ESG Asia
The World Economic Forum announced an expansion of the First Movers Coalition (FMC), a global coalition to decarbonize hard-to-abate industries. Lufthansa Group joins the FMC aviation sector as the first European airline...
Airline looks to turn CO2 removed from the atmosphere into sustainable aviation fuel United has invested in more future SAF production than any other airline in the world United announced its $15...
Bloomberg announced its Sustainable Finance Disclosure Regulation (SFDR) solution has a new dashboard enabling fund managers to seamlessly track and pick investments that align with the key ESG indicators mandated...
Toivo Group Plc and the European Investment Bank (EIB) have signed a €60 million green loan to finance 19 development projects for high energy performance residential buildings. The agreement will support...
Schroders Capital, the specialist private markets investment division, announces the launch of Schroders Capital Climate+ LTAF, a Long-Term Asset Fund (LTAF), designed to help UK pension fund investors support the...
Spiral has announced a $28M Series A investment, bringing total funding to $42M. The round was led by Team8 with additional funding from Euclidean Capital and Intuition Fund, Communitas Capital,...
With recession concerns and rising costs squeezing margins for many employers, 84% of CEOs in a recent KPMG survey said that they had cut or were considering cutting ESG programs. Now, a...
ESG report outlines strategic framework and current initiatives for ensuring ethical management, promoting a diverse and equitable culture, and implementing sustainable operations 23andMe Holding Co. (Nasdaq: ME) (“23andMe”), a leading human...
Installation of CleanO2’s groundbreaking technology is part of a CenterPoint Energy program offering cleaner energy solutions to its customers Today, CenterPoint Energy (NYSE: CNP) and Radisson Blu Mall of America, part of Choice Hotels International,...
Bell to deepen climate solutions expertise and expand reach in European markets Hire completes one of the most diverse leadership teams in growth equity industry Alex Bell J.P. Morgan Private...
Dreyer_Studio_Dr_Voeste_Strtegieball The Volkswagen Group is restructuring its Sustainability unit; Dirk Voeste will be appointed as the new Chief Sustainability Officer with effect from April 1, 2023 and will report to...
Shell plc has published its 2022 Sustainability Report, its 2022 Climate and Energy Transition Lobbying Report and its 2022 Payments to Governments Report. Shell has been formally reporting on sustainability-related...
GE announces that it has been selected by Ecogreen Energy to deliver its FLEXINVERTER Solar Power Station technology for the 130 MWp, 100 MWac Nigde Bor Solar power plant to be...
Unibio International PLC, the leading sustainable protein company, is pleased to announce that the Saudi Industrial Investment Group (“SIIG”) has signed an agreement to invest approximately US$70 million in Unibio....
The EU Commission welcomes the political agreement reached between the European Parliament and the Council to boost the number of publicly accessible electric recharging and hydrogen refuelling stations in particular...
MEPs and the Swedish Presidency of the EU Council agreed on mandatory national targets for the deployment of infrastructure for alternative fuels for cars and trucks. A provisional agreement was...
The European Commission has issued €6 billion of NextGenerationEU green bonds in its fourth syndicated transaction for 2023. The single tranche transaction was executed via a tap of the green...
World Energy Transitions Outlook Preview warns of dramatic lack of progress, calls for strategic shift in the energy transition to sustain 1.5°C climate target The global energy transition is off-track,...
South African lender FirstRand aims to double its home loans linked to clean energy to 2 billion rand ($109.27 million) by next year, it said on Monday, as it seeks to...
H&M Group achieved the highest score out of all the 43 brands included, with an overall score B-. The environmental advocacy organisation’s annual report rates fashion brands on five areas...
The World Business Council for Sustainable Development (WBCSD) is pleased to announce that the Bezos Earth Fund has awarded USD $9.25 million to the Greenhouse Gas Protocol (GHG Protocol), which is co-convened by the World...
The Coca-Cola Company announced three goals accelerating its action on water during the UN 2023 Water Conference. Chairman and CEO James Quincey participated in events during the week to share how...
BHP has signed an agreement for piloting of carbon capture and utilisation technology with China’s HBIS Group Co., Ltd (HBIS), one of the world’s largest steelmakers and a major iron...
The World Bank’s Board approved a new US$100 million equivalent loan for the Armenia Green, Resilient and Inclusive Development Policy Operation (DPO). The operation supports the 2021-26 Program of the Government of...
More than €1.1 billion in finance to be mobilized in sustainable projects, supported by €150 million in InvestEU guarantees The InvestEU Investment Committee has approved guarantees worth up to around €150 million...
