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Saudi Arabia Makes Green Finance History with €1.5B Euro-Denominated Bond

Saudi Arabia Makes Green Finance History with €1.5B Euro-Denominated Bond

Saudi Arabia has made a pioneering move in sustainable finance by issuing the first-ever euro-denominated green bond by a sovereign in the MENA region. The €1.5 billion ($1.6 billion) bond, coordinated by J.P. Morgan, signals the Kingdom’s growing commitment to environmental sustainability and economic diversification under

ASIC Issues Guidance on New Mandatory Climate Reporting Rules for Australian Companies

ASIC Issues Guidance on New Mandatory Climate Reporting Rules for Australian Companies

The Australian Securities & Investments Commission (ASIC) has released Regulatory Guide 280 (RG 280), outlining its approach to overseeing compliance with Australia’s new mandatory climate-related financial disclosure requirements. The guide offers clarity for companies preparing sustainability reports under the Treasury Laws Amendment Act, passed in September 2024. The legislation

Nordea Retains 'Sustainable' Label on Funds Ahead of New EU Greenwashing Rules

Nordea Retains 'Sustainable' Label on Funds Ahead of New EU Greenwashing Rules

Nordea Asset Management (NAM) has announced that it will retain or add the term “sustainable” to the names of 17 of its Nordea 1 SICAV funds, positioning itself early for compliance with the European Securities and Markets Authority’s (ESMA) new guidelines on fund naming. The move comes ahead of

DWS Fined €25 Million in Germany Over Greenwashing Allegations

DWS Fined €25 Million in Germany Over Greenwashing Allegations

Deutsche Bank’s asset management arm, DWS, has been fined €25 million (approximately USD $27 million) by German authorities for misleading investors about its sustainable investing practices. The fine concludes a multi-year greenwashing investigation led by the Frankfurt public prosecutor's office. The probe, which began in 2021 following

Microsoft Backs India's Largest Nature-Based Carbon Removal Project

Microsoft Backs India's Largest Nature-Based Carbon Removal Project

Microsoft has signed its largest carbon removal agreement in the Asia-Pacific region, securing 1.5 million tonnes of carbon removal credits from the Panna afforestation project in Madhya Pradesh, India. The initiative, covering 20,000 hectares, is expected to sequester three million tonnes of CO₂ over three decades while supporting

GreenLine Commits $1B to Revolutionize Indian Freight with LNG and Electric Truck Fleet

GreenLine Commits $1B to Revolutionize Indian Freight with LNG and Electric Truck Fleet

GreenLine Mobility Solutions, backed by the Essar Group, is launching a $1 billion green logistics push to dramatically scale its fleet of low-emission trucks and build national infrastructure to support the transition. The Mumbai-based company, which currently operates 650 liquefied natural gas (LNG) trucks, plans to grow to 10,000

EU Launches Ambitious 2025–2030 Ecodesign Plan Targeting Key Industries

EU Launches Ambitious 2025–2030 Ecodesign Plan Targeting Key Industries

The European Commission has unveiled its 2025–2030 work plan under the Ecodesign for Sustainable Products Regulation (ESPR) and Energy Labelling Regulation, setting the stage for a sweeping transformation in how products are designed, made, and marketed across the EU. The initiative aims to accelerate the transition to a circular