Category: Green Finance
Estimated reading time: 2 minutes The European Banking Authority (EBA) published today its roadmap outlining the objectives and timeline for delivering mandates and tasks in the area of sustainable finance and environmental, social and governance (ESG) risks. The roadmap explains the EBA’s approach over the next three years to integrate ESG risk considerations in the […]
Trafigura Group Pte Ltd. (“Trafigura”), announced the closing of its new 365-day European multi-currency syndicated revolving credit facilities (the “365-day ERCF”) totalling $1.9 billion, as well as the extension and increase of its $3.5 billion 3-year facility (“3-year ERCF”). The new 365-day ERCF, initially launched at $1.5 billion, was well received by the bank market […]
A new insight brief series from the Global Maritime Forum identifies four actions that maritime and shipping industries can take now to support shipping’s transition to a sustainable and resilient zero-emission future. Eman Abdalla, global operations & supply chain director at Cargill Ocean Transportation, a dry and bulk cargo transporting company said, “We need to […]
The sustainability commitment paradox, a new research report by Standard Chartered, reveals that despite 54% of global companies surveyed being willing to prioritise positive environmental and social impacts over financial returns, less than 30% of respondents have made concrete sustainability commitments or set targets. Faced with a lack of funding for sustainability initiatives, inconsistent data […]
Estimated reading time: 4 minutes According to the EY European Attractiveness Survey 2023, In 2022, foreign direct investment (FDI) in Europe experienced sluggish growth, increasing only by 1% compared to 2021, and remaining 7% lower than pre-pandemic levels in 2019. The survey reveals that France, the UK, and Germany have continued to be the top […]
The 2023 Commonwealth Trade Ministers Meeting drew to a close today, with a resolute focus on collaborative efforts to nurture resilient, inclusive, green, and digital economies. Building upon the initiatives endorsed by Commonwealth Heads of Government in Kigali, Rwanda, in June 2022, the Trade Ministers engaged in deep deliberations concerning the challenges confronting the global […]
On Friday, the World Bank revealed its approval of $1.5 billion in financing aimed at expediting the development of India’s low-carbon energy sector. This financial support serves to bolster India’s efforts in advancing renewable energy, facilitating the growth of green hydrogen, and stimulating climate finance for low-carbon energy investments, according to a statement released by […]
Estimated reading time: 3 minutes Women entrepreneurs in Mongolia are set to play a bigger role in the country’s economic growth and efforts to diversify trade, with the opening of the International Trade Centre’s (ITC) SheTrades Hub in the country. This transition comes to fruition with the inauguration of the International Trade Centre’s (ITC) SheTrades […]
Estimated reading time: 2 minutes India’s federal government has greenlit a 580 billion rupee ($7 billion) initiative to introduce 10,000 electric buses in 169 cities over the next ten years. The scheme also encompasses the development of charging infrastructures and related facilities. Of the project’s total budget, the federal government will allocate 200 billion rupees, […]
Estimated reading time: 2 minutes The offering will focus on sustainable end-use within the renewable energy sector 18 September 2023, Singapore – Standard Chartered today launched a sustainable trade loanoffering for financial institutions. The new offering supports the Bank’s financial institution clients globally by providing liquidity to support the underlying trade flows associated with sustainable development, in […]
