Weekly Sustainable Finance Newsletter 45/2024
Explore the latest product launches, regulatory developments and innovations in the area of Sustainable Finance and much more!
It is our pleasure to share the Sustainable Finance Daily Newsletter 45/2024?covering?November, 04 until November, 10 with you.
NatureFinance Launches NatureAlign to Guide Nature-Positive Financial Investments
NatureFinance has launched NatureAlign, a tool for financial institutions to evaluate environmental impact in line with the Global Biodiversity Framework. The first module allows asset managers and banks to assess sustainability baselines, using biophysical, spatial, and financial data to analyze portfolio impacts and identify areas for improvement. Compatible with the CSRD and TNFD frameworks, it aids in managing nature-related risks and dependencies. Read more here.
Mizuho Invests in Pollination to Boost Global Sustainability Goals
Mizuho Bank has invested $20 million for a minority stake in Pollination, a climate and nature solutions provider, to form a strategic partnership aimed at advancing decarbonization initiatives for Mizuho’s clients and expanding Pollination’s global reach. Founded in 2019, Pollination assists organizations with net-zero and nature-positive strategies across finance, governance, and policy. Read more here.
Mizuho Invests in Pollination to Boost Global Sustainability Goals
Allianz Trade has launched Surety Green2Green, a new solution designed to help clients invest in low-carbon technologies and renewable energy projects. The solution issues surety bonds and guarantees to secure project completion, ensuring businesses meet their contractual obligations. Projects eligible for coverage include renewable energy, carbon removal, and green buildings, aligned with Allianz’s low-carbon standards. Read more here.
Optera Enhances Supply Chain Emissions Reporting with New Features
Optera has launched an updated version of its Supply Chain Manager to help companies meet growing regulatory requirements for Scope 3 emissions reporting. The platform now includes features such as facility-level emissions data from suppliers, increased calculation transparency, and automated reporting capabilities for major frameworks. Read more here.
Meta Partners with Engie for 260 MW Solar Deal to Advance Net-Zero Goals
Meta has entered into a deal with Engie North America to secure 260 MW of renewable energy from the Sypert Branch solar project in Milam County, Texas. Expected to be operational by late 2025, the project will supply 100% of its energy output to Meta’s data center in Temple, Texas, supporting its goal of achieving net-zero emissions by 2030. Read more here.
H&M Signs Solar PPA to Boost Renewable Energy Infrastructure in Texas
H&M Group has signed a virtual power purchase agreement (VPPA) with Lightsource bp to support its climate goals and enable the construction of new renewable energy infrastructure in Texas. Under the agreement, Lightsource bp will provide energy from its 125 MW Second Division solar project in Brazoria County, set to be operational by the end of 2024. The project is expected to reduce carbon emissions by 155,000 metric tons annually and promote biodiversity through sustainable land practices, including sheep grazing. Read more here.
DBS Appoints Shilpa Gulrajani as Head of Sustainable Finance for Institutional Banking
DBS Bank has appointed Shilpa Gulrajani as Head of Sustainability for its Institutional Banking Group. In her new role, Gulrajani will lead the bank’s sustainable finance business, focusing on driving ESG solutions to help corporates and institutions transition to a net-zero future. With over 20 years of experience at BNP Paribas, most recently as Head of Corporate Development & Sustainability for APAC, Gulrajani brings extensive expertise in ESG advisory and financing. Read more here.
EU Insurance Regulator Calls for Higher Capital Requirements for Fossil Fuel Assets Due to Transition Risks
DBS Bank has appointed Shilpa Gulrajani as Head of Sustainability for its Institutional Banking Group. In her new role, Gulrajani will lead the bank’s sustainable finance business, focusing on driving ESG solutions to help corporates and institutions transition to a net-zero future. With over 20 years of experience at BNP Paribas, most recently as Head of Corporate Development & Sustainability for APAC, Gulrajani brings extensive expertise in ESG advisory and financing. Read more here.