March 2023 Week-4; ICAP reports $63 billion raised from carbon allowance sales in 2022; President Biden uses first veto to defend rule on ESG investing; EdgeConneX executes $3.3 billion in sustainability-linked...
A.P. Moller-Maersk (Maersk) announced that the company has signed a MOU with Shanghai International Port Group (SIPG) on strategic cooperation for Shanghai Port methanol marine fuel project. The two parties...
Eni is launching an innovative program in cooperation with some banks to offer companies in its supply chain the opportunity to optimize the management of their liquidity by incentivizing the...
Chipotle Mexican Grill announced its 2023 Environmental, Social and Governance (ESG) goals tied to executive compensation: The achievement of these goals, which are categorized by Food & Animals, People, and...
The World Bank approved $82 million to support the Climate-Resilient and Inclusive Livelihoods Project (ProClimat Congo) in the Republic of Congo. The total amount includes a $70 million loan from...
The European Investment Bank (EIB) has agreed to lend €450 million to Redes Energéticas Nacionais SGPS, S.A. (REN) to finance renewable energy connections and the reinforcement and upgrading of the...
The historic transactions leverage EdgeConneX Green Financing Framework, enabling the development of critical digital infrastructure to support customers’ global requirements The significant scale of the combined deals earned EdgeConneX the...
The Change Lessens Environmental Impact of Corporate Field Team Members Who Travel More Than 1,500 Miles On Average Each Month Burger King transitioned 31% of its North American field team fleet...
EIB Global, the arm of the European Investment Bank (EIB) for activities outside the European Union, has signed a €70 million EU investment grant with the government of the Republic of North...
The World Bank Group Board of Executive Directors yesterday approved a new Country Partnership Framework (CPF) for Egypt, laying out the World Bank Group’s strategy in the country for FY2023–2027. The...
PowerCo, the new battery company of the Volkswagen Group, and Belgian circular technology group Umicore have obtained full regulatory approvals for their joint venture announced in September 2022. The partners...
GE Gas Power, part of GE Vernova and Svante announced a joint development agreement (JDA) to develop and evaluate solid sorbent-based carbon capture technology for natural gas power generation applications....
EU Parliament and Council reached a deal on cleaner maritime fuels, asking to cut ship emissions by 2% as of 2025 and by 80% as of 2050, to help the...
Bipartisan Infrastructure Law Funding Will Support Energy and Water Conservation Measures to Reduce Emissions From Government Facilities The Biden-Harris Administration, through the U.S. Department of Energy (DOE), announced $250 million...
BHP and global engineering, project management and professional services firm, Hatch, have signed an agreement to design an electric smelting furnace pilot (ESF) plant in support of a decision to...
The European Central Bank (ECB) has published its first climate-related financial disclosures, which provide information on its portfolios’ carbon footprint and exposure to climate risks, as well as on climate-related...
Japan’s third-biggest oil refiner, Cosmo Energy Holdings Co Ltd, will make an investment of $3.2 billion in the next three years, with 30% to be allocated in green power and...
Yesterday’s final investment decision clears the way for the start of construction of EnBW’s largest offshore wind farm to date, with an installed capacity of 960 megawatts (MW). “The final...
Enables Atlas to gain investment management operational efficiencies and better manage risk Atlas Responsible Investors, one of the first hedge fund managers to concentrate exclusively on impact investing, has enhanced...
Squarespace, the all-in-one website building and ecommerce platform, announced the release of its 2022 Environmental, Social and Governance (ESG) report. Squarespace’s mission is to build products that help entrepreneurs standout...
Insurance coverage to be contingent on client adoption of evidence-based plans to reduce methane emissions Chubb will not underwrite oil and gas extraction projects in government-protected conservation areas that do...
Carbon markets hold steady amid energy cost surges, finds the International Carbon Action Partnership (ICAP)’s Emissions Trading Worldwide Status Report for 2023. The world’s emissions trading systems (ETSs) were largely...
TotalEnergies’ stays the course on its multi-energy strategy balancing profitable growth and sustainable development, and strengthens its emission reduction objectives To mark the publication of its Sustainability & Climate – 2023...
Nestlé in the U.S. announced it is investing in Ganado, a solar project owned and developed by Enel North America in Jackson County, Texas. With Nestlé’s investment, the project, which is the...
BBVA is firmly committed to working towards building a greener and more inclusive society. To this end, for the third consecutive year and on the occasion of the Annual General Meeting (AGM),...
