Singapore-based financial services group DBS today announced the launch of the DBS Eco Renovate Loan, a new sustainable finance tool targeted at small and medium enterprises (SMEs), aimed at enabling smaller companies to access a wider pool of capital to fund green projects. The new solution enables SMEs to borrow up to 100% of the cost of using resource efficient…
Switzerland’s Federal Department of Finance (FDF) announced today that it will proceed with plans to propose regulations to address greenwashing in the financial sector, including investment and disclosure rules for financial products using labels such as ‘sustainable,’ green,’ or ‘ESG.’ The announcement follows the release in December 2022 of a paper by the Swiss Federal Council outlining its position on…
New York Governor Kathy Hochul announced Tuesday a series of awards for 6.4 GW of renewable energy projects, including 3 major offshore wind and 22 land-based projects, marking the largest-ever U.S. state investment in renewable energy to date. When completed, the projects are anticipated to generate enough electricity to power more than 2.5 million homes, deliver 12% of New York’s…
Public companies in Brazil will be required to provide annual sustainability and climate-related disclosures, starting in 2026, according to a new announcement from Brazil’s Securities and Exchange Commission (CVM) and Ministry of Finance. According to the CVM, the new reporting requirements will be based on the recently published sustainability and climate-related disclosure standards issued by the IFRS Foundation’s International Sustainability…
Industrial gases and services supplier Air Liquide and Sweden-based electricity and heat provider Vattenfall signed a new Power Purchase Agreement (PPA) for 115 MW of renewable installed power capacity in Benelux. The new PPA marks Air Liquide’s second major renewable energy agreement in Benelux, bringing the renewable power capacity available to the company in the region to 270 MW, representing over 70%…
Compliance and administrative services provider TMF Group today announced the launch of its new environmental, social and governance (ESG) administration services, aimed at helping companies and fund managers meet their ESG reporting requirements. According to TMF Group, the new service comes as companies face a series of ESG reporting challenges, including complying with new regulations, understanding a variety of reporting…
The Council of the European Union announced today the adoption of a regulation creating a new European Green Bond Standard, marking the last major step for the establishment of a new European Green Bonds (EuGB) label, aimed at fighting greenwashing and helping advance the sustainable finance market in the EU. In addition to setting out the requirements for issuers wishing…
Fashion and design brands company H&M Group announced the issuance ofits inaugural green bond, raising €500 million (USD$530 million) to support the company’s environmental initiatives, including its climate and circularity roadmap. The offering of the 8-year bonds under H&M’s Euro Medium Term Note (EMTN) program saw strong demand, with the issuancemore than 3.5 times oversubscribed with a total order book…