MAS Sets Climate Transition Risk Rules for Banks, Insurers and Asset Managers
The Monetary Authority of Singapore has issued new supervisory guidelines requiring financial institutions to integrate climate transition planning into risk management frameworks. Banks, insurers and asset managers must assess both physical and transition climate risks and engage clients on decarbonisation pathways. The rules take effect in September 2027 after an 18-month transition period, reinforcing Singapore’s […]
EBRD Targets $162 Billion In Green Finance By 2030 Under New Transition Strategy
The European Bank for Reconstruction and Development will scale cumulative green financing to at least €150 billion ($162 billion) by 2030 under its new strategy. At least 50% of the Bank’s annual business volume will be directed toward green investments across energy, industry, agrifood, transport, urban and financial systems. The plan strengthens climate mitigation, resilience […]
Womble Bond Dickinson Joins UN Global Compact to Advance Business Practice Goals
International law firm Womble Bond Dickinson (WBD) has become a signatory to the United Nations Global Compact (UNGC), reinforcing its commitment to sustainable business practices and alignment with globally recognized environmental, social, and governance standards. The UNGC, launched in 2000, is the world’s largest corporate sustainability initiative, encouraging companies to align their strategies and operations […]
Google Commits $50 Million to Cut Methane, Other Superpollutants Through 2030
Google will invest at least $50 million by 2030 to eliminate superpollutants including methane, fluorinated gases and black carbon. The new Superpollutant Action Initiative launches with $100 million in total corporate commitments, including participation from Amazon and Salesforce. Targeting short-lived climate pollutants could prevent more than 0.5°C of global warming by 2050, offering one of […]
LEGO Group Commits $2.6M to Carbon Removal Projects with ClimeFi
LEGO Group commits DKK 18 million ($2.6 million) to four carbon removal projects in 2025, bringing total investment to DKK 54 million ($7.9 million). Procurement spans three durable carbon removal technologies and a large-scale reforestation initiative in Mexico. Corporate demand for high-quality carbon removal continues to grow as companies test pathways to complement operational emissions […]
