Ranging from monopolistic behaviors and accounting frauds to workplace harassment and environmental incidents, ESG controversies could have significant adverse effects on companies. ESG data vendors like MSCI, Refinitiv, Sustainalytics, ISS, all have scores or ratings to help analyze the impact of ESG controversies on corporates....
The Standing Committee of the 13th National People's Congress (NPC) approved the Personal Information Protection Law (PIPL) on August 20, which will take into force on November 1, as reported by Chinanews.com on the same day. The law stipulates that no organization or individual shall...
Hyundai Mobis [012330:KS], South Korean conglomerate Hyundai Motor Group’s auto parts subsidiary, unveiled on August 20 that it would spend USD1.1bn to build hydrogen fuel cell production facilities in Incheon and Ulsan, according to The Korea Economics Daily on the same day. The plant in...
New Zealand’s electricity and gas provider Genesis Energy [GEL:US] announced its plan for the biggest grid-connected solar power investment in New Zealand to date as part of its renewable generation program, according to Stuff on August 12. Over the next five years, the company intends...
Indian sustainable energy developer ReNew Power announced that it would go public on the Nasdaq under the ticker symbol, RNW, on August 24, valued at USD8bn, according to The Economics Times on August 18. This was a step for ReNew to access the global market...
South Korean chemical company LG Chem’s [051910:KS] subsidiary LG Energy Solution (LGES) stated on August 16 that it made a procurement deal with Australian Mines [AUZ:AU] for nickel and cobalt between 2024 and 2030, according to The Korea Times on the same day. Nickel and...
Singapore’s Minister for Sustainability and Environment Grace Fu officially announced the establishment of the Plastics Recycling Association of Singapore (PRAS) on August 17, as reported by CNA on the same day. PRAS will focus on increasing the country’s ability to recycle plastics and sharing knowledge...
From monopolistic behaviors and accounting frauds to workplace harassment and environmental incidents, these scandals could have significant adverse effects on companies, ranging from consumer boycotts to legal penalties. Not to mention, the scandals would damage the reputation of both the companies themselves and their shareholders. ESG-related...
South Korean steelmaker POSCO [005490:KS] raised USD1.3bn by issuing convertible green bonds with a five-year maturity and zero-coupon rate on August 13, according to The Korea Economic Daily reported on August 15. This was the largest convertible bond released by South Korean companies, with JPMorgan...
BHP [BHP:US] unveiled that the group would sell its whole oil and gas business to Australian company Woodside Petroleum [WPL:AU], valued at about AUD20bn (USD14.7bn), as reported by Bloomberg on August 16. Woodside would issue new shares to BHP’s shareholders for acquiring the latter’s oil...
Indian Prime Minister Narendra Modi on August 15 announced the target of achieving self-reliance in energy by 2047 and the formal launch of the National Hydrogen Mission, according to The Economics Times on the same day. The implementation plan includes increasing the proportion of natural...
Foxconn [2354:TT] announced on August 12 its plans to construct electric vehicle (EV) factories in the US and Thailand in 2022 and start mass production in 2023, as reported by Nikkei on the same day. The firm’s chairman Liu Young-way said at the shareholders’ meeting...
The Japanese government would design a new indicator combining the country’s development in its gross domestic product (GDP) and its progress in greenhouse gas emissions (GHG) reduction, according to Reuters on August 12. With the decline in the country’s GHG emissions in recent years, the...
China’s leading battery manufacturer CATL [300750:CH] announced a private placement plan on August 12, aiming to raise up to RMB58.2bn to expand its battery production capacity, as reported by Caixin on August 13. CATL planned to issue at most 233m shares, equivalent to 10% of...
The Central Committee of the Communist Party of China (CPC) and State Council on August 11 jointly released an implementation outline for the government’s development under the rule of law for the next five years, as reported by Caixin the next day. The outline underscored...
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