Australia's greenhouse gas emissions climbed by over 1% in 2021, representing a year-on-year increase of 4.1m tonnes in carbon dioxide equivalent, as reported by Reuters on June 27. According to the Australian government’s quarterly report, the country saw a 4% rise in transportation emissions, a 3.3% rise...
LG Electronics [066570:KS] has bought a 60% share in South Korean battery company AppleMango, with the remaining 40% acquired by GS Energy and GS Neotek, as reported by Korea Economic Daily on June 27. LG Electronics plans to build a facility at LG Digital Park...
Microsoft’s [MSFT:US] Taiwan unit has formed the Taiwan ICT Sustainability Green Team to help local firms reduce carbon emissions, as reported by Microsoft’s website on June 24. In addition to Microsoft, the alliance comprises Foxconn [2354:TT], AU Optronics [AUO:US], Delta Electronics [2308:TT], and many software...
Toyota Motor [7203:JP] has teamed up with US battery recycling company Redwood Materials, which is led by Tesla [TSLA:US] co-founder JB Straubel, to collect and recycle vehicle batteries, as reported by Bloomberg on June 21. The two parties plan to establish a closed-loop supply chain...
Solar Philippines, the largest solar company in Southeast Asia, has submitted offers to contract renewable energy projects for a total capacity of 9,000 gigawatt-hours (GWh) a year, in a move to ramp up the Philippines' renewable capability, as reported by Bloomberg on June 20. If...
Singapore-based sustainable packaging company Tria and KFC Singapore launched a pilot project to recycle food and packaging waste from one KFC outlet into fertilizers for agricultural use, as reported by Strait Times on June 21. Upon completion of a six-month trial, the fast-food company will...
The Hong Kong branch of Cathay United Bank (CUB) [2882:TT] and the Hong Kong Quality Assurance Agency (HKQAA) signed a Memorandum of Understanding (MoU) to deepen their collaboration in sustainable and green financial services, as reported by Yahoo News on June 19. As an international...
LG Chem [051910:KS] will launch its first hydrogen manufacturing plant in the second half of 2024 with an annual capacity of 50,000 tons, as reported by Reuters on June 20. The plant will produce clean fuel for the petrochemical sector, in keeping with the company's...
Hana Bank [004940:KS] and the Health Insurance Review and Assessment Service (HIRA), a government agency under South Korea’s Ministry of Health and Welfare, have agreed to expand their collaboration on environmental, social, and corporate governance (ESG) practices in the public health care system and social...
Foreign tech titans such as Twitter [TWTR:US] and Meta [FB:US] (previously known as Facebook) may face penalties for failing to establish their overseas headquarters in Japan as required, as reported by Nikkei Asia on June 20. The Ministry of Justice in Japan has ordered 48...
Japanese chemical producer Asahi Kasei [3407:JP] has developed a technology to produce lithium-ion battery materials from carbon dioxide (CO2), as reported by Nikkei Asia on June 16. The new technology will produce a solvent used in battery electrolytes, while the CO2 consumed during the manufacturing...
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...
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