Topic
- Generous cash prizes and a maximum of US$5 million investment fund now available for Top 30
German appliance maker Miele is boosting its sustainability credentials with a pilot project to use ‘green steel’ in large cookers and ovens, while also pledging to cut scope 3 carbon emissions by 15 per cent.
In contrast, the delinquencies in New York, London and Frankfurt were between 4.5 and 17.6 per cent of listed companies, according to ESG Book.
Covestro’s Shanghai plant is likely to be German firm’s first plant globally to use green hydrogen, putting it on track to reach its decarbonisation goal.
China’s decision to include alternative proteins in its five-year plan shows Beijing’s desire to nurture home-grown technology to ensure sustainable food supply, industry watchers say.
The US$4.56 billion combined value of nine transition finance deals pales in comparison to the US$485 billion of green bonds, US$180 billion of sustainability bonds and US$91 billion of sustainability-linked bonds issued last year.
Hong Kong’s SFC may include the ISSB’s standards in the city’s audit and listing rules in late 2022, or early 2023 once the prototypes are endorsed and adopted.
Money will be used to build renewable power projects, a green hydrogen network, factories making solar modules, hydrogen electrolysers, fuel cells and storage batteries.
The rapid growth in sustainable finance deals will continue in 2022, supported by the growing practice of taking ESG issues into consideration while making asset allocation decisions, bankers and asset managers said.
From repurposing used milk bottles to recycling water barrels, big multinational chemical firms are helping recycle plastic waste in China amid growing pressure from regulators and customers.
As a leading issuer of green bonds, the city is well placed to help plug an annual US$25 billion gap in funds needed to protect Asia’s cities from climate change risks, says Fitch.
The progress in aviation and shipping to decarbonise, or switch to non-oil power sources, has been slower than electric cars and trucks, even if the industry’s overall carbon footprint is smaller than road transport.
