Brazil is set to launch a groundbreaking blended-finance auction aimed at mobilizing up to $2 billion for large-scale land restoration—marking a flagship initiative under its Eco Invest Brazil program. The effort is designed to rehabilitate degraded pastures, accelerate ecological transformation, and position Brazil as a global ...
LEED v5 Redefines Sustainability: 50% of Certification Points Focus on Decarbonization
The U.S. Green Building Council (USGBC) has unveiled LEED v5, a comprehensive update to its globally renowned green building certification system. Designed to elevate building performance while reducing carbon footprints, LEED v5 shifts the focus to decarbonization, climate resilience, and occupant health. With half of the certi...
POSCO Raises $700 Million in Oversubscribed Green Bond Issuance
POSCO Holdings, a leading South Korean steelmaker, has successfully raised $700 million through a two-tranche green bond issuance, underscoring the strong investor confidence in its sustainability efforts. The bonds were heavily oversubscribed, attracting more than $6.6 billion in orders, reflecting a growing interest in ESG-ali...
ISSB Proposes Reliefs for Financial Sector in Scope 3 Emissions Reporting
The International Sustainability Standards Board (ISSB) has unveiled proposed amendments to its climate disclosure standard (IFRS S2), offering financial institutions relief in reporting certain Scope 3 greenhouse gas (GHG) emissions. These changes aim to ease the reporting burden while maintaining the d...
Biomas Launches Landmark Reforestation Project to Restore Atlantic Rainforest
In:
Decarbonization
Biomas, a Brazilian reforestation company backed by major corporate investors including Vale, Marfrig, Suzano, Santander Brasil, Itaú, and Rabobank, has initiated its first large-scale environmental restoration project in Bahia state. The Mucununga Project, representing a $9.7 million investment, will plant over 2 million native...
Zelestra Secures $113M Green Financing for Indiana Solar Project, Strengthens Ties with Meta
Zelestra has closed a $113 million Senior Secured Credit Facility with Banco Santander to fund its 81 MWdc Jasper County Solar Project in Indiana. This deal is a key part of Zelestra’s expanding U.S. renewables portfolio, structured under the company’s updated Green Financing Framework. The project is supported by...