CAF Approves Record $5.2 Billion for Sustainable Development Across Latin America, Caribbean
Record Investment: CAF approved $5.2 billion across 16 projects in 10 countries to drive infrastructure, energy transition, and social development. Strategic Expansion: Guatemala and St. Lucia join as new shareholders, broadening CAF’s reach and influence in Central America and the Caribbean. Sustainable Focus: Projects span clean energy, climate action, mobility, and mental health, reinforcing CAF’s […]
EU to Integrate Carbon Credits Into 2040 Emissions Target
The EU plans to count high-quality international carbon credits for up to 3% of its 2040 emissions reduction target. The credits would begin in 2036, easing pressure on domestic industries and offering cost-effective compliance options. The proposal introduces broader flexibilities to address concerns from member states over the cost and competitiveness of climate measures. The […]
SP Energy Networks Launches £1.4bn Grid Investment to Accelerate UK’s Clean Power 2030 Goals
£1.4bn allocated to modernise Scotland’s onshore transmission infrastructure, part of a broader £5.4bn supply chain programme over 10 years. 17 of 19 awarded suppliers are UK-based, fostering green job creation, energy security, and long-term economic growth. Contracts signed under SP Energy Networks’ Delivery Charter, committing partners to sustainability, safety, and community benefit. SP Energy Networks, […]
ESMA Flags Gaps in Sustainability Disclosures, Calls for Tighter Oversight in Investment Sector
• Supervisory review finds shortcomings in SFDR compliance and risk integration• Report identifies issues at both entity and product levels• ESMA urges national regulators to increase scrutiny and follow up on vulnerabilities The European Securities and Markets Authority (ESMA) has published the results of its 2023–2024 Common Supervisory Action (CSA) on the integration of sustainability […]
Nokia Secures €1.5B Credit Facility Tied to Scope 1–3 Emissions Reduction Targets
€1.5B credit facility integrates sustainability pricing: Nokia’s new five-year revolving credit facility (RCF) links financing terms to Scope 1, 2, and 3 GHG emission reductions. Sustainability-linked margin adjustments: Loan pricing will rise or fall annually based on Nokia’s progress against its climate targets. Supports Nokia’s 2040 Net-Zero goal: Facility strengthens Nokia’s broader climate transition plan, […]
