Author: Jordy Leo

15 Feb Brazil Consults Mexico, Chile, and Germany on Establishing Green Bond Framework

發表於 19:06 作者 Jordy Leo

Brazil’s Finance Ministry revealed that the country is in talks with Mexico, Germany, Colombia, and Chile about setting up a framework to issue environmental, social, and governance (ESG) bonds, as reported by Reuters on February 10. The four states consulted by Brazil have all issued...

15 Feb EU to Allow Targeted, Temporary Support for Net-Zero Industry

發表於 18:54 作者 Jordy Leo

European Union (EU) leaders have agreed to allow “targeted, temporary, and proportionate" support to ensure Europe's future as a manufacturing hub for green tech products and to counter competition from the US and China, as reported by Reuters on February 10. Specifically, the European Commission...

09 Feb Activision Blizzard Fined USD35M for Violating Whistleblower Protection and Investor Disclosure Rules

發表於 11:07 作者 Jordy Leo

Video game development and publishing company Activision Blizzard [ATVI:US] agreed to pay USD35m to settle charges of failing to have systems in place to properly handle disclosures of employee complaints and violating whistleblower protection rules, according to the US Securities and Exchange Commission (SEC) website,...

09 Feb BP Reiterates Equal Spendings on Fossil Fuels, Energy Transition by 2030

發表於 11:00 作者 Jordy Leo

British energy giant BP [BP:LN] announced an overhauled budget plan to invest USD8bn more in oil and gas businesses by 2030, while reiterating its pledge to equally divide its spending by 2030 between its oil and gas and energy transition businesses, as reported by Reuters...

09 Feb GLS Bank Quits Net-Zero Banking Alliance as Members Keep Funding Fossil Fuels

發表於 10:55 作者 Jordy Leo

Germany’s GLS Bank [UIGLSAB:GR] has quit the world’s largest climate-finance alliance, Net-Zero Banking Alliance (NZBA), in protest at the continued investments in fossil fuels by some group members from the US, as reported by Bloomberg on February 6. According to GLS, it noted that some...

08 Feb LG Corp to Spend USD2.7bn on Decarbonization by 2030

發表於 10:20 作者 Jordy Leo

South Korea's No. 4 conglomerate LG Corp [003550:KS] issued a plan to invest KRW3.4tr (USD2.7bn) by 2030 in decarbonization, a move to push forward its 2050 net-zero emission target, as reported by Korea Economic Daily on February 5. The fund will be used to develop...

08 Feb German Economy Minister Advocates Green Tech Cooperation with the US

發表於 10:06 作者 Jordy Leo

Germany's Economy Minister Robert Habeck has called for cooperation in green investments between Europe and the US ahead of meetings in Washington next week with U.S. Treasury Secretary Janet Yellen and other officials, as reported by Reuters on February 5. At the planned meeting, Habeck...

02 Feb UK to Scrutinize Greenwashing on Food, Drink, and Toiletry Labels

發表於 11:13 作者 Jordy Leo

UK’s Competition and Markets Authority (CMA) will investigate the green claims made by companies marketing food and drink, cleaning products, toiletries, and personal care items, as reported by ESG Today on January 31. The CMA will examine practices including the use of vague and broad...

02 Feb India Asks Utilities to Keep Coal-Fired Plants Running Until 2030

發表於 11:08 作者 Jordy Leo

India has asked utilities to not retire coal-fired power plants till 2030 due to a surge in electricity demand, as reported by Reuters on January 30. On January 20, the Central Electricity Authority (CEA) issued a notice to officials in the federal power ministry, advising...

02 Feb UK to Enhance Supervision of ESG Reporting in Company Audits

發表於 10:58 作者 Jordy Leo

UK’s accounting regulator, the Financial Reporting Council (FRC), will monitor whether auditors are making spot checks on their compliance with environmental, social, and governance (ESG) reporting requirements in company audits, as reported by Reuters on January 30. On the same day, the FRC updated its...

01 Feb Brazilian State-Run Oil Company Petrobras to Lead Brazil’s Energy Shift

發表於 13:42 作者 Jordy Leo

Brazilian state-owned petroleum firm Petrobras will drive the country’s transition to renewable energy, as its new CEO, Jean Paul Prates, stated in a video to employees, as reported by Reuters on January 27. One day earlier, Prates was appointed as CEO by Brazil’s new president...

01 Feb CATL Spends USD3.5bn on New Battery Recycling Base in Guangdong

發表於 13:35 作者 Jordy Leo

Chinese battery giant Contemporary Amperex Technology (CATL) [300750:CH] will invest up to RMB23.8bn (USD3.5bn) in an integrated new material industry production base to recover waste batteries and make lithium materials, as reported by Caixin on January 30. Guangdong Bangpu Recycling Technology Co Ltd, a subsidiary...

19 Jan South Korea to Publish Guidelines on ESG Bond Certification and Evaluation

發表於 12:02 作者 Jordy Leo

South Korea’s Financial Supervisory Service (FSS) will enact the environmental, social, and governance (ESG) bond certification evaluation guidelines for credit rating agencies to determine whether bond issuers spend the proceeds on ESG-related projects, as reported by the Korea Economic Daily on January 16. Effective from...

19 Jan Singapore’s EMA to Issue Bonds for Financing Green Transition

發表於 11:48 作者 Jordy Leo

Singapore’s Energy Market Authority (EMA) is planning to issue green, sustainable, and transition bonds, as reported by Strait Times on January 15. The issuance is part of EMA’s SGD3bn (USD2.27bn) Multicurrency Medium Term Note (MTN) Program to finance sustainable infrastructure development projects. This would be...

18 Jan UK to Ban Single-Use Plastic Cutlery and Plates from October

發表於 13:26 作者 Jordy Leo

The UK will ban a wide range of single-use plastic cutlery and plates starting in October to reduce plastic pollution and protect the marine environment, as reported by Bloomberg on January 14. The new rules will cover plastic plates, bowls, and trays used for food...