HDBank, a leading financial institution in Vietnam, has achieved a significant milestone by winning the 2023 Asian Banking & Finance Award in the “Sustainability Initiative of the Year – Việt Nam” category. The prestigious award, presented annually by a renowned finance magazine, is a recognition of performance, innovation, and excellence in the banking and finance […]

Mufin Green Finance, a BSE-listed NBFC company established in 2016, has raised an impressive INR 80,000,000 from the Shell Foundation. This funding is set to establish a $2 million First Loan Default Guarantee (FLDG) pool with a noble cause attached to it. Mufin plans to use this fund to finance a whopping 42,000 Electric Vehicles […]

China’s Ant Group, a leading fintech company, has recently announced a strategic partnership with Standard Chartered Bank, one of the largest and most respected international banks. This collaboration aims to enhance their roles in green finance and global fund management, marking a significant step forward in both companies’ commitment to sustainable business practices. This alliance […]

In the arena of sustainable finance, the first half of 2023 marked a significant milestone. The global green bond issuance reached a record high of $351bn. This achievement is indeed a testament to the growing attention and importance given to sustainable and responsible investment products. During this period, the market saw the issuance of a […]

PMI Electro Mobility, a leading name in the electric vehicle industry, has announced the signing of a significant agreement with REC Limited. The eventful signing took place at the “Green Finance” Summit, marking a milestone in PMI Electro Mobility’s journey towards sustainable electric mobility solutions. Under the agreement, PMI Electro Mobility will be able to […]

Masdar, the UAE’s premier clean energy entity, has successfully launched its debut green bond issuance, raising net proceeds of US$750 million. This substantial financial injection is earmarked exclusively for investment in clean energy projects, reflecting Masdar’s commitment to fostering sustainable, renewable energy solutions. This bond issuance has been met with a resounding vote of confidence […]

Despite a marked increase in package deliveries, Amazon reported a decrease in carbon emissions for the first time since the company started tracking its carbon footprint. Total carbon emissions from Amazon dropped by 16% in 2022, falling to approximately 60.64 million metric tons from 72.08 million metric tons in 2021. This substantial decrease in carbon […]

Germany’s banking regulator, the Federal Financial Supervisory Authority (BaFin), has recently unveiled a groundbreaking sustainable finance strategy. The plan’s primary purpose is to combat greenwashing, a significant impediment to the transition towards a net-zero world. Additionally, the strategy aims to bolster the financial sector’s shift towards a climate-neutral world. BaFin has identified greenwashing as a […]

Volvo Cars, a leading automotive company, has made significant strides in reducing its ocean freight CO2 emissions. In fact, the company has managed to decrease its emissions by an impressive 84%. This remarkable achievement is a result of Volvo Cars’ commitment to adopt more sustainable shipping options. To accomplish this reduction, Volvo Cars has actively […]

MAS, or the Monetary Authority of Singapore, is taking significant steps to encourage financial institutions to prioritize decarbonization efforts. In order to achieve this, MAS plans to establish clear supervisory expectations for credible decarbonization efforts by financial institutions. This will help ensure that these institutions are actively working towards reducing their carbon footprint and supporting […]