ESG Asia
In the coming months, half of the world’s population will go to the polls. To say there is a lot at stake would be putting it mildly. Climate advocates are...
With Japan’s cross-shareholding ratio falling to an all-time low and the new NISA (a tax exemption program for small investment programs that began in January 2024) with an indefinite tax...
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...
Ziraat Bank successfully renewed its sustainability-linked syndicated loan facility in the amount of USD 1.7 billion (USD 742 million and EUR 884 million) with 132% roll-over ratio. The syndication loan...
Wellington Management, one of the world’s largest independent investment management firms, today announced the final close of the Wellington Climate Innovation Fund, with US$385 million in commitments. CIF is Wellington’s...
The U.S. Department of Agriculture and the U.S. Agency for International Development will deploy $1 billion in Commodity Credit Corporation funding to purchase U.S.-grown commodities to provide emergency food assistance...
Innovations in clean energy, materials, and recycling are driving progress toward Apple’s ambitious environmental goals Apple has reduced its overall greenhouse gas emissions by more than 55 percent since 2015, the...
The International Organization for Migration (IOM) and IKEA Supply AG are launching their first global partnership to promote the rights and well-being of migrant workers, employed across the IKEA supply...
Warner Bros. Discovery’s 2023 Sustainability Report comprehensively outlines its strategic commitments and achievements in integrating Environmental, Social, and Governance (ESG) considerations into its operations. Here, we delve deeper into various...
Key Impact Points: In 2023, JPMorgan Chase continued to demonstrate its unwavering commitment to Environmental, Social, and Governance (ESG) principles through its comprehensive annual ESG report. The report provides an...
Key Impact Points: In a significant stride towards combating climate change, the Net-Zero Asset Owner Alliance, a coalition of major institutional investors, unveils its latest initiative to steer $9.5 trillion...
Acre Impact Capital, a pioneering private-debt impact investment manager, announces the successful first closing of its Export Finance Fund I. With commitments nearing US$100mn and a robust target of US$300mn,...
At the World Circular Economy Forum 2024, the European Union’s largest public promotional banks and institutions — Bank Gospodarstwa Krajowego (BGK — Poland), Caisse des Dépôts Group (CDC — France),...
Once again, BBVA has been busy promoting sustainability training among 418 of its suppliers and SME customers across 13 countries in which it operates. A total of 552 people will...
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 “Financing Asia’s Transition Partnership”...
As recent global temperatures records show, the world is off-track to reach net zero. The carbon removal industry needs to grow rapidly on all fronts to help fight global warming. This is...
Barclays announced the appointment of Isabelle Millat as Head of Sustainable Finance for Global Markets and Barclays Europe. A critical element of Barclays’ Investment Bank strategy and net zero ambition...
Key Impact Points: “Clean energy and water are foundational to healthy communities and essential building blocks for a responsible business,” said Lisa Jackson, Apple’s vice president of Environment, Policy, and...
New updates to Google Maps and Search aim to make sustainable travel choices easier for users. The update to Maps will show public transit and walking route options alongside driving...
Boeing is buying 9.4 million gallons (35.6 million liters) of blended sustainable aviation fuel (SAF) to support its 2024 U.S. commercial operations, reducing its carbon emissions and working to help...
RWE successfully placed its first green US dollar bond with a total volume of US$2 billion. The bond was issued in two tranches of US$1 billion with 10-year tenor and...
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...
Calls for innovative solutions as part of its AI for Climate and Nature Grand Challenge The Bezos Earth Fund unveiled an AI for Climate and Nature Grand Challenge – under which up to $100...
Chevron Technology Ventures, the venture arm of Chevron Corp., has launched its third Future Energy Fund with a commitment of $500 million to invest in renewable energy technologies. The fund...
The Biden-Harris administration announced a series of historic milestones and actions to promote responsible clean energy development on public lands and help achieve President Biden’s goal of creating a carbon...
Users can power more sustainable business flows, tapping into automated reports to measure key data against internationally-recognized frameworks Finastra announced that it has integrated AI-powered ESG (environmental, social and governance) scoring...
At the Our Ocean Conference in Greece, the European Union is confirming its strong engagement for international ocean governance by announcing 40 commitments for action for 2024. These actions will be funded by €3.5 billion from...
