ESG Asia
The News: The European Union has finalized ambitious regulations requiring all packaging to be 100% recyclable by 2030. The comprehensive rules target the full lifecycle of packaging,emphasizing re-use, recycling, and...
Climate activists and ESG investors are rethinking their strategies for the anti-ESG age. The anti-ESG movement has been building for around three years now, but with the imminent arrival of...
UK’s Energy Revolution The UK government has launched its Clean Power Action Plan, aiming to secure energy independence and tackle the climate crisis by 2030. Energy Secretary Ed Miliband called...
Robin Hodess to Lead GRI as CEO The Global Reporting Initiative (GRI) has appointed Robin Hodess as its new CEO, effective February 2025. Hodess, currently Chief of Strategy and Impact...
Invesco Unveils Climate-Focused ETF Invesco Ltd. has launched the Invesco MSCI North America Climate ETF (KLMN), which debuted on the New York Stock Exchange with $2.4 billion in assets from...
Iberdrola and Kansai Team Up on Offshore Wind Iberdrola, a global leader in renewable energy, has partnered with Kansai Electric, Japan’s second-largest utility, in the €1.28 billion Windanker offshore wind...
Canada’s Plan to Green AI Infrastructure Canada’s federal government is exploring a $15 billion incentive to encourage domestic pension funds to invest in artificial intelligence (AI) data centers powered by...
Canada’s 2035 Emissions Target: Balancing Climate Action and Economic Growth Canada has unveiled an ambitious emissions reduction target of 45-50% below 2005 levels by 2035, reinforcing its commitment to achieving...
Groupe SEB’s 2030 ESG Roadmap Groupe SEB, a global leader in small domestic equipment, is doubling down on sustainability with its 2024-2030 ESG roadmap, unveiled during its ESG Investor Day....
Launching the CCIC Microsoft and Acadia Infrastructure Capital have partnered to launch the Climate and Communities Investment Coalition (CCIC), targeting a $9 billion pipeline of renewable energy projects across the...
Google has signed a landmark long-term agreement with carbon removal startup Terradot, combining equity investment with a commitment to purchase 200,000 tons of carbon removal credits by the early 2030s....
The Story: The Hong Kong government unveiled a roadmap to implement the International Financial Reporting Standards – Sustainability Disclosure Standards (ISSB Standards) across publicly accountable entities (PAEs) by 2028. This...
The Story: Microsoft has launched a groundbreaking datacenter design that consumes zero water for cooling, a significant step toward sustainability amid rising water stress. The innovative design employs chip-level cooling...
The Story: Stellantis and CATL are investing €4.1 billion in a joint venture to construct a state-of-the-art lithium iron phosphate (LFP) battery plant in Zaragoza, Spain. The facility, targeting a...
The Story: California has delayed full enforcement of its climate reporting requirements, originally set to begin in 2026. The California Air Resources Board (CARB) announced it would use “enforcement discretion,”...
The Story: Ecuador has introduced a $1 billion bond as part of a debt-for-nature swap aimed at funding conservation efforts in the Amazon rainforest. This move builds on the success...
A new EY Institutional Investor Survey highlights growing skepticism and inaction within the investment community regarding ESG (Environmental, Social, and Governance) priorities. Investors wary of ESG reporting The survey of...
ING has introduced the ING Upgrader, an all-in-one service designed to make sustainable home improvements easier and more accessible for its mortgage customers. Launched on December 9, the service addresses...
German promotional bank KfW has unveiled plans to issue €10 billion in green bonds in 2025, further cementing its leadership in sustainable finance. The announcement came during its annual capital...
DWS has announced the first close of its ESG Infrastructure Debt Strategy (EIDS), securing €323 million from institutional investors across EMEA and APAC. This milestone highlights growing demand for sustainable...
Equinor, alongside bp and TotalEnergies, has taken a major step forward in decarbonizing the UK’s industrial regions with the approval of the Northern Endurance Partnership (NEP) and Net Zero Teesside...
IBM and Texas A&M AgriLife unveiled SWAT VEXA, a free AI virtual assistant, today at COP16 in Riyadh, marking a major step forward in sustainable agriculture. Built using IBM’s Deep...
Google, Intersect Power, and TPG Rise Climate have announced a groundbreaking partnership to align clean energy generation with data center development. The collaboration introduces a “power-first” approach, co-locating carbon-free energy...
Schneider Electric has been named the official sustainability partner of the Boston Athletic Association (B.A.A.), which organizes the Boston Marathon and other iconic races. The six-year partnership will focus on...
