Business

The Asian Infrastructure Investment Bank (AIIB) has committed $100 million to support climate transition initiatives across emerging Asia, marking its first investment in a dedicated climate transition fund. Of the total, $75 million will go to the Actis Asia Climate Transition Fund, with up to $25 million reserved for direct

Schroders, the global asset management firm, has teamed up with Cornell University’s Global Labor Institute (GLI) to unveil a new stewardship framework aimed at strengthening corporate resilience in sectors most vulnerable to climate change. The initiative targets industries such as apparel, food, and construction, where physical climate risks like

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

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

In response to rising global trade tensions and steep U.S. tariffs, the UK government has announced a strategic easing of its Zero Emission Vehicle (ZEV) Mandate, aiming to reduce pressure on domestic automakers and preserve industry competitiveness. The move follows former U.S. President Donald Trump’s imposition of

The U.S. Department of Agriculture (USDA) has announced the discontinuation of the Partnerships for Climate-Smart Commodities (PCSC) program, replacing it with the Advancing Markets for Producers (AMP) initiative. The shift is part of a strategy to reduce inefficiencies and ensure that federal funds are better allocated to benefit farmers