As Asia Pacific sees its first net-zero banking alliance exits, the Singapore lender looks to draw up decarbonisation pathways for two more sectors and has clarified what activities count as transition financing.
Indigenous peoples have been on a “path to unprecedented progress” after the first talks in Cali adopted a new program of work on traditional knowledge and their direct participation in negotiations, say sources.
After spinning off its thermal coal assets, Adaro Energy Group, the world’s sixth-largest coal mining company, will have access to financing from two banks that previously withdrew funding for its aluminum smelter project in February 2023.
Oleh
Ghee Peh and Mutya Yustika
The UN has declared 2025 the International Year of Glaciers' Preservation as climate change speeds up ice loss not only in the Arctic and Antarctica, but in Asia's Hindu Kush Himalayas, which is warming three times the global average rate.
Oleh
Masatsugu Asakawa
Public development banks must spearhead a systemic overhaul of global finance to ensure climate funding reaches the most vulnerable and accelerates the green transition.
Oleh
Serge Ekué dan
Javier Díaz Fajardo
There is consensus that coal needs to be retired early in Asia, but the mechanisms for financing the phase-out are not clear. This mini-documentary examines how transition credits work and whether they can fund Southeast Asia's equitable switch to clean power.
Studio EB
Investors are starting to feel the effects of climate change in an unexpected place – their financial returns. There are now growing calls within the business community to improve the quality and coverage of climate risk disclosure.
After 20 years without electricity, more than 50 households in Cebu's poorest district have been provided with solar energy, financed by carbon offsets.
Pension funds are some of the world's largest investors—holding trillions in assets—billions of which are pumped into fossil fuel companies like Shell, BP, and Total.
Trump 2.0 may prove to be a "bump in the road" for climate action, but banks and investors in Asia see growth and opportunity in the region for decarbonisation as climate risks grow.
The climate non-profit's head Sherry Madera insists there are just 450 questions, not over 5,500 as some industry players have cited, in its new questionnaire, which has faced pushback for failing to ease disclosure burden as intended.
ADX's chief strategy and transformation officer Matthias Büchler tells the Eco-Business podcast why sustainability is a key growth strategy and how the COP summit shaped ESG reporting for listed companies on the exchange.
The Bangko Sentral ng Pilipinas assistant governor tells the Eco-Business Podcast about the regulator’s maiden sustainability report that features an empirical study of climate impacts on banks as well as the nation’s first taxonomy.