SK Geo Centric, a petrochemical unit of SK Innovation [096770:KS], has invested KRW68bn (USD55m) in US plastic waste recycling firm PureCycle Technologies, as reported by the Korea Economic Daily on March 15. PureCycle has a specialized proprietary technology to recycle Polypropylene (PP), a plastic material...
China’s Ministry of Ecology and Environment (MEE) accused four carbon data verification agencies of data fraud in their carbon emission reports on March 14, as reported by Reuters on the same day. One of the four accused agencies, Zhongtan Nengtou Tech, was charged with advising...
Indian refining giant Reliance Industries [RELIANCE:US] has acquired Dutch battery producer Lithium Werks for USD61m through its green business arm Reliance New Energy, as reported by Reuters on March 15. Lithium Werks produces high-performance lithium iron phosphate (LFP) batteries that are cobalt-free. The transaction will...
Hong Kong Exchange (HKEX) [0388:HK] released the Listing Committee Report for 2021 on March 14, in which the HKEX highlighted its achievements on Environmental, Social, and Governance (ESG) issues and drew up plans to review ESG standards, as reported by Sina Finance on the same...
India’s richest city Mumbai has released a 30-year roadmap named Mumbai Climate Action Plan (MCAP) to tackle climate change and reach net-zero carbon emissions by 2050, making it the first South Asian city to do so, as reported by South China Morning Post on March...
The Indian government plans to roll out a Production Linked Incentive (PLI) Scheme to offer subsidies to producers and exporters of green hydrogen or ammonia, as reported by Economic Times on March 14. The incentives could cover areas including electrolyzers and their components, storage facilities...
China has published the draft guidelines of Administrative Measures for Electronic Cigarettes, which state that flavors other than tobacco shall not be offered in e-cigarettes to reduce their appeal to minors, as reported by Caixin on March 12. The guidelines also state that the establishment...
Tencent’s [0700:HK] mobile payment business WeChat Pay could face a record fine for violating the PBoC’s anti-money-laundering rules, as reported by Wall Street Journal on March 14. The exact amount of fine is currently being discussed, but it is likely to exceed hundreds of millions...
China’s Ministry of Industry and Information Technology (MIIT) has approved the sale of two electric vehicle (EV) models for the China Evergrande New Energy Vehicle Group [0708:HK] under its brand Hengchi, as reported by Reuters on March 14. According to sources familiar with the matter,...
The Cyberspace Administration of China (CAC) is soliciting opinions on a draft regulation for cyber protection for minors, as reported by Reuters on March 14. The rules mandate internet product and service providers to set up a system to combat video game addiction among minors. The...
The Intergovernmental Panel on Climate Change (IPCC), the world’s leading authority on climate science, released the “Working Group II: Impacts, Adaptation and Vulnerability Report” (WG2 report) on February 27, 2022, as the second part of its sixth assessment report (AR6). The 3675-page report summarized the...
The hydrogen subsidiary of Australia's Fortescue Metals Group (FMG) [FMG:AU] has signed a Memorandum of Understanding (MoU) with Airbus [AIR:FP] to reduce carbon dioxide (CO2) emissions in the aviation sector, as reported by Reuters on March 8. The agreement is part of Airbus's strategy to...
Sony Group [6758:JP] and Honda Motor [7267:JP] plan to form an electric vehicle (EV) joint venture (JV), as reported by Japan Times on March 4. The two Japanese companies aim to debut the JV’s first EV model in 2025. According to a joint statement, Honda...
CBRE South Asia, a unit of the global real estate firm CBRE Group [CBRE:US], released a report that outlined the companies’ Environmental, Social, and Governance (ESG) strategies in India and introduced the ESG landscape of India’s property industry, as reported by APN News on March...
The Asian Infrastructure Investment Bank (AIIB) suspended all businesses relating to Russia and Belarus on March 4, as reported by Nikkei Asia on the same day. The AIIB stated that it strives to safeguard the financial integrity of the bank amid the evolving economic and...
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