New report examines the role of carbon credits and integrated approach of public, private and complementary policies in driving the clean energy transition High-quality carbon credits can have a role...
Phillips 66’s San Francisco Refinery, which for years manufactured products like gasoline and jet fuel, is now producing only renewable fuels. Long known as the company’s Rodeo Refinery, and recently...
The global wind industry installed a record 117GW of new capacity in 2023, making it the best year ever for new wind energy. Despite a turbulent political and macroeconomic environment,...
Mastercard’s 2023 Environmental, Social and Governance Report details how the company is activating its network, services, products, and partnerships to fulfill its commitment to social good. The report highlights progress...
EdgeConneX strategic finance team garners prestigious Project Finance International Award as it raised over $7 billion in total green investments over the past 2 years EdgeConneX®, a pioneer in global Build-to-Suit and Build-to-Density Solutions,...
The Council formally adopted a revised directive on the energy performance of buildings. The directive will help reduce greenhouse gas emissions and energy poverty in the EU. Zero-emission buildings by...
A major new Centre for Doctoral Training in Green Industrial Futures (CDT-GIF) has launched to help secure the UK’s position at the forefront of the green industrial revolution. The Centre...
Climeworks, the global leader in carbon dioxide removal (CDR) via DAC+S technology, has been awarded 2.2m CHF (26m NOK) in funding from Enova, at 50 percent funding intensity, in the...
Robeco announced the transformation of its Asian Bond fund into a transition investing-ready vehicle. To transform global emerging economies to net zero by 2050, an estimated USD 125 trillion is...
JERA Co., Inc. (“JERA”), Japan’s largest power company, announces the creation of JERA Nex Limited (“JERA Nex”), a new global renewable energy business. JERA Nex will develop, invest in, own and operate...
Air New Zealand and Neste have signed an agreement for nine million litres of neat Neste MY Sustainable Aviation Fuel™. The deal represents the largest purchase of sustainable aviation fuel (SAF) from...
The Global Maritime Forum and RMI (founded as the Rocky Mountain Institute), under Mission Innovation’s umbrella, released a report outlining strategies for ports to become first movers in providing green methanol...
This Earth Month, and every month, Target celebrates how sustainability strengthens its business and communities, while delivering a more joyful and meaningful experience for guests. From designing its owned brands...
Welcome back to the ESG News Week In Review! We’re thrilled to have you with us again. To get ESG News’s full ‘ESG News Week In Review’ and ESG News Daily email...
“Travel with meaning” is a phrase that can be interpreted in many ways. It could mean traveling with a purpose or goal in mind, traveling to learn about different cultures,...
In a historic ruling, the European Court of Human Rights decided that Switzerland’s failure to act on climate violates human rights. This was the first time an international court determined that...
The U.S. Environmental Protection Agency released its latest annual Inventory of U.S. Greenhouse Gas Emissions and Sinks (GHG Inventory), which presents a national-level overview of annual greenhouse gas emissions from 1990...
MEPs adopted plans to facilitate the uptake of renewable and low-carbon gases, including hydrogen, into the EU gas market. The new directive and regulation on the gas and hydrogen markets...
A critical element of Barclays’ Investment Banking strategy and net zero ambition is support for clients as they navigate the transition to a low-carbon economy. As part of Barclays’ continued...
IBM announced the release of its 2023 Impact report. The report summarizes the company’s Environmental, Social and Governance (ESG) initiatives, partnerships and investments in 2023, which were implemented to advance our goal...
EARTHDAY.ORG is the global force behind Earth Day, which activates one billion people around the world every April 22 to advocate for the health of our planet. Today, EARTHDAY.ORG released a...
ISS-Corporate, a leading provider of compensation, governance, cyber risk monitoring, and sustainability offerings to help companies improve shareholder value and reduce risk, today announced the acquisition of Celsia, an Oslo-based...
The world’s dependence on coal-fired power plants witnessed a surprising rise in 2023, marking the highest annual increase since 2016. This trend, highlighted in a report by Global Energy Monitor...
Australian electricity giant Origin Energy (ORG.AX) has appointed a company insider, Tony Lucas, to take the helm as its Chief Financial Officer. Lucas, currently leading Origin’s future energy and technology...
A major investigation into the world’s 65 largest insurance companies from the responsible investment charity ShareAction, released today, shows that both people and planet face the triple whammy from insurance...
