President Xi Jinping announced that China will no longer build new coal-fired power projects abroad at the opening meeting of the 76th United Nations General Assembly (UNGA) on September 21, as reported by The Strait Times on September 22. The president also repeated last year’s...
Chinese photovoltaic (PV) power developer Sungrow [300274:CH] said the 58.5-megawatt (MW) floating solar farm in Ubon Ratchathani, Thailand, has been connected to the grid for operations, according to PV-Tech on September 17. This is Thailand’s largest hydro-floating PV plant at present, which is also combined...
South Korea’s KB Financial Group [KB:US] and Shinhan Financial Group [SHG:US] jointly spent KRW80bn (USD68m) on a 45% stake of Sweden’s Gubbaberget Wind Farm through their Global Green Energy Partnership Fund, as reported by the Korea Economic Daily on September 17. Specifically, KB Kookmin Bank,...
The Commonwealth Bank of Australia (CBA) announced that it will issue a green bond of AUD202m to support the Charter Hall’s 480 Swan Street development in Richmond, Victoria, according to the CBA’s newsletter on September 14. Charter Hall plans to design the commercial office for...
MSCI has announced the launch of its Implied Temperature Rise solution for investors to track how companies align with global temperature targets, according to Sina Finance on September 15. The company-level dataset covers nearly 10,000 listed companies based on the MSCI ACWI Investable Market Index...
The years of 2020 and 2021 saw a wave of financial institutions and funds announcing plans to divest from coal and other fossil fuel investments. From global asset managers to university endowments to pensions and sovereign wealth funds, financial institutions are taking a more serious...
Singapore’s Advisory Committee on Platform Workers, announced by Prime Minister Lee Hsien Loong in August, is in the early works to improve gig workers welfare, as reported by the Straits Times on September 15. Its three focuses are financial protection for work injury, retirement and...
South Korea’s Fair Trade Commission (KFTC) has commenced investigations into internet group Kakao’s [035720:KS] ride-hailing unit Kakao Mobility and e-commerce giant Coupang [CPNG:US] for their alleged unfair business practices, as reported by the Korea Economic Daily on September 12. To be more specific, taxi driver...
ReNew Power, a subsidiary of ReNew Energy Global [RNW: US], stated that its 250-megawatts (MW) solar plant had entered service in Jaisalmer, Rajasthan, on September 9, as reported by Economics Times on the same day. This is a part of the Inter-State Transmission System (ISTS)...
Vietnamese multi-industry group T&T and a leading wind power developer, Orsted, have signed a Memorandum of Understanding (MOU) about a strategic collaboration on offshore wind development in Vietnam on September 9, according to Orsted’s own newsletter published on the same day. During this collaboration, two...
Chinese authorities on September 8 summoned major online gaming companies such as Tencent [0700:HK] and NetEase [NTES:US], along with game account rental and game broadcasting platforms, reiterating the gaming anti-addiction policy implementation to protect teenagers, as reported by Xinhuanet on the same day. The central...
Japanese Financial Services Agency’s (FSA) working group intended to introduce the mandatory climate-risk related disclosure, which may start with corporate securities reports for the fiscal year ended on March 31, 2022, according to Regulation Asia on September 6. The FSA also discussed the disclosure guidelines...
The operation and activities led by companies have an enormous impact on the environment, society, and legislation. In return, companies should take more responsibilities to protect the environment and step towards sustainable development goals. On June 17, environmental activists from South Korea, Australia, and other...
IFM Investors, one of Australia’s largest infrastructure investors, has pledged to phase out thermal coal from its infrastructure portfolio by 2030, as reported by Bloomberg on September 6. The infrastructure portfolio in question includes AUD75bn (USD56bn) of assets in toll roads, airports, and oil pipelines....
State Grid Corporation of China and China Southern Power Grid (CSG) launched the national-level green electricity trading trial for the first time on September 7, following approval from NDRC and National Energy Administration (NEA), as reported by Xinhuanet on the same day. According to the...
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