The European Union (EU) has entered the second year of implementing the Sustainable Finance Disclosure Regulation (SFDR), a part of a legislative package on sustainable finance. The measures also include the Regulation (EU) 2020/852 (Taxonomy Regulation, hereinafter referred to as “TR”). In order to provide...
Japan’s Yamaha Motor [7272:JP] is planning to launch synthetic-fuel motorcycles in India and Indonesia as part of its attempt to achieve carbon neutrality, as reported by Nikkei Asia on April 11. The synthetic fuel in question will be made from bioethanol and other raw materials....
Hyundai Motor [005380:KS] has released a new platform for electric vehicle (EV) charging service to strengthen its presence in the South Korean EV market, as reported by the Korea Economic Daily on April 4. The platform, called E-pit, updates services for both Hyundai’s EV customers...
Hong Kong's financial secretary Paul Chan Mo-Po stated that the city will shortly restart the issuing of retail green bonds, as reported by Reuters on April 10. The retail green bond offering is worth HKD15bn (USD1.9bn) and can be subscribed for up to HKD20bn (USD2.55bn)....
German solar developer ib vogt and ACEN [ACEN:PM], the listed platform of Philippine conglomerate Ayala Group [AC:PM], have set up a joint venture (JV) to develop large-scale photovoltaic (PV) projects in the Asia-Pacific (APAC) region, as reported by PV Tech on April 4. The JV...
Sumitomo Mitsui Financial Group (SMFG) [8316:JP] and Mitsubishi UFJ Financial Group (MUFG) [8306:JP], two of Japan’s three megabanks, have pledged not to fund new thermal coal mining projects, as reported by Nikkei Asia on April 1. The other megabank, Mizuho Financial Group (MFG) [8411:JP], has...
Chinese automaker and power battery manufacturer BYD [002594:CH] announced that it has stopped making combustion engine vehicles last month and it will focus on full electric and plug-in hybrid cars, as reported by Reuters on April 3. The company’s move makes it the world’s first...
Thailand’s state-owned oil major PTT [PTT:TB] will separate and sell its coal mining business in Indonesia and focus more on clean and environmentally friendly technologies, as reported by S&P Global on April 2. PTT made the decision because it witnessed the revenue decline in its...
The International Financial Reporting Standards Foundation (IFRS) announced on March 31 that the International Sustainability Standards Board (ISSB) released its first exposure drafts of proposed standards of company sustainability and climate-related disclosures. The new standards will become a comprehensive global baseline, assisting the capital market...
India’s Environment Minister, Bhupender Yadav, launched several green initiatives for plastic waste management on April 5, as reported by Economic Times on the same day. The minister proposed a state organ responsible for plastic waste management and the elimination of single-use plastic (SUP), together with...
China has published new rules requiring live-streaming platforms to provide reports on their live-streamers twice a year and to deduct personal income tax from live-streamers’ revenue, as reported by SCMP on March 31. Specifically, the reports need to include information such as personal identity, online...
PetroChina [PTR:US], China’s largest oil and gas producer, committed that renewables will account for one-third of its energy portfolio by 2035 and 50% by 2050, as reported by Reuters on April 1. The state-owned enterprise’s chief financial officer, Chai Shouping, stated the company will utilize...
Japan's Mitsubishi Heavy Industries [7011:JP] is in talks with US utility firm Bakken Energy on clean hydrogen projects with an annual capacity of over 300,000 tons, as reported by Nikkei Asia on April 5. Mitsubishi Heavy Industries is planning to invest in and participate in...
India’s refiners, Indian Oil Corp [IOCL:IN], Larsen＆Toubro [LT:IN] and renewable energy company ReNew Power will form a joint venture (JV) to launch green hydrogen projects, according to Reuters on April 4. The JV will start with projects at Indian Oil Corp's Mathura and Panipat refineries...
Vietnam is investigating the maximum amount of greenhouse gas emissions for manufacturers under its cap-and-trade scheme, as reported by Nikkei Asia on April 6. The country is bearing an increasing carbon emission burden as many multinational groups such as Panasonic [6752:JP] and Nestle [NESN:SW] relocate...
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