It’s an exciting time for the UK energy industry. Investment in major infrastructure projects is spiralling as companies across the sector diversify in support of the country’s net zero ambitions.
The latest report from trade body the Association for Financial Markets in Europe (AFME) shows a quarterly increase of ESG bond and loan issuance, but year-on-year volume is on the decline due mainly to the impacts of the Ukraine crisis.
Google parent Alphabet Inc has reported on use of proceeds from an issued $5.75 billion in sustainability linked bonds. It is now the largest corporate issuer of green or sustainability bonds.
Sustainability within the supply chain, and within the tech sector is increasing in visibility. Recognition of the importance of technology in achieving sustainability goals is going hand in hand with sustainability action by the tech companies.
Global built environment engineering consulting firm Arup has been certified by the Climate Bonds Standard Board to be an Approved Verifier of green bonds, adding to its portfolio of advisory services.
Following the end of the European Financial Reporting Advisory Group (EFRAG)'s consultation on European Sustainability Reporting Standards, ACCA has called for integration with ISSB on the grounds of complexity.
Abu Dhabi-based start-up investors Hatch & Boost Ventures has added World Of Farming (WoF) to its portfolio, the company’s first agritech start-up that uses vertical farming and hydroponics to grow livestock feed more sustainably.
Lightsource bp, a 50:50 joint venture between Lightsource and oil and gas major BP, is set to become the largest solar developer and owner in Australia, as it aims to reach financial close on its Wellington North and Wunghnu Solar Farms later this year.
China continues to dominate the global electric vehicle (EV) market, which was up over 60% in the first half of 2022.
In the inaugural publication of its ESG ratings, Sustainable Fitch (SF) highlights an important gap between the frameworks to which issuers align their bonds and that of the underlying entity itself.
