Global Climate News

World Bank pioneered green bonds in 2008, followed by Poland and France in 2017. Sovereign sustainable bonds have grown significantly, with Chile and Uruguay leading sustainability-linked bonds adoption.

Nordea's Lead ESG Expert discusses biodiversity challenges, corporate sustainability reporting requirements, and upcoming national biodiversity strategies. Companies must now address nature-related impacts across their value chains.

Nordea has engaged with oil and gas companies through field trips to Texas and Calgary, promoting OGMP 2.0 membership for methane emissions reduction. 14 companies have joined the initiative targeting 45% reduction by 2025.

IBM released State of Sustainability Readiness Report 2024 and launched multiple AI-powered tools for sustainability, including Envizi ESG planning, Maximo asset management, and partnerships with WWF and UNDP.

Net-Zero Banking Alliance released 2024 Progress Report showing strong progress in banks' climate commitments. Nordea, the only Nordic bank in NZBA Steering Group, highlighted for its transition assessment tool.

KPMG's 2024 Survey reveals Singapore leads in sustainability reporting with 76% of top companies recognizing climate risks, increased board accountability, and 84% ESG integration in annual reports.

HSBC has appointed Julian Wentzel as Interim Group Chief Sustainability Officer, replacing Celine Herweijer who led the bank's Net Zero by 2050 strategy and first Net Zero Transition Plan.

Middle East ESG Reporting & Data Summit 2024 has launched in Dubai, featuring speakers from Atlantis Dubai, Dubai Supreme Council of Energy, and other organizations to discuss ESG practices and sustainability.

ZTT has won two EPCI contracts for the 850 MW Guoxin Dafeng Offshore Wind Power Project in China, supplying 428km of cables and end-to-end services.