While the US$150 million loan, backed by DBS and Rabobank, targets reducing water and coal use, the “forest-risk” firm still lacks commitments to end deforestation and human rights abuses across its supply chains, say environmental groups.
The fast fashion giant’s recent efforts to boost its green credentials, including in making new sustainability hires, could be linked to its ambitions to go public, say experts.
Korea Electric Power Corporation has been accused of failing to disclose material climate-related risks, including its coal reliance until 2050 and exposure to volatile gas prices, in a US$11 billion bond listed on the Singapore Exchange. The bourse has acknowledged receipt of the complaint and will be reviewing it.
Disinformation on solar and wind energy, fueled by Trump, has stalled projects in the West. In Asia, the world's most fossil fuels-dependent region, renewables misinformation has helped to slow the energy transition.