Insights

20 Apr

Posted at 11:06h in 2023-04-20, Deep Dive by

The latest announcements by the International Sustainability Standards Board (ISSB) lay out proposals for climate-related disclosure standards as well as a proposed general standard for sustainability-related financial Information. The ISSB Is an independent, private-sector body that develops and approves International Financial Reporting Standards (IFRS) which oversees...

19 Apr

Posted at 16:09h in 2023-04-20, Quick Hits by

Norway's parliament has instructed the government to consider using carbon capture and storage (CCS) technology as an alternative to electrification in reducing carbon emissions at the country's largest liquefied natural gas (LNG) plant, the Melkoeya LNG plant, as reported by Reuters on April 18. The Melkoeya LNG plant is one of the biggest...

19 Apr

Posted at 15:47h in 2023-04-20, Quick Hits by

Investors with more than USD500bn in assets have backed a shareholder resolution calling for global mining company Glencore [GLEN:LN] to provide more information about how it will manage its climate change commitments, as reported by Reuters on April 18. Nine institutional investors, including Man Group, Scottish Widows, and Brunel...

19 Apr

Posted at 13:44h in 2023-04-20, Quick Hits by

Shell [SHEL:LN] has introduced the world's first electric ferry at its Singapore refinery, as part of its collaboration with Singapore's Maritime and Port Authority (MPA) on reducing emissions from ships, as reported by Reuters on April 17. Shell Eastern Trading and the MPA has signed a five-year agreement to jointly promote the adoption of electric harbor craft and the development...

19 Apr

Posted at 13:14h in 2023-04-20, Quick Hits by

A coalition of 15 major investors managing GBP2.4tr(USD3tr) has signed a statement urging businesses to provide adequate support for lowest-paid workers to help them cope with the current cost of living crisis, as reported by Reuters on April 14. Responsible investment group, ShareAction, gathered investors including the UK's biggest asset manager Legal and General Investment Management [LGEN:LN], Aviva Investors[AV/:LN], AXA...

19 Apr

Posted at 12:47h in 2023-04-20, Quick Hits by

The Asian Development Bank (ADB) [ATB:AU] announced that it will provide an additional USD15bn in funding for emerging markets to tackle climate change under a new, faster lending model, as reported by Nikkei Asia on April 14. Under this model, advanced economies will provide USD3bn in guarantees, allowing ADB to offer loans worth five times that amount. This marks...

13 Apr

Posted at 12:06h in 2023-04-13, Quick Hits by

Japanese automaker Honda Motor [HMC:US] and South Korean steelmaker POSCO Holdings [PKX:US] have formed a partnership to explore collaboration possibilities in recycling electric vehicle (EV) batteries and other initiatives, which help reduce their carbon footprints, as reported by Nikkei Asia on April 12. The two companies will also explore procurement of cathode and anode material, as...

13 Apr

Posted at 11:46h in 2023-04-13, Quick Hits by

India will exempt transmission fees for renewable power used in hydrogen manufacturing plants built up before January 2031, extending a waiver previously available for projects set up before July 2025, as reported by Reuters on April 11. According to sources familiar with the matter, the move will enable more green hydrogen projects to qualify for...

13 Apr

Posted at 09:12h in 2023-04-13, Quick Hits by

An employee of Norway's sovereign wealth fund and one of the world’s biggest investors, Norges Bank Investment Management(NBIM), is taking her employer to court in Oslo over allegations of gender discrimination, as reported by Reuters on April 12. Elisabeth Bull Daae, who heads the trading analytics division at NBIM, is seeking NOK16m...

12 Apr

Posted at 18:17h in 2023-04-13, Quick Hits by

Tesla [TSLA:US] plans to build a new battery plant in Shanghai’s Lin-gang Free Trade Zone (FTZ), where the company’s massive electric car factory is also located, as reported by Caixin on April 9. The new factory will produce Megapack, a grid-scale energy storage product. The construction is scheduled to begin in 3Q23 and the plant is expected to be operational in...

12 Apr

Posted at 17:18h in 2023-04-13, Quick Hits by

Mastercard [MA:US] has pledged to remove first-use PVC plastics from its payment cards by 2028, as reported by ESG Today on April 10. From January 1, 2028, Mastercard will require all banks issuing its payment cards to use sustainable materials, such as recycled or bio-sourced plastics including rPVC, rPET, or PLA. All newly made cards will be certified by Mastercard to assess their composition and...

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