Author: Jordy Leo

09 Mar RBC Incorporates Climate Considerations into Incentive Plans for Senior Executives

Posted at 09:21 by Jordy Leo

On March 6, ESG Today reported that the Royal Bank of Canada (RBC) plans to introduce a medium-term climate-based objective to its mid-term incentive (MTI) and long-term incentive (LTI) programs for senior executives from 2023. This addition is part of RBC's ongoing efforts to incorporate...

08 Mar Japan Vows Financial and Technological Support to Help ASEAN Decarbonize

Posted at 17:50 by Jordy Leo

Japan pledged to offer support in finance, technology, and personal resources to help Association of Southeast Asian Nations (ASEAN) members decarbonize their economies, as reported by Reuters on March 4. Japanese Industry Minister, Yasutoshi Nishimura, announced the commitment at the first ministerial meeting of the...

08 Mar China’s First Two New Energy REITs to Raise RMB10bn

Posted at 17:44 by Jordy Leo

China Securities Regulatory Commission (CSRC) has approved the first two new energy real estate investment trusts (REITs) that are expected to raise RMB10bn (USD1.44bn) in total, as reported by Caixin on March 3. State Power Investment Corporation (SPIC), one of China’s five major electricity generation...

08 Mar Spanish to Publish New Law on Gender Equality

Posted at 17:27 by Jordy Leo

Spanish Prime Minister Pedro Sanchez announced the Equal Representation Law that requires more equal representation of women and men in politics, business, and other fields of public life, as reported by Reuters on March 4. Under the law, any listed company with more than 250...

08 Mar Japan, Australia Launch Hydrogen Supply Chain in AZEC Meeting

Posted at 17:21 by Jordy Leo

Japan announced the launch of a hydrogen supply chain with Australia, as part of a greater goal of expanding hydrogen supply chain networks throughout Asia, as reported by Nikkei Asia on March 4. The bilateral hydrogen supply chain will link Victoria state, Australia’s renewable energy...

02 Mar Dongkuk Steel Mill to Develop Carbon-Reducing Hyper Electric Furnace

Posted at 16:40 by Jordy Leo

South Korean steelmaker Dongkuk Steel Mill [001230:KS] has begun researching ways to reduce carbon emissions by utilizing hyper-electric furnace processes, with a goal of completing the research by 2028, as reported by the Korea Economic Daily on February 24. The firm aims to enhance the...

02 Mar JPMorgan Investment Arm Divests Its ESG Fund of Adani Stocks

Posted at 16:36 by Jordy Leo

The asset management unit of JPMorgan [JPM:US] Chase has removed its exposure to India’s Adani Group from its environmental, social and governance (ESG) portfolios, as reported by Bloomberg on February 27. This followed a report from US-based short-seller, Hindenburg Research, accusing the company of accounting...

02 Mar Panasonic to Sell Pure Hydrogen Fuel Cell Generators in China

Posted at 10:55 by Jordy Leo

Panasonic [6752:JP] will begin selling zero-emission pure hydrogen fuel cell generators in China from April, as reported by Nikkei Asia on February 26. Panasonic introduced this type of fuel cell in the Tokyo 2020 Summer Olympics to demonstrate Japan’s efforts of creating a hydrogen society....

02 Mar TikTok Banned on European Commission Staff Devices for Cybersecurity Concerns

Posted at 10:41 by Jordy Leo

On February 24, Reuters reported that the European Commission has banned its employees from using TikTok, the Chinese-owned video-sharing platform, on their official devices and personal devices with work-related apps installed due to cybersecurity concerns. This marks the first time the commission has prohibited its...

02 Mar BYD Confirms Use of Toxic Chemical in Electric Buses Sold to Japan

Posted at 10:25 by Jordy Leo

Chinese electric vehicle (EV) giant BYD [1211:HK] acknowledged the presence of a toxic chemical in electric buses for the Japanese market, days after its Japanese partner Hino Motors froze plans to debut these buses in Japan by the end of March, as reported by Nikkei...

23 Feb Rio Tinto to Supply BMW Low-Carbon Aluminum Produced Using Hydropower

Posted at 15:26 by Jordy Leo

BMW [BMW:GR] has signed a memorandum of understanding (MOU) with UK-based mining company Rio Tinto [RIO:US] to buy aluminum produced in Canada using hydroelectric power, with an aim to decrease its carbon footprints, as reported by Reuters on February 21. Under the agreement, Rio Tinto...

23 Feb L’Oréal Purchases Green Electricity from French Power Giant EDF

Posted at 15:21 by Jordy Leo

French cosmetics producer L'Oréal [OR:FP] signed two new green electricity procurement contracts with electric utility company EDF [EDF:FP], in a move to advance Loreal’s commitment to reaching carbon neutral for all its sites by 2025, as reported by Reuters on February 21. Under the Corporate...

23 Feb Thailand to Ban Plastic Waste Imports by 2025

Posted at 15:11 by Jordy Leo

Thailand’s cabinet approved a policy to restrict plastic waste imports from this year to 14 manufacturers located in Thailand’s free trade zone that use the scraps as raw materials, as reported by Bloomberg on February 21. In 2021, 40 to 50 companies were permitted to...

23 Feb EU Antitrust Watchdog Reviews on Merger between Korean Air Lines and Asiana Airlines

Posted at 15:02 by Jordy Leo

The European Commission launched a full-scale probe into the proposed acquisition of indebted Asiana Airlines [020560:KS], the second-largest airline in South Korea, by the largest carrier Korean Air Lines [003490:KS], as reported by Reuters on February 17. The move follows a preliminary review indicating that...

23 Feb China Banking Regulator Fines Five Banks RMB388m over Loan Violations

Posted at 14:54 by Jordy Leo

China Banking and Insurance Regulatory Commission (CBIRC) fined five banking institutions a total of RMB387.9m (USD56.5m) for irregularities in their businesses, as reported by Reuters on February 17. Specifically, Bank of China (BOC) [3988:HK], China Minsheng Bank (CMBC) [1988:HK], and China Bohai Bank [9668:HK] were...