The EU Commission is proposing common criteria against greenwashing and misleading environmental claims. Under the proposal, consumers will have more clarity, stronger reassurance that when something is sold as green, it actually is green, and...
A year ago, the Supervisory Board of voestalpine AG gave the green light to conduct the preliminary work for climate friendly steel production in Austria. This is now at an...
MetricStream, the global market leader in integrated risk management and governance, risk, and compliance, has announced a partnership with Greenly, the leading carbon management platform, to help organizations accelerate their...
CapIntel, a leading financial technology company that improves fund analysis, proposal generation, and day-to-day workflow efficiency for financial services wholesalers and investment advisors, has announced the launch of CapIntel ESG. CapIntel...
Hellas is setting new sustainability standards in the sports industry with the implementation of their Environment, Social, and Governance program. This program uses the United Nation’s 17 Sustainable Development Goals...
Andrus brings decades of financial markets advocacy and corporate governance experience New senior hire expands firm’s Global Stewardship and Sustainability Team Franklin Templeton announced the appointment of James Andrus as...
ARCO Design-Build an award-winning national design-builder of light industrial and commercial projects announces the launch of their sustainability initiative focused on delivering environmentally conscious building solutions for projects. ARCO Design/Build,...
240 MW True North is AVANGRID’s first solar farm in the state The project will supply clean, renewable energy to power Meta’s operations in the region AVANGRID, a leading sustainable...
Following successful testing of its first Direct Air Capture (DAC) prototype unit for carbon dioxide (CO2) removal in the lab, GE announced it is planning larger scale demonstrations in 2024....
Tesla is now a blue chip stock from a corporate debt perspective after Moody’s Investors Service upgraded the EV maker’s credit rating from junk status to investment-grade quality. Moody’s analysts...
New technology is a key to helping NASA advance its long-term exploration goals for the benefit of all. To support its effort, the agency announced Thursday it will create two...
Support from Microsoft’s Entrepreneurship for Positive Impact program will expand the Nasdaq Entrepreneurial Center’s educational sustainability programming for entrepreneurs The Nasdaq Entrepreneurial Center, a non-profit committed to growing inclusion and...
From tomorrow, at the United Nations Water Conference in New York from 22 to 24 March, the EU will be confirming its strong engagement for global water security by announcing 33 commitments...
Nestlé is publishing its 2022 Annual Report alongside its Creating Shared Value and Sustainability (CSV) Report. As the publications highlight, Nestlé’s results were resilient in a year defined by many...
The Bezos Earth Fund announced $34.5 million in grants as part of its $10 billion commitment to fight climate change and protect nature, supporting transformative work to improve greenhouse gas...
South Korea revised down its 2030 targets for reducing greenhouse gas emissions in the industrial sector on Tuesday but maintained its national goal of cutting emissions by 40% of 2018...
Practical Farmers of Iowa, Soil and Water Outcomes Fund, and the Illinois Corn Growers Association partner with PepsiCo to drive adoption of regenerative agriculture practices and reduce carbon emissions PepsiCo announces...
U.S. President Joe Biden on Monday rejected a Republican proposal to prevent pension fund managers from basing investment decisions on factors like climate change, in the first veto of his...
GE announced it has secured an order from Greek Copelouzos Group’s Damco Energy S.A. (DAMCO) to provide power generation equipment for DAMCO’s 840 megawatts (MW) natural gas fired power plant to be...
Eni and UniCredit have announced their partnership around Open-es, an ecosystem initiative seeking to enhance cross-business collaboration and support companies in measuring and improving their ESG performance. Open-es is an alliance...
Exposure to climate change risk is the fastest growing threat to businesses, say EU CEOs. Nearly a quarter (24%) of EU CEOs believe their companies will be highly or extremely...
UK Financial Watchdog The Financial Conduct Authority (FCA) released the following on its review of ESG Benchmarks: In September 2022, we sent a portfolio letter to benchmark administrators where we highlighted the...
During an event held in New York, Kering announced a commitment to reduce its absolute greenhouse gas emissions by 40% by 2035, on a 2021 baseline. This new target covering...
IDB Invest and Banco de Bogotá announce the upcoming issuance of the first sustainable, subordinated bond issued in the international market by Banco de Bogotá. The $230 million bond will...
March 2023 Week-3; TD sets $500 billion sustainable finance target by 2030; Biden-Harris announces $750 million to advance clean hydrogen tech; EU proposes Net-Zero Industry Act for clean tech; EU adopts carbon sinks goal that increases...
Whirlpool Corporation announced that it achieved Zero Waste to Landfill (ZWtL) Gold or Platinum status (self-certification) at its large manufacturing sites worldwide, as part of the company’s ambitious and long-standing...