Inditex, the owner of fashion giant Zara, is embroiled in a controversy surrounding its cotton sourcing practices. The company is demanding greater transparency from Better Cotton, a certifier of sustainable...
DHL Global Forwarding announces the first investment of the Prada Group in Sustainable Aviation Fuel (SAF) credits, utilizing DHL Global Forwarding’s GoGreen Plus service. By leveraging sustainable fuels, DHL Global...
Standard Chartered, KPMG and the United Nations Office for Disaster Risk Reduction (UNDRR) are calling for a step-change in the mobilisation of finance for adaptation and resilience ahead of COP29,...
The law will set up an EU certification framework for carbon removals to boost their uptake and help achieve EU climate neutrality by 2050. Parliament on Wednesday adopted the provisional...
Toyota Ventures, the early-stage venture capital arm of Toyota, announced two $150 million funds to expand its investments in startups developing disruptive technologies and business models at the forefront of innovation. The...
In January 2024 the SBTi announced that work to revise its flagship Corporate Net-Zero Standard was a priority for 2024, and that this revision would include additional guidance on tackling...
Updated guidance designed to help the events industry to embed sustainable practices and address emerging challenges across climate change, supply chain and social impact, has been published by BSI, more...
The Government of Newfoundland and Labrador has released World Energy GH2’s Project Nujio’qonik from further Environmental Assessment following an intensive evaluation of the world’s first Environmental Impact Statement for a...
Switzerland will continue to support the Green Climate Fund (GCF) with a total contribution of CHF 135 million over the next four years. The Federal Council took this decision at...
Rich Lesser Joins as Vice Chair, Climate & Sustainability and Senior Advisor. Jeff Johnson Joins as General Partner Leading Climate. B Capital, a global multi-stage investment firm, announced two appointments...
Orchard Street Investment Management (‘Orchard Street’), the specialist commercial property investment manager, announces the appointment of Kathryn Barber as Head of Responsibility and ESG. Kathryn will be integral to building...
Watershed launched Watershed for CSRD, a dedicated software solution for companies reporting under the European Union’s Corporate Sustainability Reporting Directive (CSRD), the most comprehensive ESG disclosure regulation in history. Watershed for CSRD extends Watershed’s...
Key Impact Points: Small and medium-sized enterprises (SMEs) are increasingly recognizing the urgency of addressing climate change, but a recent report sheds light on the significant hurdles they face in...
Trafigura, one of the world’s leading commodity traders, presented insights on the evolving landscape of global markets and the increasing copper demand during the Financial Times Commodities Global Summit in...
Elemental Strategic Metals of Zawiercie, Poland and Ascend Elements of Westborough, Mass., today announced the formation of AE Elemental™, a joint venture based in Zawiercie, Poland. Together, the companies will jointly own (50/50)...
OCP Group, a global leader in plant nutrition and phosphate-based fertilizers, and Fortescue Energy, part of global green energy, metals and technology company Fortescue Ltd (Fortescue), announced a landmark Joint...
Final rule will reduce the number of people with elevated cancer risk by 96% in communities near plants that emit ethylene oxide and chloroprene, advancing President Biden’s Cancer Moonshot Initiative...
LyondellBasell published its annual sustainability report titled, Everyday Sustainability. The publication offers an in-depth review of the company’s progress over the last year toward establishing itself as an industry leader...
The Sustainability Standards Board of Japan (SSBJ) has recently announced the issuance of exposure drafts for new sustainability disclosure standards, aligning with the International Financial Reporting Standards (IFRS) Foundation’s International...
A Broken Promise: Fossil Fuel Funding Continues Despite Climate Commitments A new report by Oil Change International (OCI) and Friends of the Earth US reveals a troubling disconnect between the...
Key Impact Points: Verein KlimaSeniorinnen Schweiz and Others v. Switzerland In a groundbreaking decision, the European Court of Human Rights (ECHR) has issued a landmark ruling in a climate case...
In a significant stride towards enhancing climate action, the Integrity Council for the Voluntary Carbon Market (ICVCM) has unveiled the initial carbon crediting programs eligible for its prestigious Core Carbon...
In order to bring the evaluation of its CO2 emissions in the upstream supply chain to the next level, Henkel has launched a comprehensive engagement program for its worldwide suppliers called...
