California Court Upholds Climate Disclosure Laws, Rejects Chamber of Commerce Challenge
In a decision with far-reaching implications for corporate climate accountability, a federal judge this week ruled that California’s groundbreaking climate disclosure laws—SB 253 (emissions reporting) and SB 261 (climate-related financial risk)—will remain in force. The ruling, which rejected a preemptive challenge by the U.S. Chamber of Commerce and allied business groups, clears the path for […]
Iberdrola Advances Supply Chain Sustainability Training with UN Compact
More than 920 SME suppliers join Iberdrola’s latest sustainability training, spanning four continents. The initiative builds on previous years, where 338 suppliers completed the program with 96% finding it useful. Iberdrola enforces a strict supplier Code of Conduct covering human rights, inclusion, safety, and anti-corruption. Iberdrola has renewed its collaboration with the UN Global Compact […]
AirTrunk Secures $1.65B Green Loan for Largest-ever Data Centre in Singapore
Largest-ever green loan for a data centre in Singapore Backed by a consortium of 26 local and international financial institutions Loan incentives directed to AirTrunk’s social impact fund for community programs Asia Pacific & Japan hyperscale data centre specialist AirTrunk has secured a record S$2.25 (US $1.65) billion green loan in Singapore to fund the […]
AIIB Publishes First Sustainability Report Applying ISSB Standards
AIIB voluntarily adopts ISSB disclosure standards, enhancing transparency on climate risks and financed emissions. Report concludes climate-related financial risks are not material to AIIB’s operations. Move aligns with multilateral development banks’ COP28 pledge to support a global baseline for sustainability disclosures. The Asian Infrastructure Investment Bank (AIIB) has released its inaugural Sustainability Report, marking a […]
ERM, Nippon Life Launch Nature Finance Approach to Advance Biodiversity Investment
Framework integrates Planetary Boundaries into investment decision-making New indicators track ecosystem health, endangered species, and biodiversity impact Aims to align capital flows with nature-positive economic transition ERM has partnered with Nippon Life Insurance Company to design the “Nippon Life Nature Finance Approach,” a framework that embeds biodiversity and ecosystem thresholds into financial decision-making. The initiative […]
