Wine Australia, a statutory corporation that regulates the Australian wine industry, announced a multifaceted program focused on environmental, social, and corporate governance (ESG) as well as sustainability, as reported by National Tribune on June 17. Rachel Triggs, Wine Australia’s General Manager of ESG and Market...
Australia’s Qantas Airways [QAN:AU] and Airbus [AIR:FP] have inked an agreement to invest up to USD200m for the development of a sustainable aviation fuel (SAF) industry in Australia, as reported by Reuters on June 19. The partnership came one month after Qantas’s multibillion-dollar procurement order...
Green finance has gained strong momentum in recent years, with cumulative green bond issuance snowballing to USD1.83tr as of June 2022, and ESG- and sustainability-themed financing increasingly available. Yet, a successful and effective economic transition from business-as-usual to sustainable requires investments in undertakings such as...
TotalEnergies [TTE:FP] will acquire a 25% stake in Adani New Industries (ANIL), a subsidiary of Indian conglomerate Adani Enterprises [ADE:IN], as part of the two firms’ agreement to develop the world's biggest green hydrogen ecosystem, as reported by Reuters on June 14. The value of...
British oil and gas giant BP [BP:US] has agreed to purchase a 40.5% equity and become the operator of the Asian Renewable Energy Hub (AREH), a hydrogen production base in Western Australia, as reported by Reuters on June 15. The value of the deal has...
China’s National Information Security Standardization Technical Committee (NISSTC) issued a draft management guideline that regulates the processing of personal data by mobile internet applications, as reported by Caixin on June 14. The document requires the operating systems of mobile terminals (MTs) to inform users when...
Shanghai issued a four-year action plan (2022-2025) to conduct carbon-reduction and energy-conservation reform in the city’s industrial and communication sectors, aiming for an average 1% reduction in power use every year during the period, as reported by Securities Times on June 13. According to the...
South Korea’s major shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) [042660:KS] formed collaborations with ship classification organizations American Bureau of Shipping (ABS) and Greek liquified natural gas (LNG) carrier manufacturer Gaslog [GLOP:US] to jointly develop onboard carbon capture and storage (OCCS) technology, as reported by...
South Korea's antitrust authority, the Fair Trade Commission (FTC), has fined six logistics firms including CJ Logistics [000120:KS], Dongbang Transport Logistics [004140:KS], and others a total of KRW6.5bn (USD5.06m) for price rigging, as reported by the Korea Herald on June 14. Between 2016 and 2018, the...
South Korea's SK Innovation [096770:KS] is expanding its business in environmentally friendly sectors such as small modular reactors (SMRs), batteries, and waste recycling, as reported by Korea Economic Daily on June 13. SK Innovation Vice Chairman and Chief Executive Kim Jun stated that the three...
Three Japanese energy enterprises, namely JERA, Tokyo Gas [9531:JP], and Inpex [1605:JP], plan to join a carbon capture and storage (CCS) project in northern Australia with an expected investment of up to JPY100bn (USD748m) in total, as reported by Nikkei Asia on June 9. Led...
China’s largest online academic database China National Knowledge Infrastructure (CNKI) announced that it will give individuals access to its plagiarism-checking service, a month after receiving an antitrust investigation by the State Administration for Market Regulation (SAMR), as reported by South China Morning Post on June...
CPC Corp [1328:TT], Taiwan's government-owned oil and gas company, has received the island’s first emissions-offset crude oil cargo, as reported by Reuters on June 12. The 1.05m-barrel Azeri Light crude oil shipment was supplied by SOCAR Trading, the trading arm of Azerbaijan's state oil firm...
Green insurance is an important component of China’s green finance. Chinese government and regulators have published a series of policies to guide the development of green insurance and build a comprehensive green insurance system. By 2020, the total premium of green insurance in China amounted...
PTT Exploration and Production (PTTEP) [PTTEP:TB], a subsidiary of Thai state-owned oil and gas producer PTT Group [PTT:TB], plans to put Thailand’s first carbon capture and storage (CCS) project into operation by 2026, as reported by Nikkei Asia on June 8. Through the CCS project,...
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