Tokyo-based banking group Mitsubishi UFJ Financial Group (MUFG) announced the release of its new Sustainable Finance Framework, setting out eligible categories of environmental and social projects funded through the bank, financed through the issuance of Green, Social, and Sustainability bonds and loans. The new framework follows the release by MUFG earlier this year of its Medium-term Business Plan (MTBP) for…
M&G Invests $100 Million in responsAbility’s Asia Climate Strategy
M&G plc’s impact investing unit responsAbility Investments announced today that it has raised over $200 million for its climate investment strategy for Asia at the fund’s second closing, including a $100 million investment from M&G’s Life business. Launched in November 2023, the climate strategy aims to contribute to CO2 reduction in Asia through targeted investments in low-emission technologies, addressing an…
GIB Asset Management Appoints Victoria Barron as Chief Sustainability Officer
London-based asset manager GIB Asset Management (GIB AM) announced today the appointment of Victoria Barron as its new Chief Sustainability Officer. In her new role, Barron will have responsibility for driving the firm’s sustainability agenda, sustainability frameworks and governance, in addition to leading projects to enhance corporate sustainability while supporting the growing development and adoption of sustainability at the sector…
Woodside Acquires Texas-Based Low Carbon Ammonia Project for $2.35 Billion to Meet Industrial Demand for Clean Fuels
Australia-based global energy company Woodside Energy announced today an agreement to acquire a Texas-based low carbon ammonia plant for $2.35 billion from clean fuels-focused producer OCI Global, citing long-term industrial demand growth for cleaner energy solutions. Demand for ammonia globally is currently around 200 Mtpa, with approximately 80% used for fertilizer applications. According to Woodside, the acquisition comes as the…