South Korean battery producer Samsung SDI [006400:KS] is eyeing building a battery cell plant in the US amid the rising demand for electric vehicles (EVs), according to Reuters on July 8. Although company officials have not disclosed details of the investment, a company source told...
Bank of Singapore (BOS), the private banking arm of OCBC [OCBC:SP], unveiled a new investment financing assessment framework that lifted the loan quantum for mutual funds with high ESG ratings, as reported by The Business Times on July 13. The new framework increased the advance...
Budweiser Brewing Company APAC [1876:HK] signed a USD500m sustainability-linked loan (SLL), structured as a revolving credit facility (RCF), with a banking syndicate led by Bank of China [3988:HK] on July 12, as reported by South China Morning Post later that day. The RCF, under a...
G20 finance ministers signed an official communique on July 10 endorsing carbon pricing as an effective tool to mitigate the impacts of climate change, as reported by Reuters later that day. Following a meeting of the G20 Financial Ministers and Central Bank Governors (FMCBG) in...
Japanese environment and trade ministries published the target to achieve 108GW of solar power capacity by 2030, up-scaling its previous 64GW target by 1.7 times, as reported by PV Tech on July 7. Currently, Japan is on track to reach 88GW of solar capacity by...
Australian ESG investor Providence Asset Group (PAG) signed an initial 30-month power purchase agreement (PPA) with SmartestEnergy Australia, a subsidiary of Japanese conglomerate Marubeni Corporation [8002:JP], as reported by PV Tech on July 7. PAG will deliver renewable electricity from its over 30 community solar...
China Petroleum & Chemical Corp (Sinopec) [SNP:US] launched the construction of the country’s first carbon capture, utilization, and storage (CCUS) project above one-million-ton capacity, as reported by Sina on July 5. The project, named after two of Sinopec’s subsidiaries Qilu Petrochemical and Shengli Oilfield, will...
ESG investing is a new initiative with fast-growing awareness among Chinese companies. It impacts the entire investment value chain including asset owners, asset managers, as well as listed companies and their stakeholders. This initiative is yet to become a mainstream phenomenon in the Chinese...
Japanese car manufacturer Nissan [7201:JP] announced its plan to build a GBP1bn (approximately USD1.38bn) gigafactory in Sunderland, the UK, in collaboration with Chinese battery technology company Envision AESC, as reported by CNBC on July 1. This would be the first gigafactory in the UK, estimated...
Singapore’s national electrical and electronic waste (e-waste) management system took effect on July 1, according to an announcement posted by the National Environment Agency (NEA) on June 30. The new system covers common e-waste types including light bulbs, portable batteries, mobile phones, computers, and other...
Four financial firms including UBS [UBS:US], Singapore’s DBS [DBS:SP], Denmark’s Danske Bank [DANSKE:DC], and Amsterdam-based ABN AMRO Bank [ABN:NA] issued a joint press release on June 30 with Harvard Business School’s Impact-Weighted Accounts Initiative (IWAI) and the Impact Institute, announcing that they would ally to...
The Cyberspace Administration of China (CAC) on July 4 ordered to remove the mobile app of ride-hailing giant Didi [DIDI:US] from app stores in the country, as reported by Caixin later that day. The order came after the CAC received reports on the app’s cybersecurity...
South Korea plans to accelerate large-scale R&D projects for rechargeable batteries in the form of public-private partnerships (PPP), as reported by The Korea Herald on July 1. According to South Korea’s Finance Minister Hong Nam-ki in a meeting in Seoul earlier that day, the government...
The Securities and Futures Commission (SFC) of Hong Kong issued a circular on June 29 regarding enhanced disclosures for ESG-related funds, according to an official announcement by the SFC later that day. The circular replaced a previous version released in 2019 to management companies of...
Amid the rising awareness of ESG issues, Asian governments are prioritizing ESG related regulations and developing rules to push forward more accountable and sustainable development of companies. The Hong Kong Stock Exchange (HKEX) is proposing changes to its Corporate Governance Code and Listing Rules to...
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