MAS backs AI to support 'transition finance'
The Monetary Authority of Singapore (MAS) has encouraged financial institutions to use artificial intelligence (AI) to support their efforts to financing the energy transition.
Carbon pricing 'ripple effect' gaining momentum, UBS says
Carbon pricing policies such as the EU's emissions trading scheme (ETS) and carbon border adjustment mechanism (CBAM) are "creating a ripple effect that increases the adoption of similar policies elsewhere," UBS analysts argue.
Investors failing to act on just transition, Fidelity International says
Investors are failing to act on calls to facilitate a 'just transition' to net zero, despite many believing it will have positive impacts on returns in the long run, according to a survey by Fidelity International.
$150trn investor group presses for 'clear' Australian transition plan framework
A group of investors managing more than $150 trillion in combined assets has recommended that the Australian government develop a "clear" transition plan framework for companies, based on UK and EU progress in this area.
Pentagreen commits $30m in first deal signing
Pentagreen Capital has penned its first deal, committing $30 million to Philippines-based renewable energy platform, Citicore Solar Energy Corporation.
First Sentier launches biodiversity toolkit for investors
First Sentier has launched a biodiversity toolkit to help investors assess water and deforestation risk within their portfolio and better engage with clients on these issues.
Climate AM acquires Australian 'regenerative agriculture' project
Climate Asset Management's natural capital fund has acquired a regenerative agriculture project in Australia for an undisclosed amount, to restore biodiversity and generate carbon removal credits.
Indonesia considering coal for 'green' taxonomy
A move from the Indonesian regulator to consider coal as 'green' within its taxonomy could risk foreign investor confidence in the market", both an international energy institute and Sustainable Fitch have warned.
ESG Book helps pilot ASEAN ESG database
The Sustainable Finance Institute Asia (SFIA) has named ESG Book as a data partner for a planned database of ESG data for the Association of Southeast Asian Nation (ASEAN) region.