As part of Peru’s growing momentum towards promoting ESG practices, the development and implementation of ESG disclosure regulations has formed a key role in the country’s updated Green Finance Roadmap, as highlighted by the Peruvian Ministry of Environment (MINAM). ESG disclosures are one of the three...
Britain announced its plan to introduce a new law that will limit the power of major tech companies like Google [GOOG:US], Facebook [FB:US], and Amazon [AMZN:US] to suppress competition in digital markets, as reported by Reuters on April 24. This legislation aims to protect consumers by...
Citigroup (C:US) has published its annual environmental, social, and governance (ESG) report, revealing that it facilitated USD123.5bn in sustainable finance in 2022, which is a 24% YoY decrease due to the global economic downturn, as reported by ESG Today on April 25. However, from 2020...
Toymaker LEGO [LEGO:DC] and Danish drugmaker Novo Nordisk [NOVOB:DC] have agreed to purchase e-methanol, a lower-carbon alternative to conventional plastic ingredients, from Demark-based renewable energy firm European Energy, as reported by ESG Today on April 25. LEGO will explore using e-methanol in some types of...
The European Council has adopted five laws that will enable the European Union (EU) to cut greenhouse gas emissions within the main sectors of the economy, as reported by ESG Today on April 25. The vote in the Council is the last step in passing...
The UK and the Netherlands plan to construct the world’s largest cross-border power line connecting the two countries to offshore wind farms in the North Sea, as reported by Reuters on April 24. This project is intended to strengthen the energy security of both countries and provide green electricity to 1.8 million homes. The cross-border electricity cable will be the...
Australia is set to issue its first sovereign green bond in mid-2024, as reported by the Australian Financial Review on April 21. Treasurer Jim Chalmers stated that this would allow major investors, such as superannuation funds and banks, to finance public projects that support Australia’s transition...
The US Environmental Protection Agency (EPA) is set to release new emission standards for new and existing power plants, as reported by Reuters on April 23. According to sources familiar with the matter, the new rules would require almost all coal- and gas-fired power plants...
Viva Aerobus [VIVACPO:MM], a budget airline from Mexico, has agreed to purchase 1 million liters of sustainable aviation fuel (SAF) from Finland's Neste [NESTE:FH], one of the largest producers of SAF, according to a joint statement by the companies on Monday. The fuel will be used on flights...
A group of Indigenous Australians filed a complaint against 20 large Australian pension funds for investing in Santos Ltd's[STO:AU] two gas projects, alleging that the funds have a responsibility to prevent adverse human rights impacts of the companies they invest in, as reported by Reuters on April...
The Monetary Authority of Singapore (MAS) has launched the Finance for Net Zero (FiNZ) Action Plan to mobilize financing and support Asia’s net-zero transition and decarbonization activities in Singapore and the region, as reported by Strait Times on April 20. Building upon MAS's Green Finance Action Plan...
E.ON [EOAN:GR], one of Germany's major utilities, announced on Friday that Germany is making progress towards achieving its green hydrogen market goals by the end of the decade, as reported by Reuters on April 21. In the past six months, new and larger green hydrogen projects...
Australia is set to introduce fuel efficiency standards as part of its new national electric vehicle (EV) strategy, in a bid to catch up with other developed economies in promoting EV adoption, as reported by Reuters on April 19. According to Energy Minister Chris Bowen, the new standards will stipulate the amount of carbon dioxide a car could produce while running. Details of the new EV strategy...
The European Parliament has passed a resolution on Sustainable Carbon Cycles with a vote of 323 to 257, and 59 abstentions, as reported by ESG Today on April 18. Sustainable Carbon Cycles is the European Commission’s action plan to develop sustainable solutions to increase carbon removals. In this resolution, Members of the European Parliament (MEPs) recognized the potential for carbon removals to limit climate change while stressing the need for...
HD Hyundai [329180:KS], South Korea’s largest shipbuilding conglomerate, has developed the country’s first vessel for transporting ammonia from sea to land, as reported by the Korea Economic Daily on April 19. HD Hyundai’s affiliates, Korea Shipbuilding & Offshore Engineering (KSOE) [009540:KS] and HD Hyundai Heavy...
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