund the Amazon Biocorridor Program, unlocking $460 million for conservation efforts over the next 17 years. This is Ecuador’s...
The News: Google, Stripe, and other Frontier coalition members are investing $80 million in carbon credits to fund two firms deploying innovative carbon capture technologies at paper mills and sewage...
The News: The European Parliament approved a one-year delay for the EU deforestation law, which aims to ban products sourced from deforested or degraded land. Initially set to take effect...
The News: Japan has unveiled a draft energy policy targeting 40-50% renewable energy in its power mix by fiscal year 2040, alongside a steady reliance on nuclear power at 20%....
The European Securities and Markets Authority (ESMA) has published a Q&A to provide clarity on the Guidelines for funds’ names using ESG or sustainability-related terms. This guidance ensures a consistent...
Boston Consulting Group (BCG) has announced a 50,250-tonne purchase of certified carbon dioxide removals (CDRs) through ClimeFi, reinforcing its position as a global leader in durable carbon removal. This marks...
SAP has announced the global availability of SAP Green Ledger, a cutting-edge carbon accounting solution that integrates emissions data into financial systems. This marks a significant step toward connecting environmental...
The Department of Energy (DOE) has approved its largest-ever loan of $9.63 billion to BlueOval SK LLC (BOSK) to construct three electric vehicle (EV) battery plants. These facilities—one in Tennessee...
Google DeepMind’s latest AI weather forecasting model, GenCast, is revolutionizing how weather predictions are made. By outperforming the European Centre for Medium-Range Weather Forecasts’ (ECMWF) ENS system, GenCast delivers faster,...
The European Securities and Markets Authority (ESMA) has launched a consultation to gather input on digitalizing sustainability and financial disclosures through the European Single Electronic Format (ESEF). The goal? To...
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