Royal London has been given the Fair Tax Mark by the Fair Tax Foundation, following assessment against the foundation’s global multinational business standards. Anne Murphy, group tax director at Royal London, said: “Paying tax helps us contribute fairly to the communities in which our customers live and work. Achieving the Fair Tax Mark provides independent recognition of our transparent approach…
Citi Structures New Outcome Bond with Returns Tied to Generation of Carbon Credits
Citi announced that it has structured a new $72 million “Carbon Removal-Linked Note” to finance a biochar project by environmental solutions company Applied Carbon, with returns on the instrument tied to the generation of carbon credits by the new project. According to Citi, the new instrument creates a new model for private capital to fund large-scale carbon removal projects. Sonia…
HKEX Launches “Green Equity” Designation Program
Exchange group Hong Kong Exchanges and Clearing Limited (HKEX) announced the launch of HKEX Green Equity, a new voluntary designation program designed to help investors identify companies with a substantial commitment to environmentally sustainable business activities and investment, and enable companies to demonstrate their contribution to the green economy. Under the program, eligible companies will be assessed by independent reviewers,…
Ara Partners Raises $2.5 Billion for Inaugural Conventional Energy Optimization Fund
Energy and industrial transition-focused private equity investor Ara Partners announced that it has raised $2.5 billion at the final close of its inaugural energy investment fund, Ara Energy Fund I, focused on investing assets along the conventional energy value chain to optimize performance and reduce emissions where economically accretive. The fund was launched by Ara Partners in 2025, following the…
Hyundai, Peak Energy Launch Platform to Expand Renewable Energy in Automotive Supply Chain
Singapore-based renewable energy developer Peak Energy and Hyundai Motor Securities announced the launch of HMS-Peak Energy, a new joint venture aimed at expanding renewable energy solutions and supporting the decarbonization of the automotive supply chain in South Korea. According to the companies, the new joint venture will help domestic OEM suppliers reduce exposure to electricity price volatility, improve long-term visibility…
Canada Reconsiders Oil & Gas “Abatement” Category in Sustainable Finance Taxonomy
The Canadian Taxonomy and Transition Planning Council announced the release of final Methodology Report for Canada’s sustainable finance taxonomy, its upcoming categorization system aimed at helping investors to identify sustainable investments, and to drive capital into business and projects that reduce emissions in line with Canada’s net zero goals. Among the key decisions announced with the release of the methodology report…
Google, McKinsey Sign 320,000 Ton Carbon Removal Deals from Brazil Nature Restoration Project
San Francisco-based carbon removal company Working Trees announced that it has signed a series of long-term offtake agreements with Google and McKinsey, with 320,000 carbon credits to be generated through “silvopasture” projects supporting nature restoration through sustainable farming in Brazil. The agreements were made through the Symbiosis Coalition, an advance market commitment (AMC) collaboration launched in 2024 with a collective…
Amazon Backs New Advanced Nuclear Power Project at a Former Coal Plant
Ohio-based electric utility American Electric Power (AEP), nuclear technology company X-energy and Amazon announced a new agreement to explore the deployment of a 960 MW advanced nuclear energy project at a former coal plant site in Indiana. Amazon is serving as a project development funder and would be the first customer to purchase power from the plant once operational. Under…