Circular Plastic , one of the largest plants in Italy for the selection and storage of plastic waste, was inaugurated in Borgaro Torinese, in the province of Turin. Built by Amiat and managed by I.Blu , two...
Neste and South Korean chemical company Lotte Chemical are teaming up to make chemicals and plastics more sustainable. The companies embark on a strategic collaboration to replace fossil resources with...
Rolls-Royce, ASCO Carbon Dioxide Ltd (ASCO), and Landmark Power Holdings Limited (LMPH), have signed a Memorandum of Understanding (MoU) aimed at developing scalable solutions for clean power generation with carbon...
Oceana released a new report, “Amazon’s United States of Plastic,” which estimates that Amazon generated 208 million pounds of plastic packaging waste for all transactions in the United States in 2022, a...
A new World Bank program is set to strengthen and expand the electricity network, improve sector financial viability, and enable renewable energy generation through private sector participation in Ethiopia. Ethiopia...
EY announced the launch of a new Sustainable Finance Innovation Hub in Dublin to help financial institutions around the world accelerate their efforts to meet their environmental, social and governance...
Welcome back to the ESG News Week In Review! We’re thrilled to have you with us again. This week, the U.S. Securities and Exchange Commission (SEC) has pressed pause on...
In an unprecedented move, late on Thursday, the SEC decided to stay their own rule while the litigation is settled to “avoid any regulatory uncertainty.” Meanwhile, Liberty Energy, a Denver-based fracking company,...
The Angel CCS Joint Venture will collaborate with Yara Pilbara Fertilisers Pty Ltd (Yara Pilbara) to study the feasibility of using carbon capture and storage to decarbonise Yara Pilbara’s existing...
Three of the largest North American banks have agreed to publicly disclose their financing ratio of low-carbon energy to fossil fuels, setting a new standard for the banking sector After...
Persefoni’s leading carbon accounting solution combined with AuditBoard’s world-class connected risk platform will deliver a single source of truth for customer ESG data. AuditBoard, the leading cloud-based platform transforming audit,...
As sustainability becomes a more common consideration for investment management professionals in the United States, trust in the environmental, social and governance (ESG) data used to inform investment decisions by...
Resources for the Future (RFF), the Center on Global Energy Policy (CGEP) at Columbia University’s School of International and Public Affairs and the Bezos Earth Fund, are pleased to announce...
Chevron New Energies (CNE), a division of Chevron U.S.A. Inc., announced a lead investment in ION Clean Energy (ION), a Boulder-based technology company that provides post-combustion point-source capture technology through...
Bloomberg announced the launch of the Bloomberg Government Climate Tilted Bond Indices, a new benchmark family for government bond investors seeking exposure to the transition to a low-carbon economy. The indices...
The U.S. Securities and Exchange Commission (SEC) has announced a suspension in the enforcement of its climate disclosure rule while awaiting the outcome of a legal challenge initiated by a...
RMI, in cooperation with leading global banks—BNP Paribas, Citi, Crédit Agricole CIB, Societe Generale, and Standard Chartered—and in consultation with industry, experts, and additional financial institutions has developed a first-of-its-kind framework...
Last year’s emissions under the EU’s Emission Trading System (ETS) show the most significant annual emissions reductions since the ETS was launched in 2005. The main driver is the power...
Start every business day with our analyses of the most pressing developments affecting markets today, alongside a curated selection of our latest and most important insights on the global economy....
California is accelerating its transition to clean energy with a revamped 2023-2024 transmission plan proposed by the California Independent System Operator (ISO). The $6.1 billion plan prioritizes grid reliability and...
A new report by InfluenceMap, titled “The Carbon Majors Database: Launch Report,” sheds light on a critical aspect of the climate crisis. It reveals a concerning concentration of greenhouse gas...
Policy responses to geopolitical developments and global commitments accelerated the deployment and use of renewable energy in 2023, especially in the power sector. The historic decision at the 2023 United...
The U.S. Environmental Protection Agency announced its selections for $20 billion in grant awards under two competitions within the historic $27 billion Greenhouse Gas Reduction Fund (GGRF), which was created...
Volunteers helped plant 50 trees in an area with one of the lowest Tree Equity Scores in Franklin County, which will help improve the area’s tree canopy in the future...
A new study will collect carbon emissions data from B.C.’s regional airports with the goal of getting all airports in the province to net-zero by 2030. The study is part...
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