This month, Sweden took over the rotating presidency of the Council of the EU with a pledge to focus on security, competitiveness, green and energy transitions, democratic values and the...
British Columbia’s decision this week to toughen emissions standards for new liquefied natural gas (LNG) projects creates one of the most robust climate plans in North America, but sets a...
New agreement ensures access to zero-up-front-cost, clean energy systems for homeowners across California Electriq Power (Electriq), a provider of intelligent energy storage and management for homes and small businesses, announced it...
Governor Ron DeSantis and the governors of Alabama, Alaska, Arkansas, Georgia, Idaho, Iowa, Mississippi, Missouri, Montana, Nebraska, New Hampshire, North Dakota, Oklahoma, South Dakota, Tennessee, Utah, West Virginia, and Wyoming...
Malaysia’s Petronas has bid 38 billion rupees ($460 million) for a 20% stake in the green energy arm of India’s largest power producer, NTPC, in the first deal of its...
Scottish Power, an Iberdrola group company, and Haizea Wind Group, a world leader in the manufacture of wind towers, have signed a framework agreement worth over €200 million for Haizea Bilbao to supply...
Shell plc has published its Energy Transition Progress Report 2022, which shows it has again met its climate targets as part of its energy transition strategy. The report will be...
Climate Transition Plan outlines near-term actions, value chain collaboration and joint advocacy to drive circularity and decarbonization Ball Corporation released its new Climate Transition Plan, which outlines the company’s pathway and...
The EU Commission proposed the Net-Zero Industry Act to scale up manufacturing of clean technologies in the EU and make sure the Union is well-equipped for the clean-energy transition. This initiative was...
New round of investments, part of collective private and public sector collaboration, is a major step to scale innovative solutions to advance water access and reduce waste sent to landfill ...
Funding from President Biden’s Bipartisan Infrastructure Law Will Advance Electrolysis Technology, Reduce the Cost of Clean Hydrogen and Fuel Cells, and Provide Long-term Support for Hydrogen Hubs The Biden-Harris Administration,...
TD Bank Group launched a new Sustainable & Decarbonization Finance Target to support its customers, clients and the communities it serves by aiming to mobilize $500 billion CAD by 2030 through financial activities including...
Despite transparent political attacks on the ESG investing movement that are happening in the U.S. every day, one Canadian company has doubled down on what its founder calls “the future”....
Private equity investors (PEI) could be early leaders when it comes to environmental, social and governance (ESG) efforts in M&A, according to a new Deloitte poll. Based on the data, PEIs...
Texas True North and Ohio Powell Creek Solar Farms Will Generate 523.5 MW of Clean Power to These StatesThe Projects Will Add to the Company’s 8.6 GW Portfolio of Renewable Energy AVANGRID, a leading...
Reinforcing methane’s strategic role in farming’s energy independence CNH Industrial is expanding its alternative fuel capabilities by taking a majority stake in Bennamann – a UK-based expert in solutions to capture, repurpose...
MUFG leads approximately $75 million in Green Loan construction financing; Wells Fargo provides tax equity commitment of approximately $105 million for 200 MWac solar project in Frio County, Texas Leeward...
TotalEnergies and Paprec, leader in plastic recycling in France, have signed a long-term commercial agreement to develop a French value chain for advanced recycling of plastic film wastes. The agreement...
Robeco has launched the Robeco Sustainable Senior Loan Fund (SLF), its second closed-ended private debt fund and one of the first to credibly integrate sustainability into private debt investments. SLF...
Battelle and a team of leading technology developers have submitted a proposal to the U.S. Department of Energy (DOE) for funding from the Bipartisan Infrastructure Law’s Regional Direct Air Capture (DAC) Hubs program....
Katten has announced that partner Johnjerica Hodge has been named a 2023 Leadership Council on Legal Diversity Fellow. Designed for lawyers with eight to 15 years of experience, this landmark...
The OPEC Fund for International Development (the OPEC Fund) has approved more than US$300 million in new financing in the first quarter of 2023, reflecting the institution’s commitment to fulfilling its Climate...
PepsiCo named “Industrial Water Reuse Champion” by WateReuse Association for best-in-class water recycling and reuse programs PepsiCo Beverages North America (PBNA) and Frito-Lay North America (FLNA) announced a commitment of $3.3 million in funds toward...
IBM announced that it is accepting proposals for the next cohort of the IBM Sustainability Accelerator, which will focus on water management solutions. This program applies IBM technologies, such as hybrid...
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