Sustainability
Malaysia, Indonesia, Thailand and Singapore stock exchanges team up to develop ASEAN Interconnected Sustainability Ecosystem
Stock exchanges in Malaysia, Indonesia, Thailand and Singapore said Thursday they have teamed up to develop an ASEAN Interconnected ASEAN Interconnected Sustainability Ecosystem (ASEAN-ISE), to advance Asean’s sustainable development through the implementation of common environmental, social and governance (ESG) metrics in their respective data…
IFC opens public access to AI-powered accelerator for sustainable investments
The International Finance Corporation (IFC) has on Tuesday announced the release of MALENA, a tool powered by artificial intelligence (AI) to transform environmental, social, and governance (ESG) analysis for emerging markets.
Solarvest partners CENTEXS, Huawei to unveil new wind turbine testbed and green energy gallery
Solarvest Borneo Sdn Bhd, a subsidiary of Malaysia-based clean energy expert Solarvest Holdings Berhad, has unveiled a new green energy testbed with the Centre for Technology Excellence Sarawak (CENTEXS) and Huawei Technologies (Malaysia) Sdn Bhd at CENTEXS’ Headquarters in Santubong, Kuching, Sarawak.
ADB commits record climate finance of almost $10B in 2023
The Asian Development Bank (ADB) said Wednesday that it has committed a record amount of climate finance in 2023 to help its developing member countries (DMCs) in Asia and the Pacific cut greenhouse gas emissions and adapt to the impacts of a warming planet.
Malaysian RE developer Ditrolic Energy secures investment backing from BlackRock’s Climate Finance Partnership
Malaysian renewable energy (RE) developer Ditrolic Energy Holdings Sdn. Bhd. has secured investment backing from global asset management company BlackRock’s Climate Finance Partnership1 (CFP), its flagship public-private finance vehicle. The duo have entered into an agreement in which CFP will back Ditrolic Energy’s expansion to build commercial and…
Danfoss unveils Asia Pacific’s Sustainability Technology Center in Singapore to accelerate decarbonization efforts regionally
Danish multinational engineering group, Danfoss, has unveiled Asia Pacific’s first Sustainability Technology Center (STC) in Singapore on Monday at the Nordic European Center, International Business Park. The STC is set to become a prime gateway for introducing global decarbonization solutions to bolster the region’s sustainability efforts through…
Malaysia’s TNB partners China’s state-owned utilities to shake up ASEAN power grid with HVDC technology
Malaysian utility firm Tenaga Nasional Berhad (TNB) is spearheading a transformative partnership with China’s state-owned power utilities, aiming to revolutionize the ASEAN power grid (APG) through cutting-edge highvoltage direct current (HVDC) technology.
Clime Capital hits first close of second Southeast Asian clean energy fund at $127M
Clime Capital, the Singapore-based fund manager focused on accelerating the low carbon transition, has on Monday announced the first close of the South East Asia Clean Energy Fund II (SEACEF II), with $127 million committed. SEACEF ll is the first blended investment fund established in Southeast Asia to provide early-stage high-risk capital to support…
Societe Generale and IFC seal new agreement to accelerate on sustainable finance
European bank Societe Generale and IFC, a member of the World Bank Group, have signed a collaboration framework agreement to accelerate on sustainable finance in developing countries, as part of both institutions' shared ambition to contribute to the UN Sustainable Development Goals (SDGs) and strong commitment to the environmental transition and…
Australia’s Element Zero raises $10M in seed funding led by Playground Global
Element Zero, an Australia-based green materials platform company, announced Wednesday that it has raised $10 million in seed funding led by Playground Global. The firm will use the funding to grow research and development (R&D), engineering, and project development teams and scale the development of a pilot iron plant.
