The Hong Kong Mortgage Corporation Limited (HKMC) has successfully raised approximately HK$23.8 billion (US$3 billion) equivalent through its third social bond issuance, setting a new record for Asia Pacific’s largest social bond offering. This milestone surpasses HKMC’s previous record, achieved in September 2023. The bond i...
Philippines Expands Green Force Mandate to Accelerate Sustainable Finance Reforms
The Department of Finance (DOF) is intensifying its push for sustainable finance by expanding the role and membership of the Inter-Agency Technical Working Group on Sustainable Finance (ITSF), commonly known as the Green Force. The move comes as the country gears up for more targeted and transformative implementation of its Sust...
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 bega...
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 transiti...
Abu Dhabi Launches MARSDNA to Revolutionize ESG in the Maritime Sector
Abu Dhabi has introduced MARSDNA, a pioneering digital tool aimed at advancing Environmental, Social, and Governance (ESG) performance in the maritime industry. Developed by Maqta Technologies Group, this free and accessible platform enables maritime stakeholders, ranging from small enterprises to large corporations, to effectiv...
Japan’s New Climate Plan Targets 60% Emission Cuts by 2035
Japanese government has approved a comprehensive strategy aimed at drastically reducing greenhouse gas emissions and reshaping its energy landscape through 2040. The plan sets ambitious goals, with a target of cutting emissions by 60% by 2035 and 73% by 2040 from 2013 levels, positioning the country as a major player in the glob...