Author: Una Qu

The IFRS Foundation, which is a not-for-profit and public interest organization well-known for its International Financial Reporting Standards (IFRS), announced three significant developments regarding sustainability-related reporting on November 3 at the COP26. Set up a new International Sustainability Standards Board (ISSB).Consolidate with the Value Reporting Foundation...

Indonesia has formed a new regulation, called the Economic Value of Carbon, to establish a carbon trading market mechanism, as reported by Reuters on November 15. The country’s environment ministry affirmed it, though the government has yet made the new regulation public. The carbon trading...

Cambodia’s Minister of Mines and Energy Suy Sem stated that the country will not approve any new coal-fired power plants in addition to the existing ones in a meeting with the UK Ambassador Tina Redshaw before the UN COP26, as reported by Nikkei Asia on...

South Korea’s private equity company STIC Investment plans to sell local leading biodiesel material maker Daekyung O&T, with BofA Securities as the underwriter, as reported by the Korean Economic Daily on October 29. South Korean major refiners like SK Innovation [096770:KS], S-Oil Corporation [010950:KS], and...

Singapore’s Minister for Trade and Industry Gan Kim Yong at the opening of the 14th Singapore International Energy Week on October 25 said that the country plans to import low-carbon electricity to fulfill 30% of the country’s electricity needs by 2035, equivalent to up to...

Foxconn [2354:TT] held preliminary talks with Indonesia regarding building an electric vehicle (EV) manufacturing factory in the country, as reported by Sina on October 25. Indonesia’s Investment Coordinating Board (BKPM) claimed that Foxconn planned to develop its EV and battery businesses in the country, while...

India is expected to update its climate targets, also known as nationally determined contributions (NDCs), under the Paris Agreement at the upcoming 2021 UN Climate Change Conference (COP26), opening on October 31, as reported by Economic Times on October 18. According to sources familiar with...

en_USEnglish