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Singapore Central Bank Guides Investors, Banks to Avoid Divestment Approach to Net Zero

ESG Today

The Monetary Authority of Singapore (MAS), the central bank and financial regulator of Singapore, announced today the issuance of a set of consultation papers with proposed guidelines on net zero transition planning for financial institutions, including banks, insurers and asset managers.

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Burberry Steps Out With New £300m Sustainability Loan

3BL Media

Burberry has strengthened its resolve to be climate positive by 2040 by refinancing a credit facility to a £300m Sustainability Linked Loan. The firm committed to the climate positive target last June, which will place the company ten years ahead of the 1.5C SOURCE: Acre. DESCRIPTION: by Liam Goldsworthy.

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Visa Launches Sustainability Features Suite for AsiaPac Cardholders

ESG Today

Global payments technology company Visa announced today the launch of Visa Eco Benefits in Asia Pacific, providing banks in the region with a suite of sustainability-focused features for their Visa cardholders, aimed at helping them to better understand and address the environmental impact of their day-to-day spending.

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Catalytic Action Needed to Deliver New Global Financial Pact

Chris Hall

It has to drive real actions to unlock private capital for climate-positive growth. The climate-positive growth narrative is also becoming a powerful driver to shift agency in climate finance design and decision-making. Progress was also made on debt sustainability with US$6.3

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Singapore Calls for “Careful” FI Assessment of Transition Plans

Chris Hall

While reviewing the implementation of transition plans by FIs, MAS will recognise that a short-term increase in their financed emissions may arise due to actions supporting longer-term climate-positive outcomes. First, to realise that investing in solutions now will bring both immediate and future benefits.

Banking 52
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Take Five: Onwards and Upwards

Chris Hall

On this front, developments look promising with decisions taken at last week’s World Bank Group – IMF Annual Meetings in Marrakech described as the “ end of the beginning ”.

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Investing to reduce construction and demolition waste and boost Australia's circular economy

Sustainability Matters

Backed by a $75 million debt finance commitment from Australia’s ‘green bank’, the Clean Energy Finance Corporation ( CEFC ), the facility is designed to provide a substantial boost to Australia’s recycling sector while also expanding onshore recycling capabilities.

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