ESG Tag

04 Apr Munich Re Exits Insurance Climate Group over Antirust Risks

Posted at 21:38 by Jordy Leo

German insurer Munich Re [MUV2:GR], the world’s largest reinsurer, announced that it was withdrawing from the Net-Zero Insurance Alliance (NZIA) to avoid antitrust risks, as reported by Reuters on March 31. Founded in 2021, the NZIA aims to help insurers accelerate the transition towards net-zero...

22 Mar Mexican Regulator to Punish State Oil Firm Pemex for Illegal Gas Flaring

Posted at 12:16 by Jordy Leo

Mexico's northern state Nuevo Leon warned that it would seek penalties for indebted state-owned oil company Pemex after detecting a significant increase in visible emissions from its Cadereyta refinery on March 19, as reported by Reuters on the same day. Pemex stated that it has...

21 Mar US President Biden Vetoes Bill Limiting ESG Factors in Investments

Posted at 16:02 by Tracy Liu

On March 20, US President Joe Biden vetoed a Republican proposal aimed at preventing pension fund managers from taking into account environmental, social, and corporate governance (ESG) factors when making investment decisions, as reported by Reuters on the same day. The veto comes after the...

15 Mar EU to Launch New Round of Climate-Related Stress Test in Financial Sector

Posted at 11:52 by Jordy Leo

The European Union’s (EU) financial regulators will carry out a comprehensive system-wide analysis of the financial sector’s resilience to climate-related risks, according to a letter by the European Commission, as reported by ESG Today on March 10. The commission suggested in the letter that the...

28 Feb Seneca ESG and ABeam Consulting (Thailand) Join Forces to Promote ESG Initiatives in Southeast Asia

Posted at 11:49 by SenecaESG

SINGAPORE & THAILAND, Feb 27, 2023 -- Seneca ESG, a provider of corporate sustainability assessment, reporting, and integration solutions with financial services, is pleased to announce its collaboration with ABeam Consulting Thailand, a leading consulting firm with expertise in business and digital transformation, to support corporate ESG...

08 Dec PepsiCo Introduces Goal to Double Reusable Packaging for Beverages

Posted at 11:52 by Jordy Leo

PepsiCo[PEP:US] announced a global packaging goal of doubling the percentage of all beverage servings provided in reusable or refillable packaging to 20% by 2030 from 10% at present, as reported by ESG Today on December 5. The firm outlined measures to achieve the new packaging...

10 Nov New Yorkers Vote on USD4.2bn Municipal Bond for Climate Change Mitigation

Posted at 12:48 by Jordy Leo

Voters in New York State voted on the Clean Water, Clean Air, and Green Jobs Environment Bond Act, also known as Proposal 1, which allows for the sale of USD4.2bn in state bonds for climate change mitigation, as reported by Bloomberg on November 4. The...

22 Sep INSIGHTS | Best of Both Worlds: ESG in Private Equity

Posted at 16:30 by Helena Zhu

Environmental, social, and governance have now become widely practiced by the top investment firms worldwide, influencing billions of dollars in investment decisions and pushing companies to meet investors’ demand for more sustainable and equitable practices. However, the private equity market still sees relatively little action...

13 Sep Thailand Plans to Introduce a Carbon Emission Tax

Posted at 15:30 by Jordy Leo

Thailand will introduce a carbon tax to match the global trend, as reported by Bangkok Post on September 12. According to Thailand’s Excise Department director-general Ekniti Nitithanprapas, as the European Union (EU) countries plan to impose a carbon border tax on some carbon-intensive imports from...

22 Jun South Korea’s Hana Bank, HIRA Expand Collaboration on ESG Practices

Posted at 16:01 by Lexy Li

Hana Bank [004940:KS] and the Health Insurance Review and Assessment Service (HIRA), a government agency under South Korea’s Ministry of Health and Welfare, have agreed to expand their collaboration on environmental, social, and corporate governance (ESG) practices in the public health care system and social...

08 Jun LG Innotek to Help Partners Improve ESG Practices

Posted at 15:22 by Lexy Li

LG Innotek [011070:KS] has established an agreement with the Korea Commission for Corporate Partnership to assist the firms' partners with their environmental, social, and corporate governance (ESG) performance, as reported by The Korea Herald on June 7. The South Korean electronic component manufacturer and the...

10 Mar CBRE Publishes Report on Indian Real Estate’s ESG Landscape

Posted at 11:31 by Jordy Leo

CBRE South Asia, a unit of the global real estate firm CBRE Group [CBRE:US], released a report that outlined the companies’ Environmental, Social, and Governance (ESG) strategies in India and introduced the ESG landscape of India’s property industry, as reported by APN News on March...

08 Mar Citibank Korea Collaborates with Hyundai E&C on Sustainable Growth

Posted at 16:34 by Lexy Li

Citibank Korea has established an agreement with Hyundai Engineering & Construction (E&C) [000720:KS], the Hyundai Group's construction company, to promote ESG practices and expand their global businesses, as reported by the Korea Times on March 7. As part of the partnership, Citibank will provide a...

03 Mar Aberdeen Asset Management Introduces Tech ESG Fund in Thailand

Posted at 14:30 by Jordy Leo

Thailand’s Aberdeen Asset Management, an affiliate of UK-based global investment company Abrdn Plc [ABDN:LN], is launching Abrdn Global Innovation Equity Fund (ABINNO), a mutual fund focused on tech businesses that comply with environmental, social, and governance (ESG) criteria, as reported by Bangkok Post on March...

17 Feb Cosmetics Giant Shiseido Revises Procurement Policy to Focus on Sustainability

Posted at 11:26 by Jordy Leo

Japanese cosmetics producer Shiseido [4911:JP] released a new Group Procurement Policy, which expanded responsible procurement requirements for suppliers in key sustainability areas including environment and human rights, as reported by ESG Today on February 15. The new policy outlined a set of criteria for suppliers...