LMA publishes model provisions for sustainability-linked loans
The Loan Market Association (LMA), an industry standards-setting body, has published model provisions for sustainability-linked loans.
Cargill faces legal challenge over Brazilian soya supply chain
The world’s largest grain trader, Cargill, is facing a first-ever legal challenge in the US over its failure to remove deforestation from its soya supply chain in Brazil.
EACOP pipeline faces blow as Standard Chartered pulls out
Standard Chartered has become the latest financial institution in a string of banks and insurers to refuse support for the East African crude oil pipeline (EACOP).
US Senate votes to restore tariffs on solar panels from SE Asia
The Senate voted to reinstate tariffs as high as 254% on solar panels from Southeast Asia, underscoring a deep clash over US reliance on imports to drive the nation’s renewable-energy development.
TotalEnergies sues Greenpeace over emissions report
Greenpeace had accused the French oil giant of emitting more than it disclosed but TotalEnergies says the report used dubious methodologies.
Florida Governor signs anti-ESG rules into law
The measures signed into law by Governor Ron DeSantis include rules prohibiting the consideration of ESG factors in state and local investment decisions or procurement.
New EU-Norway Green Alliance signed
The EU and Norway have signed a new alliance to cooperate on climate action, environmental protection efforts, and on the clean energy and industrial transition.
Boston Properties prices $750m offering of green bond
Boston Properties, Inc., the largest publicly traded developer, owner and manager of workplaces in the US, has committed to sell $750m worth of green bonds.
World Bank elects US nominee Ajay Banga president
Former Mastercard CEO Ajay Banga replaces David Malpass, who was criticised for his stance on climate change and who will step down nearly a year early.
BDO publishes inaugural sustainability report, net zero target
Accounting and advisory firm BDO announced its first sustainability report, reflecting progress made and initiatives undertaken in fiscal year 2022.
Duke Energy to invest USD 145bn in clean energy transition
Duke Energy released its annual climate report and is set to invest $145 billion over the next ten years to achieve its targets.
EU lawmakers adopt due diligence rules position
The legal affairs committee of the European Parliament voted in favour of holding companies accountable for environmental breaches, ahead of a final plenary vote.
World Bank set to launch more robust business climate rankings
The World Bank is set to announce a new methodology for assessing the business climate in up to 180 countries.
EU members approves ETS upgrades, CBAM, and more
EU countries have given the final sign-off for a series of new climate change-related laws as part of the Fit for 55 package’s rollout.
H2 Green Steel secures EUR 250m low carbon steel agreement
Decarbonized steel startup H2 Green Steel announced that has secured a supply agreement worth more than EUR 250 million for the delivery of low carbon footprint steel with Bilstein Group, a Germany-based producer.
NextGen CDR unveils 200,000 Mt removal credits purchase
NextGen CDR Facility revealed the advance purchase of almost 200,000 tonnes of carbon removal credits from three different projects.
Ibama recommends barring Petrobras from drilling in Amazon
Brazilian environmental agency Ibama has recommended the rejection of state-run oil firm Petrobras’ request to drill a well in the mouth of the Amazon River Basin
Xpansiv to launch I-REC Spot contracts
Market infrastructure provider Xpansiv will launch trading in renewable energy certificates from the International REC Standard (I-REC) on its CBL spot exchange.
India working on policy for mandatory green steel production
The Indian government is working on a policy to make it mandatory for steel companies to devote part of their capacity for production of green steel.
India to join international civil aviation scheme from 2027 on
India will start participating in the International Civil Aviation Organisation’s Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA) from 2027.