Two years ago, HSBC permitted itself to continue lending to new coal projects in emerging markets. Now, it has tightened its energy policy, but experts worry the bank could continue to back coal through other means than project finance.
JBIC's governor has said the bank will no longer accept loan applications for new coal power projects. The statement comes as more Asian firms ditch coal, underscoring that the capital flight from the fossil fuel is accelerating.
Sumitomo Mitsui Financial Group's decarbonisation pledge came a day after Mizuho's. Activists say if loopholes built into the lenders' new policies are exploited, the banks could keep funding coal regardless.
Even as a pandemic threatens food supply chains, most firms, including China’s top pig and poultry producer, have shed no light on how they are managing risks and opportunities linked to farm animal welfare.
Trista Bridges –
As countries scramble to procure personal protective equipment, another quickly accelerating problem sits on the back end: the disturbingly massive amount of medical waste of all types that must be disposed of.
and Junice Yeo –
Four in five of the world’s workforce is on lockdown due to Covid-19, with no end in sight. The post-pandemic world order needs one familiar function to tie social sustainability together – human resources.
Nate Aden –
Japan is the first country where the government is explicitly providing support for companies to set science-based targets, placing companies in a central position to help the country reduce its greenhouse gas emissions.
As Japanese financial institutions begin inching away from coal funding and citizens protest one of the world’s dirtiest fossil fuels, will the prime minister of the world’s fifth biggest emitter heed the warning of the recent IPCC report? 350.org’s Shin Furuno explains why it’s more critical than ever to hold the country’s leader to account.
Medilyn Manibo –
Growing green and leafy vegetables in the future would require the help of innovation, says Toshiba, the latest electronics giant seeking to address threats of natural disasters in food security.
Measuring Sustainable Competitiveness: The Global Sustainable Competitiveness Index (GSCI) is based on quantitative indicators grouped in 5 pillars that define the competitiveness of a nation: natural capital, resource intensity, social capital, intellectual capital, and governance. All …
As Asia pursues industrial growth, the world's fastest growing region is struggling to balance development with sustainable resource use, and ensuring that prosperity is fairly shared. This report examines the …