The Asia-Pacific (APAC) region is accelerating its adoption of climate-related financial disclosure regulations aligned with the International Sustainability Standards Board (ISSB). With ISSB standards taking effect globally in January 2024,...
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. This partnership aligns Verra’s...
SGS has unveiled its Climate pillar under the IMPACT NOW for sustainability suite, delivering a robust array of services designed to help organizations take meaningful climate action. Leveraging its decades...
Switzerland has made significant progress toward its net-zero emissions goals, achieving a 24% reduction in emissions from 1990 to 2022, while doubling the size of its economy. A new UBS...
India is taking a bold step to boost local manufacturing in its clean energy sector. Starting June 2026, all solar photovoltaic (PV) modules used in clean energy projects must be...
The Swiss Federal Council has launched a consultation on proposed updates to its sustainability-related disclosure rules, aimed at aligning with international developments and Switzerland’s climate targets. The consultation, initiated during...
At this year’s Microsoft Ignite, the company unveiled groundbreaking AI innovations aimed at empowering organizations to enhance ESG data transparency, gain actionable insights, and achieve their sustainability goals. Developed for...
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...
Why it matters: Corporate sustainability efforts are falling short due to internal and external barriers, according to ERM’s Sustainability Transformation Survey. Overcoming these obstacles is vital for achieving ambitious ESG...
Why it matters: The EU’s Corporate Sustainability Reporting Directive (CSRD) is reshaping sustainability reporting, requiring detailed ESG disclosures aligned with European Sustainability Reporting Standards. Many businesses are struggling to meet...
Why it matters: Offshore wind is pivotal for decarbonizing hard-to-abate sectors and achieving global net-zero goals. bp and JERA are joining forces to accelerate progress with JERA Nex bp, set...
Accelerating the Path to Net-Zero Deloitte’s Low-Carbon Solutions Page provides actionable insights into the challenges and solutions required to decarbonize hard-to-abate sectors. These industries, vital to meeting Paris Agreement goals,...
Why it matters: Brookfield Renewable, a global leader in renewable power, continues to align its financing strategy with ESG priorities. This issuance demonstrates investor appetite for sustainable investments and bolsters...
Why it matters: Sustainability is no longer optional. Investors, customers, and regulators are demanding businesses demonstrate accountability on environmental, social, and governance (ESG) issues. Yet, many organizations struggle to operationalize...
Abu Dhabi Finance Week (ADFW) 2024 commenced today under the patronage of His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of...
Top 7 Sustainable Travel Tips for Winter Holiday Related Article: 11 Tips For A Sustainable Holiday Season For More Sustainable Travel Tips: Follow us on LinkedIn
Here are five notable sustainability developments from the past week: Related Article: IMF Barbados Agree To $30 Million in Loans Under Climate Trust Follow ESG News on LinkedIn
Companies racing to meet the EU’s Corporate Sustainability Reporting Directive (CSRD) requirements are now facing an added layer of complexity as the rule is set to be re-opened and potentially...
Brisbane, Calif. – Heirloom, a leading U.S. Direct Air Capture (DAC) company, has raised $150 million in Series B funding to scale its cost-efficient carbon removal technology. Co-led by Future...
Oslo, Norway, Dec 6, 2024 (ESG NEWS) – SLB Capturi has achieved a major milestone with the completion of the world’s first industrial-scale carbon capture plant at Heidelberg Materials’ cement...
The UN-convened Net-Zero Asset Owner Alliance (NZAOA) is calling for mandatory regulatory mandates to address persistent challenges in Scope 3 emissions disclosure, which account for up to 75% of most...
London, Dec 6, 2024 (ESG NEWS) – Qatar has officially launched the trading of its first green bonds on the London Stock Exchange (LSE), marking a milestone in the nation’s...
Riyadh, Dec 6, 2024 (ESG NEWS) – The King Abdullah Petroleum Studies and Research Center (KAPSARC) and Climeworks, a global leader in carbon dioxide removal, have signed a Memorandum of...
BNP Paribas Asset Management (BNPP AM) has launched its first infrastructure private equity fund, the BNP Paribas Low Carbon Transition Infra Equity Fund I, targeting €750M to advance Europe’s energy...
Aramco, Linde, and SLB have signed a shareholders’ agreement to develop one of the world’s largest Carbon Capture and Storage (CCS) hubs in Jubail, Saudi Arabia. The project, a cornerstone...
