Key Impact Points: Breakthrough Energy Ventures, the climate-focused venture capital firm backed by Bill Gates, has secured $839 million in commitments for its third flagship fund, BEV III. According to a regulatory filing, this makes it the largest climate fund raised so far in 2024, underscoring the growing investor confidence
Key Impact Points: The Asian Development Bank (ADB) has invested $40 million in Georgia Global Utilities JSC (GGU) through a certified green bond issuance, marking the largest green bond from a Georgian private corporate entity. This investment aims to enhance the water supply system in Tbilisi and neighboring municipalities, building
Key Impact Points Program Overview Enel has announced the launch of a share buyback program, approved by the Board of Directors and authorized by the Shareholders’ Meeting on May 23rd, 2024. The program aims to repurchase 2.9 million shares, representing approximately 0.029% of Enel’s share capital. The buyback will run
Source: ESMA The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, has today published an Opinion on the Sustainable Finance Regulatory Framework, setting out possible long-term improvements. ESMA acknowledges that the EU Sustainable Finance Framework is already well developed and includes safeguards against greenwashing. At the same
The whitepaper titled “How CFOs Can Help Meet Corporate ESG Goals” by SAP Concur in partnership with Deloitte provides comprehensive insights into the critical role that Chief Financial Officers (CFOs) play in advancing their organizations’ Environmental, Social, and Governance (ESG) initiatives. The whitepaper emphasizes the importance of understanding the regulatory
Key Impact Points: Jamaica is making strides towards sustainable financing with the release of a comprehensive guide for issuing Green, Social, Sustainability, and Sustainability-Linked Bonds (GSS+). Developed through a collaboration between the Jamaica Stock Exchange (JSE) and the Inter-American Investment Corporation (IDB Invest), with technical support from HPL.LLC, this guide
By Dr. Hyginus “Gene” Leon Key Impact Points: Eighty years ago today, the Bretton Woods Conference set the foundation for the international financial architecture that has shaped our world. The creation of institutions like the International Bank for Reconstruction and Development (World Bank) and the International Monetary Fund (IMF) marked
Key Impact Points: A new report by Andrea Castoldi, Giovanni Lucini, Bruno Micale, Amine Benayad, and Matteo Coppola from the Boston Consulting Group (BCG) highlights the urgent need for banks to address physical climate risks. The white paper, titled “How Banks Can Transform Physical Climate Risk into an Opportunity,” provides
Key Impact Points: The red carpet is being rolled up for ESG (Environmental, Social, Governance) on Wall Street. Institutional Investor (II) has replaced the term “ESG” with “sustainability” in its annual analyst rankings, reflecting a broader trend amid the increasingly politicized debate over climate change and corporate diversity in the
Key Impact Points: Investment Overview The Asian Infrastructure Investment Bank (AIIB) has committed $75 million to support the issuance of green and blue bonds by Southeast Asia Commercial Joint Stock Bank (SeABank), setting a precedent with Vietnam’s first blue bond and AIIB’s inaugural investment in such an instrument. This strategic
