ReNew Energy Global plc (“ReNew” or “the Company”) (NASDAQ: RNW), today announced that it was ranked in the top 10 renewable power companies among 78 companies in the world on ESG Risk Ratings. ReNew has been rated as a ‘low risk’ company after a rigorous and thorough assessment process of its ESG risk exposure, management […]
Vedanta takes up transformative programme to embed ESG into every aspect of decision making
New Delhi : Vedanta, a global natural resources company, on Thursday said it has taken up a transformative programme to embed environmental, social and governance (ESG) into every aspect of the decision-making and performance evaluation process. Vedanta, which has been on a sustainability journey for the past decade with its commitment to responsible mining, is […]
Deutsche Bank Expands ESG Debt Products With Green Repo – EQ Mag Pro
Deutsche Bank AG has just completed its first green repurchase agreement, marking another foray into a world of increasingly complex ESG instruments. It’s the latest example of product proliferation in a market that’s moving much faster than regulators. JPMorgan Chase & Co. has already said it plans to attach environmental, social and governance labels to […]
China ESG Funds Sidestep Stock Market Sell-Off on Fresh Inflows
ESG funds in China are outperforming the broader market amid an equity rout, as fresh inflows into sustainable assets across Asia boost returns, according to Bloomberg Intelligence. Exchange-traded funds that invest in renewable energy, electric vehicles and other green assets have posted gains as high as 35% this year, even as China’s benchmark index declines […]
ESG Push | Banks Increase Funding For Green Energy, Records Low Demand For Thermal Power Projects
While banks like SBI have raised their exposure to renewable projects, they are clear that they cannot entirely stop funding coal-based or water-guzzling industries in an emerging economy. Major Indian banks are increasing their focus on financing green projects at a time when there is a global push in favour of companies that adhere to […]
Power Arm of Thailand’s PTT to Invest $635M in Asian Renewables
Global Power Synergy, the power arm of Thailand’s state-owned oil and gas group PTT, will invest THB20 billion ($635 million) in renewable energy across Asia including China and India. The company will borrow the fund from PTT for investment focusing on solar and wind projects. The company is reported to be aiming to have 30% […]
Germany: EIB Supports ALTANA’s Green Research Projects
Specialty chemicals company receives credit line of €200 million to develop climate-friendly, digital and sustainable products. ALTANA meets the EIB’s stringent lending criteria. Credit line opens up additional research areas, for example in resource-efficient digital printing. Specialty chemicals company ALTANA has received a credit line from the European Investment Bank (EIB). The company, headquartered in […]
IT, Financial Services Players Most ESG Compliant: Crisil Report
Companies in oil and gas, chemicals, metals and mining, and cement companies have lower ESG scores, reflecting high natural-resource intensity, and thereby higher emission levels. MUMBAI : Information technology and financial services players are the most environmental, Social, and governance (ESG) compliant companies in the country, and second-largest software exporter Infosys scoring the highest on […]
HDFC Bank to Give Loans for EVs, Solar Rooftops as Part of Strategy For Carbon Neutrality
The bank plans to turn carbon-neutral over the next 10 years. In terms of operations, the bank plans to decrease absolute emissions and energy consumed in from the current level of 315,583 million tonne CO2 emissions, increase rooftop solar capacity in large offices and convert 50 percent of its total sourced electricity to renewable energy. […]
Arçelik Issues Turkey’s First-Ever Corporate Green Bond in the International Markets
Green Bond Set to Transform Arçelik’s Eligible Green Projects and Boost Its ESG Credentials ISTANBUL : Arçelik A.Ş. (IST: ARCLK) (“Arçelik”), the global leading consumer durables and electronics manufacturer, announced the issuance of its Green Bond, the first of its kind in the international markets from a Turkish industrial Company. Arçelik mandated J.P. Morgan Securities […]
