As the polycrisis of nature, climate and social justice unfolds, the notion of ‘business as usual’ is being disrupted. Whilst Scope 1 and 2 GHG emissions are largely under the control of an organisation, Scope 3 are considered the ‘hidden’ emissions, intricately woven into a company’s supply chain.
The government explained that the carbon border adjustment mechanism (CBAM) will target carbon-intensive products in sectors like iron, steel, aluminium, fertiliser, hydrogen, ceramics, glass, and cement.
At the COP28 climate summit in Dubai, representatives from nearly 200 countries reached an agreement to start reducing the global consumption of fossil fuels.
The UK has provided loan guarantees allowing Standard Chartered Bank to organise financing, enabling British exporter Innovo Group to secure a €415 million contract for essential infrastructure projects in Benguela Province, Angola, situated on the west coast adjacent to the Atlantic Ocean.
The United Arab Emirates is set to unveil a new climate-focused investment fund worth $30 billion at the upcoming COP28, with support from major investors including BlackRock, three sources with knowledge of the matter told Reuters.
At ICC United Kingdom’s annual conference, International Trade and Prosperity Week, TFG’s Deepesh Patel was joined by Chris Southworth, Secretary General at ICC United Kingdom, to discuss the importance for the business of limiting global temperature increase to 1.5° C and what the ICC is doing to support the sustainable transition.
To talk about Absa’s sustainability plans, Trade Finance Global’s Brian Canup spoke with Msizi Khoza, Managing Executive ESG, Absa and Ovizikhungo Sicwetsha, Pan African Head, Short Term Finance, Absa.
Germany and Chile are set to establish a coalition of governments at the COP28 climate summit next week, aiming to support developing nations in investing in the decarbonisation of industries… read more →
Trade finance providers have a critical role to play in the low-carbon transition. Through their lending decisions, they hold massive influence in some of the most carbon-intensive companies and supply chains, and they can use this leverage to push for much-needed progress on climate.
Today, the OPEC Fund for International Development (the OPEC Fund) announced a $21 million loan to support a sustainable water supply project in Rwanda. The new loan will help expand… read more →
