Nissan Motor Co Ltd [7201:JP], a Japanese automaker that was a pioneer in electric vehicles (EVs) with its all-battery-powered Leaf, announced on Monday that it plans to increase its production of electrified vehicles and power trains in the United States, as reported by Reuters on...
A German court has ruled in favor of an environmental NGO's lawsuit against Volkswagen [VOW:GR] (VW), alleging that the carmaker illegally released cars with software that manipulated emissions mechanisms, as reported by Reuters on February 20. The NGO, Deutsche Umwelthilfe (DUH), has called for the...
SINGAPORE & THAILAND, Feb 27, 2023 -- Seneca ESG, a provider of corporate sustainability assessment, reporting, and integration solutions with financial services, is pleased to announce its collaboration with ABeam Consulting Thailand, a leading consulting firm with expertise in business and digital transformation, to support corporate ESG...
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...
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...
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...
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...
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...
A German court has ruled in favor of an environmental NGO's lawsuit against Volkswagen [VOW:GR] (VW), alleging that the carmaker illegally released cars with software that manipulated emissions mechanisms, as reported by Reuters on February 20. The NGO, Deutsche Umwelthilfe (DUH), has called for the...
Spain's Cepsa signed an agreement with three Dutch firms to supply green ammonia to a terminal in Rotterdam's port, as reported by Reuters on February 20. HES International, Gasunie Waterstof Holding, and Vopak LNG [VPK:NA] are developing Europe's largest green ammonia terminal, the ACE Terminal...
Uber Technologies [UBER:US] has announced its intention to introduce electric vehicles (EVs) for ride-sharing in India, marking the company's first foray into clean cars in the country, as reported by Reuters on February 20. The move comes amid a push by the Indian government for...
The Canadian government's Sustainable Jobs Strategy aims to create new employment opportunities in the sectors that will be most important for a future green economy, as reported by Reuters on February 17. This includes investing in clean energy, infrastructure, and manufacturing, as well as offering...
China has recently launched a new climate prediction model aimed at improving forecasting accuracy for wind and solar power, as reported by Reuters on February 17. The model will be developed by China's National Meteorological Information Centre, which will utilize advanced data analytics and machine...
The logistics industry is essential for modern society, as it is responsible for the movement of goods across the globe. However, this industry is also one of the major sources of greenhouse gas emissions, which contribute significantly to climate change. According to the International Energy...
The US Department of the Treasury announced it will open applications on May 31 for USD4bn worth of new tax credits for advanced energy manufacturing and decarbonization projects, as reported by Reuters on February 13. The program will provide a 30% tax credit for a...
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