Tata Communications Secures $250 Million Sustainability-linked Loan
The five-year sustainability-linked loan (SLL) is the first of its kind for Tata Communications under their newly established SLL framework.
Offshore Wind Capacity of 410 GW to be Installed Over the Next 10 Years
GWEC’s report pinpoints a significant acceleration in offshore wind installations towards the end of the decade, with two-thirds of the projected capacity coming online between 2029 and 2033.
IFC Invests $105 Million in Brookfield’s Solar Project
The IFC’s investment will be made through long-term loans allocated to the project’s special purpose vehicles and entities responsible for its implementation.
Middle East ESG Weekly Round-Up
Major ESG Updates in Middle East this week.
Climate Cost of Russia – Ukraine War is $32 Billion, Says Report
A new report by climate experts estimates that the war’s first two years generate greenhouse gas emissions equivalent to 175 million tonnes of carbon dioxide.
Trade War Intensifies as EU Ups Tariffs on Chinese Electric Vehicles to 38%
The move, announced by the European Commission on Wednesday, will see tariffs on Chinese-made EVs increase from the current 10% to 38%, effective July 4th, unless a “solution” is reached with China regarding the subsidy issue.
Tata Motors to Invest ₹18,000 Crore in EV Division till 2030
With this investment, the company plans to achieve a 20% market share in the Indian passenger vehicle market by FY30.
Saudi Arabia Advances ESG Commitment Through Vision 2030 Initiatives
The Vision 2030 blueprint is focused on diversifying the Kingdom’s economy away from oil dependency, fostering sustainable development, and enhancing the quality of life for its citizens.
Middle East ESG Weekly Round-Up
Major ESG related news in Middle East last week
Indian EV Company Wardwizard bags $1.29 billion order from Philippines
The agreement, signed through a Memorandum of Understanding (MoU), will see WIML supply the Philippines with its existing electric two-wheeler and three-wheeler models.