Insights

12 Oct Nissan Motor Aims at Zero Carbon Emissions in All Factories by 2050

Posted at 17:18h in 2021-10-14, Quick Hits by Una Qu

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,...

12 Oct SAMR Fines Meituan for RMB3.44bn over Monopolistic Behavior

Posted at 14:42h in 2021-10-14, Quick Hits by Helena Zhu

China’s State Administration for Market Regulation (SAMR) fined food delivery giant Meituan [3690:HK] RMB3.44bn (USD533m) for its monopolistic tactic after a six-month investigation, as reported by Caixin on October 8. The fine accounts for 3% of Meituan’s 2020 domestic revenues, which was RMB114.7bn (USD17.8bn). The...

09 Oct South Korea to Boost Domestic Hydrogen Industry with 30 Leading Firms by 2030

Posted at 17:14h in 2021-10-14, Quick Hits by Una Qu

South Korea’s President Moon Jae-in on October 7 announced a goal of building up the country into a leading hydrogen economy in the world, making clean hydrogen as its future growth driver, as reported by the Korean Economic Daily on the same day. The Asian...

30 Sep How Companies Can Build Business Climate Resilience

Posted at 14:53h in 2021-09-30, Deep Dive by Haiyan Luo

Climate change has displaced over 22.5 million people, more than 800 million people lack sufficient food, and over one million animal species are facing extinction. The Intergovernmental Panel on Climate Change (IPCC), a United Nations (UN) body for assessing the science related to climate change,...

30 Sep Australian Antitrust Watchdog Calls for New Law to Curb Google’s Dominant Position

Posted at 12:51h in 2021-09-30, Quick Hits by Tina Zhang

Antitrust authority Australian Competition and Consumer Commission (ACCC) pointed out that Google is dominant in the Australian advertising supply chain, which hurts the interests of publishers, advertisers, and consumers, according to ABC News on September 29. ACCC accused Google of abusing its first-party data to...

29 Sep Indonesia Passes Sun Cable’s Solar Transmission Project from Australia to Singapore

Posted at 17:11h in 2021-09-30, Quick Hits by Una Qu

Renewable energy developer Sun Cable received approval from Indonesia to build an electricity transmission cable cross through the country’s territorial waters, as reported by Bloomberg on September 23. With a recommended route for Sun Cable, the Indonesian government also issued the subsea survey permit to...

29 Sep Japanese Insurer Tokio Marine Withdraws from Coal Mining Projects

Posted at 11:41h in 2021-09-30, Quick Hits by Helena Zhu

Japanese insurance company Tokio Marine Holdings [8766:JP] will stop financing and underwriting new coal mining projects both in Japan and abroad from October, as reported by Nikkei on September 27. Last year, Japan’s three largest insurance conglomerates, namely Tokio Marine, Sompo Japan [8630:JP], and Mitsui...

28 Sep Hyundai Steel to Recycle Samsung Electronics’ Chip Waste for Steelmaking

Posted at 17:49h in 2021-09-30, Quick Hits by Una Qu

South Korean steel producer Hyundai Steel [004020:KS] and Samsung Electronics [005930:KS] announced on September 27 that the two companies developed a technology to manufacture steel by recycling the latter’s chip waste, as reported by the Korean Economic Daily on the same day. The two parties...

28 Sep Delhi Metro Rail Corporation Earns USD2.6m by Selling Carbon Credits

Posted at 16:57h in 2021-09-30, Quick Hits by Tina Zhang

Delhi Metro Rail Corporation (DMRC), the leading transportation service provider in India, reported that it had earned green revenue of IND195m (around USD2.6m) by selling 3.55m carbon credits collected during a six-year period since 2012, according to ETEnergyworld.com on September 27. DMRC is the first...

27 Sep China Issues First Operating Guidance for Green Bond Evaluation Agencies

Posted at 16:54h in 2021-09-30, Quick Hits by Una Qu

China Green Bond Standard Committee (CGBSC) released the first operating guidance to regulate the domestic green bond evaluation market on September 24, according to the press on the National Association of Financial Market Institutional Investors (NAFMII) on the same day. The guidance will focus on...

27 Sep Australian Prime Minister Refuses Coal Phase Out Commitment

Posted at 15:44h in 2021-09-30, Quick Hits by Helena Zhu

Australian Prime Minister Scott Morrison declined to commit to a national coal phase-out, as reported by Reuters on September 26. At an interview following a summit at Washington, the Prime Minister said that emissions reduction plans were still in the works, and that he would...

23 Sep Cathay Pacific Commits to 10% SAF Use by 2030

Posted at 12:37h in 2021-09-23, Quick Hits by Helena Zhu

Cathay Pacific [0293 :HK] pledges to increase the use of Sustainable Aviation Fuel (SAF) to 10% of its total fuel consumption by 2030 through its partnership with California-based low-carbon transportation fuel company Fulcrum BioEnergy, as the airline announced in a press release on September 22....

23 Sep Rio Tinto to Triple Solar Capacity on its Australian Mining Site

Posted at 12:03h in 2021-09-23, Quick Hits by Tina Zhang

The global mining giant Rio Tinto [RIO:AU] declared its partnership with EDL Energy, an Australian sustainable energy producer, to enlarge its solar capacity by three times and add more battery storage to its Weipa operations in far North Queensland, as reported by PVTech on September...

23 Sep Samsung C&T, S-Oil to Jointly Produce Hydrogen

Posted at 11:51h in 2021-09-23, Quick Hits by Tina Zhang

Samsung C&T Group [028260:KS] signed a Hydrogen and BioFuel Business Partnership with S-Oil [010950:KS] to produce green Hydrogen together in Saudi Arabia and transit back to South Korea, as reported by the Korea Economic Daily on September 17. Under their agreement, S-Oil promised to offer...

23 Sep TSMC Fires Seven Employees Over Violation of Core Values

Posted at 11:21h in 2021-09-23, Quick Hits by Helena Zhu

Taiwan Semiconductor Manufacturing Company (TSMC) [TSM:US] has fired seven employees citing violation of the company’s core values, as reported by Taipei Times on September 23. TSMC is the world’s largest contract semiconductor company with many leading electronics companies as clients, such as Apple [AAPL:US], Intel...