Hong Kong Mandates Full Sustainability Reporting for Public Entities by 2028
ISSB Alignment: Publicly accountable entities (PAEs) in Hong Kong must fully adopt ISSB-aligned sustainability disclosure standards by 2028. Mandatory Reporting: Large-cap issuers must comply with new climate disclosure requirements starting January 2026, with broader mandates to follow by 2028. Ecosystem Development: Hong Kong is investing in assurance, green fintech, and skills development to support its […]
Microsoft Unveils Zero-Water Datacenter Design to Slash Cooling Water Use
Zero-Water Cooling: Microsoft’s next-generation datacenters, launching in 2024, eliminate water evaporation for cooling, saving 125 million liters of water per datacenter annually. Sustainability Gains: Achieved an 80% improvement in Water Usage Effectiveness (WUE) since the early 2000s, with plans to further reduce WUE to near-zero in future facilities. Energy Mitigation: New chip-level cooling designs minimize […]
Stellantis, CATL to Commit €4.1 Billion to Carbon-Neutral EV Battery Plant in Spain
Massive Investment: Stellantis and CATL will invest up to €4.1 billion to build a 50 GWh lithium iron phosphate (LFP) battery plant in Zaragoza, Spain, targeting production by the end of 2026. Affordable EVs: The plant supports Stellantis’ strategy to offer durable and cost-effective battery-electric vehicles (BEVs), bolstering its Dare Forward 2030 plan. Decarbonization Leadership: […]
California Delays Full Enforcement of Climate Reporting Rules for FY 2025
Enforcement Relaxed: California Air Resources Board (CARB) will not penalize companies for incomplete emissions reports in 2026, provided good faith efforts are made. Guidance Gap Addressed: Businesses may use existing data for FY 2025 reporting until final guidelines are released in July 2025. Preparation Opportunity: Companies are encouraged to document current policies and plan for […]
Ecuador Issues $1 Billion Bond to Advance Amazon Conservation Efforts
Debt-for-Nature Swap Expansion: Ecuador follows its $1.6 billion Galápagos Islands debt swap with a $1 billion initiative focused on Amazon rainforest conservation. Long-term Conservation Funding: Savings from the transaction will be dedicated to protecting the Amazon, a critical global ecosystem. Innovative Financial Model: The 18-year bond, yielding 6.034%, highlights a growing trend in leveraging financial […]
