India’s market regulator, the Securities and Exchange Board of India (SEBI), has unveiled new guidelines detailing when and how ESG (Environmental, Social, and Governance) ratings can be withdrawn by rating agencies. This development aligns the country’s ESG withdrawal standards with long-established credit rating practices and ...
Mizuho and Invest India Partner to Drive Green Growth and Sustainable Investments
Mizuho Bank has made history by becoming the first Japanese financial institution to sign a Memorandum of Cooperation (MoC) with Invest India, creating a unique partnership to accelerate investments in India’s decarbonization and clean energy sectors. This collaboration is designed to leverage the strengths ...
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...
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...