British Columbia Funds Studies Aimed at Net-Zero Airports, Sustainable Fuel Options
A new study will collect carbon emissions data from B.C.’s regional airports with the goal of getting all airports in the province to net-zero by 2030. The study is part…
UBS Asset Management Launches First UCITS ETF Tracking S&P 500 Climate Transition Index
UBS Asset Management (UBS AM) has launched the UBS ETF S&P 500 Climate Transition ESG UCITS ETF, marking a significant stride for sustainability-focused investors in Europe. This ETF is the…
SSAB plans to invest EUR 4.5 billion in a fossil-free steel mill in Luleå, Sweden
SSAB’s Board of Directors have decided to move forward with the next phase in SSABs transition, constructing a modern fossil-free mini-mill in Luleå, Sweden. Once finished, SSAB will shut down…
IKEA has invested $100 million in a partnership to help increase the use of electric vehicles in developing countries
In the streets of some of the world’s fastest-growing cities, a powerful shift is underway. As the sun rises, the familiar sounds of car horns and bustling crowds are joined…
MUFG increases its 2030 sustainable finance goal to $660 billion, three times more than before
Tokyo-based banking group Mitsubishi UFJ Financial Group (MUFG) unveiled a significant commitment to sustainability. The company announced a nearly threefold increase in its 2030 sustainable finance target, alongside the establishment…
Citi Reports 42% of Energy Clients Do Not Have Climate Transition Plans
The report titled “Citi’s Approach to Climate Change and Net Zero” was released on March 28, 2024, by Citi under the leadership of Chief Executive Officer Jane Fraser, the…
TenneT has raised €1.1 billion by issuing a green hybrid bond for renewable energy projects
TenneT Holding B.V. successfully fixed the price for a dual Tranche Green Hybrid Bond of EUR 550 million with an interest rate of 4.625% and a non-call period of 5.25 years, and EUR 550…
96 percent of the power used by the BBVA Group comes from sources such as sunlight, wind, or water
In 2023, 96 percent of power consumption at BBVA Group facilities came from renewable sources, well above the 70 percent target set for 2025. In Spain, Portugal, Colombia, Uruguay, Mexico,…
The presidents of France and Brazil meet and start a $1.1 billion program to protect Amazon rainforest
In a groundbreaking decision, the French and Brazilian presidents revealed a $1.1 billion effort focused on protecting the Amazon rainforest, indicating a reinvigorated collaboration between France and Brazil. This partnership…
ESMA Introduces Regulations for Reviewers of EU Green Bonds
The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, initiated a consultation on Draft Regulatory Technical Standards (RTS) related to the registration and supervision of external reviewers…