Automaker Stellantis N.V. [STLA:US] and South Korean battery maker Samsung SDI [006400:KS] reached a preliminary agreement to set up a joint venture (JV) in the US to produce battery cells and modules for electric vehicles (EVs), as reported by Reuters on October 22. The two...
The UN Biodiversity Conference, also known as COP15, closed on a note on October 15 and brought a joint commitment and pledges of funding to help countries take action, according to the South China Morning Post on the same day. During the COP15, 195 participating...
Part 1 mainly discussed the background of carbon accounting and the calculation approaches of physical carbon accounting. In this part, the article will continue the topic of carbon accounting from the disclosure and financed emission perspective. Carbon accounting information disclosure methods can be divided into disclosures...
Japanese automaker Toyota [7203:JP] announced to spend USD1.3bn on building its first battery manufacturing plant for the power of new energy vehicles (NEVs) in the US, as reported by Bloomberg on October 18. This is part of the Japanese company’s US battery investment plan, aiming...
Tokio Marine and Nichido Fire Insurance, Japan’s major insurance provider, is set to launch a new service to calculate companies’ financial risks from environmental regulations abroad, as reported by Nikkei on October 19. Tokio Marine will partner with UK risk analytics firm Risilience, which specializes...
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...
Chinese telecommunications giant Huawei has won the contract for Red Sea New City and will partner with Chinese construction and engineering company SEPCOIII on the project, as reported by the company’s official announcement on October 16. The project will install a 400 megawatt (MW) photovoltaic...
South Korea has officially scaled up climate ambition and committed to reducing carbon emissions by 40% from 2018 levels by 2030, as reported by Reuters on October 18. The new target was proposed as the country’s revised nationally determined contribution (NDC), as nations are expected...
South Korean LG Chem’s [051910:KS] battery subsidiary LG Energy Solution (LGES) and automaker Stellantis N.V. [STLA:US] inked a memorandum of understanding (MOU) to set up a joint venture (JV) in North America to produce electric vehicle (EV) batteries, as reported by the Korea Herald on October 18. Under the MOU, a...
Singapore’s Nanyang Technological University (NTU) is issuing SGD1bn (USD741m) in multicurrency bonds to support its sustainability goals, as reported by The Straits Times on October 11. The sustainability-linked bonds (SLBs) will be issued under a medium term note (MTN) program arranged by the Oversea-Chinese Banking...
The United Nations Framework Convention on Climate Change (UNFCCC), coming into force in 1994, set the first steps towards a greener economy transition. A decade after the UNFCCC’s establishment, the Kyoto Protocol became valid, attracting 192 UNFCCC signatories until now, which officially recognized six types...
The Asian Development Bank (ADB) will increase its climate financing goals by USD20bn to a new target of USD100bn for the 2019-2030 period, as reported by Reuters on October 12. The USD20bn added to the goal will be directed to developing low-carbon energy sources, climate...
Singapore’s state-owned power grid operator SP Group and France’s energy developer Electricite de France (EDF Group) [EDF:FP] signed a memorandum of understanding (MOU) on October 11 and reached a partnership on a renewable energy supply project from Indonesia to Singapore, as reported by the Straits...
Australia’s Fair Work Ombudsman (FWO) has sued the country’s largest bank Commonwealth Bank of Australia (CommBank) [CBA:AU] and its subsidiary for underpaying 7,425 workers, as reported by Australian Financial Review on October 11. FWO launched an investigation into CommBank in 2019 after the bank self-reported...
Japan’s Nissan Motor [7201:JP] on October 8 announced that the company will switch to all-electric facilities and use environmentally friendly energy sources at its global factories by 2050, as reported by Nikkei Asia on October 9. The potential environmentally friendly power in considerations includes wind,...
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