A PwC Luxembourg report reveals that 55% of FY2024 companies foresee challenges in maintaining data quality and consistency as they prepare for Corporate Sustainability Reporting Directive (CSRD) compliance. The directive...
Meta Platforms Inc. has announced a deal to purchase green credits from four major U.S. solar energy projects developed by Invenergy. This strategic move aims to meet Meta’s escalating clean...
EQT, a global investment leader, has unveiled its Transition Infrastructure strategy, focused on scaling businesses that drive the shift to clean energy and a circular economy. This strategy targets investments...
The Climate Investment Funds (CIF) board has approved a $37 million investment plan to protect Ethiopia’s rural communities from climate-related shocks and safeguard its carbon-rich forests. With $492 million in...
Meta Follows Steps of Tech Giants, Looks to Nuclear Energy to Power AI and Sustainability Goals Meta has announced a request for proposals (RFP) to identify nuclear energy developers capable...
Schneider Electric, a leader in digital energy management, has announced a suite of AI-ready data center solutions to tackle the dual challenges of energy consumption and sustainability in AI infrastructure....
A recent survey conducted by the Morgan Stanley Institute for Sustainable Investing reveals that the majority of institutional investors anticipate significant growth in sustainable assets over the next two years....
Mirova, a sustainability-focused investment manager under Natixis Investment Management, has launched an integrated real assets platform combining its Energy Transition Infrastructure, Natural Capital, and Private Equity businesses. The platform, effective...
ConnectDER, a leader in home energy technology, has raised $35 million in Series D funding to advance its electrification solutions. The funding, led by Decarbonization Partners—a joint venture of BlackRock...
The European Commission has launched €4.6 billion in funding under the Innovation Fund to accelerate decarbonization and enhance Europe’s green technologies. These initiatives are critical for meeting climate neutrality goals...
The 16th Conference of the Parties (COP16) to the UN Convention to Combat Desertification (UNCCD), held for the first time in Riyadh, brought in $12 billion in pledges to address...
The European Union has agreed to delay the enforcement of its deforestation regulation by 12 months, moving the application date to December 30, 2025. This decision aims to provide additional...
The European Bank for Reconstruction and Development (EBRD) has appointed Harry Boyd-Carpenter as Managing Director of its Sustainable Infrastructure Group (SIG), a key division covering municipal infrastructure, transport, and energy....
Aramco, TotalEnergies, and the Saudi Investment Recycling Company (SIRC) have joined forces to evaluate the development of a sustainable aviation fuels (SAF) plant in Saudi Arabia’s Eastern Province. The initiative...
The Biden administration has reached a significant milestone by awarding more than $100 billion in grants from the Inflation Reduction Act (IRA), President Joe Biden’s signature climate legislation. This achievement...
Qatar has pledged £1 billion ($1.3 billion) to bolster the UK’s climate technology sector, with a focus on fostering innovation and supporting the energy transition. Rolls-Royce, a key player in...
Key Impact Points: As sustainability rises to the forefront of corporate responsibility, businesses are grappling with the challenge of measuring and reporting greenhouse gas (GHG) emissions. Speeki’s new AI-powered tool,...
Vancouver, Canada – December 2024 – The Canadian government is making bold investments to decarbonize heavy-emitting industries and support clean technology innovation in British Columbia. $12.5 million in funding was...
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 Centre for Sustainable Medicine...
ADNOC has unveiled XRG, a transformational international investment company with an enterprise value exceeding $80 billion. The independently operated venture focuses on lower-carbon energy and chemicals, aiming to double its...
EQT Active Core Infrastructure fund (EQT) and global investor GIC have announced an agreement to acquire a majority stake in Calisen Group, a leading UK provider of smart meters and...
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...
ATLANTA, Dec. 2, 2024 – The Coca‑Cola Company has unveiled updated environmental goals aimed at advancing its sustainability agenda through 2035. These targets prioritize water security, packaging sustainability, and emissions...
Matthew Chan has joined Flint Global as a Partner in their Asia Pacific team based in Hong Kong. Chan comes from J.P. Morgan, where he established the firm’s Corporate Sustainability...
EU Taxonomy FAQ: A Step Towards Usability The European Commission released a comprehensive FAQ document to aid in implementing the EU Taxonomy, its sustainability classification system. Aimed at reducing administrative...
The Role of Technology in ESG Integrating Environmental, Social, and Governance (ESG) principles into business strategies is increasingly essential. PwC’s new blog series sheds light on how ESG technologies are...
