Greenko Group, one of India’s largest renewables operators, and Indian state-owned Ayana Renewable Power have signed an agreement to use large-scale energy storage facilities to provide local industrial customers with one gigawatt (GW) of around-the-clock renewable power supply, as reported by Economic Times on February...
The Japanese government plans to set up a public-private committee this year to draw up measures to promote production and utilization of sustainable aviation fuels (SAFs), in a move to have airlines substitute SAFs for 10% of traditional jet fuels by 2030, as reported by...
Japanese cosmetics producer Shiseido [4911:JP] released a new Group Procurement Policy, which expanded responsible procurement requirements for suppliers in key sustainability areas including environment and human rights, as reported by ESG Today on February 15. The new policy outlined a set of criteria for suppliers...
The Indian government announced on February 11 that 20 companies among 115 applicants have qualified for incentives under India’s USD3.5bn Production Linked Incentive (PLI) Schemes to boost clean fuel vehicles and their components, as reported by Reuters on the same day. The 20 enterprises include...
India’s Ministry of Power announced that the country seeks to phase out diesel use in agriculture and replace it with renewable energy by 2024, as reported by Reuters on February 11. In February 2020, the Indian government announced an incentive program to encourage farmers to...
Singapore Airlines (SIA) [SIA:SP] will start a one-year pilot scheme starting from 3Q22 in which it will use blended sustainable aviation fuel (SAF) produced by US oil producer ExxonMobil [XOM:US], as reported by Strait Times on February 11. The SAF comprises 1.25m liters of neat...
Tokyo-based Kaneka [4118:JP], an international chemical manufacturer, plans to quadruple its production capacity of a biodegradable polymer to 20,000 tons per year, as reported by Nikkei Asia on February 11. The polymer, dubbed PHBH, is biosynthesized by microorganisms using plant oils as the primary raw...
LG Group is incorporating environmental, social and governance (ESG) matters into subsidiary management by increasing their dividend policy predictability, as reported by the Korea Economic Daily on February 14. Subsidiaries of the South Korean conglomerate, including LG Electronics [066570:KS], LG Display [034220:KS], LG Innotek [011070:KS],...
China Resources Power (CR Power) [0836:HK] has selected ABC International Holdings and China International Capital Corporation [3908:HK] for the listing of its renewable energy business in Hong Kong, as reported by Bloomberg on February 14. The unit is working on the IPO with HSBC [HSBC:US]...
Australia-based mineral project developer Neometals [NMT:AU] is seeking a secondary listing on the London Stock Exchange (LSE), as reported by Bloomberg on February 14. Neometals, which possesses technology for recycling lithium-ion batteries and vanadium, believes the IPO will benefit from UK and European investors' interests...
The European Union’s Sustainable Finance Disclosure Regulation (SFDR) is established to facilitate ESG (Environment, Social, Governance) investing as it has become the mainstream of the world of finance and investing. According to Bloomberg’s analysis, the global sustainable financial assets under management (AUM) reached USD37.8tr by...
JTC Corporation, a statutory board under Singapore’s Ministry of Trade and Industry, will require solar panels to be deployed for new land and land-based facility allocations, lease renewals, land launches, and tenders in all its estates, as reported by Strait Times on February 7. The...
UN-supported Principles for Responsible Investment (PRI), an international investor network aimed at establishing a sustainable global financial system, released a report calling on investors to improve their performance on diversity, equity, and inclusion (DEI) issues, as reported by ESG Today on February 7. The report...
Japanese oil giant Inpex [1605:JP] aims to invest up to JPY100bn (USD868m) in building carbon capture facilities near Darwin, Australia, as early as 2026, as reported by Nikkei Asia on February 9. The project will capture and store carbon dioxide produced by Inpex's Ichthys gas...
China sets 2030 as the new deadline for peaking carbon emissions for the steel industry, against the earlier target of 2025, according to a guideline published by the Ministry of Industry and Information Technology (MIIT) and two other regulators on February 7, as reported by...
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