CBRE IM strengthens sustainability leadership CBRE Investment Management (CBRE IM) has named George Crone as Sustainability Lead for UK Direct Investments, reinforcing its commitment to achieving net-zero and advancing its...
Sustainability as a Business Imperative A new DHL Express global survey of 5,000 SME decision-makers across 11 markets reveals that sustainability is now a critical priority for small and medium-sized...
A Strategic Alliance for Sustainability Orbital Materials and Amazon Web Services (AWS) have announced a multi-year partnership aimed at revolutionizing data center efficiency and decarbonization. Orbital’s proprietary AI platform will...
IFC champions biodiversity with landmark green bond The International Finance Corporation (IFC), part of the World Bank Group, issued a green Kangaroo bond worth AUD 700M to close the biodiversity...
Schroders pioneers sustainable investment labels Schroders announced plans to adopt the UK Financial Conduct Authority’s (FCA) Sustainability Disclosure Requirements (SDR) labels for 10 of its funds, solidifying its position as...
Maersk’s bold sustainability push A.P. Moller-Maersk, a global shipping leader, is targeting up to 20% of its marine fuel consumption to come from alternative sources by 2030. This move is...
The IWBI’ Groundbreaking Health and Wellbeing Framework at NASDAQ Event At a significant event held at the NASDAQ Marketsite, Rachel Hodgdon, President and CEO of the International WELL Building Institute...
Fiona Reynolds, Executive Director for PRI interview with David Nelson at Sustainable Stock Exchange Initiative (NYSE)
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Driving Sustainability and Growth CaixaBank has unveiled its 2025-2027 Sustainability Plan, a cornerstone of its Strategic Plan, committing to mobilize €100 billion in sustainable finance—a 56% increase from its previous...
Strategic Partnership for Forest Conservation Eni has signed a landmark agreement with Côte d’Ivoire’s Ministry of Water and Forests to protect and restore 14 forests across a total area of...
Barclays Calls for Bold Action Barclays has urged the UK Government to take decisive steps to decarbonize homes and meet the ambitious 2035 emissions reduction target of 81% below 1990...
Lufthansa Cargo and A.P. Moller – Maersk (Maersk) have announced a strategic collaboration aimed at reducing CO₂ emissions in airfreight through the use of Sustainable Aviation Fuel (SAF). As part...
DHL Express and Shell have entered into a landmark 1-year agreement to promote sustainable air freight operations at Brussels Airport. The deal includes the delivery of 25 kt of Sustainable...
Driving Collective Action at COP16 The OPEC Fund for International Development (OPEC Fund) will actively contribute to global discussions on combating desertification and restoring degraded land at COP16, hosted in...
A New Chapter for Arkolia Mirova and BNP Paribas Asset Management have jointly invested over €200 million in Arkolia, a leading French renewable energy developer. Each acquired an equal stake...
BNP Paribas’ Shift Towards Sustainable Investing In a November strategy update, BNP Paribas Asset Management announced it would cease investments in new bonds issued by oil and gas exploration and...
IAG’s Bold Step Towards Decarbonization International Airlines Group (IAG) has announced a groundbreaking purchase agreement with e-SAF producer Infinium to bolster its sustainability efforts. Infinium will supply power-to-liquid e-SAF to...
IBM’s first-ever State of Sustainability Readiness Report 2024 revealed critical insights into the intersection of sustainability and technology. The report highlighted that 88% of business leaders plan to increase IT...
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 city-state is one of...
Supporting Clean Technology Innovation The Wells Fargo Innovation Incubator (IN²), co-administered by the U.S. Department of Energy’s National Renewable Energy Laboratory (NREL), has announced three new startups for its 14th...
Leadership Transition at HSBC HSBC has announced the appointment of Julian Wentzel as Interim Group Chief Sustainability Officer, effective January 1, 2025. Wentzel, currently Head of Global Banking for the...
The Middle East ESG Reporting & Data Summit kicks off today, November 28, 2024, at the Hyatt Regency Dubai Creek Heights, bringing together professionals and thought leaders to explore critical...
Google has announced the opening of 1265 Borregas, its first office building constructed using mass timber, in Sunnyvale, California. The building reflects Google’s commitment to sustainability, employee wellbeing, and community...
ExxonMobil (NYSE: XOM) is investing over $200 million to expand its advanced recycling operations at its Baytown and Beaumont sites in Texas. The expansion will add 350 million pounds of...
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