Tag Archives: Climate Action

Telefónica Earns 11th Consecutive Recognition in CDP’s ‘A List’ for Ongoing Climate Leadership

(IN BRIEF) Telefónica has been recognized for the eleventh consecutive year in CDP’s ‘A List’ for its leadership in climate action. The company has successfully reduced its operational emissions by 81% and its value chain emissions by 51%, achieving significant … Read the full press release

Stora Enso Recognized on CDP’s 2024 Climate Change ‘A List’ for Leadership in Sustainability and Emissions Reduction

(IN BRIEF) Stora Enso has been awarded a spot on CDP’s 2024 Climate Change ‘A List’ in recognition of its exceptional leadership in climate action and transparency. The company was acknowledged for its comprehensive disclosure practices, management of environmental risks, … Read the full press release

EIB Extends €42.8 Million Loan to Ústí nad Labem for Sustainable Infrastructure and Green Development

(IN BRIEF) The EIB has extended a €42.8 million loan to Ústí nad Labem for crucial infrastructure upgrades, including energy, transport, and social services. This is part of the EU’s larger goal of promoting sustainable urban development. The loan is … Read the full press release

DNV Explores the Growing Role of Wind-Assisted Propulsion Systems in Maritime Decarbonization

(IN BRIEF) DNV’s new whitepaper examines the growing interest in wind-assisted propulsion systems (WAPS) and their increasing adoption across the shipping industry. The paper explores how WAPS contribute to fuel savings, reduce emissions, and help meet maritime regulations. It also … Read the full press release

EIB Global Appoints Miha Švent as New Representative for Bosnia and Herzegovina to Strengthen Sustainable Development and EU Integration

(IN BRIEF) EIB Global has appointed Miha Švent as its new representative for Bosnia and Herzegovina, focusing on sustainable development, climate action, and energy security. The bank has already invested over €3.5 billion in strategic projects, strengthening BiH’s EU integration … Read the full press release

Emerging Markets Climate Action Fund Secures €450 Million, Paving the Way for Major Climate Investments in Developing Countries

(IN BRIEF) The Emerging Markets Climate Action Fund (EMCAF), a partnership between the European Investment Bank (EIB) and Allianz Global Investors, has reached a closing total of €450 million with the final €20 million contribution from Germany’s Kreditanstalt für Wiederaufbau … Read the full press release

DFCC Bank Achieves Historic Dual Listing of Green Bond on Luxembourg Stock Exchange

(IN BRIEF) DFCC Bank has achieved a historic milestone with the dual listing of its Green Bond on the Luxembourg Stock Exchange (LuxSE) and its display on the Luxembourg Green Exchange (LGX). This follows the bond’s initial listing on the … Read the full press release

EIF Pledges €20 Million to New Private Credit Fund Supporting Baltic SMEs and Sustainable Growth

(IN BRIEF) The European Investment Fund (EIF) has committed €20 million to the SG Capital Baltic Private Credit Fund, a new initiative managed by Latvia-based SG Capital Partners AIFP. The fund aims to raise €100 million to support small and … Read the full press release

Multilateral Development Banks Commit to Mobilizing USD 120 Billion for Climate Action at COP29

(IN BRIEF) At COP29 in Baku, multilateral development banks (MDBs) announced a commitment to collectively mobilize significant financial support to help countries meet ambitious climate goals. By 2030, MDBs estimate they will direct USD 120 billion annually towards low- and … Read the full press release

EIB and European Environment Agency Deepen Partnership to Drive Climate Action and Biodiversity Protection

(IN BRIEF) The European Investment Bank (EIB) and the European Environment Agency (EEA) have strengthened their collaboration through a new Memorandum of Understanding (MoU) to promote climate action, biodiversity protection, and sustainable finance. The partnership will focus on sharing data, … Read the full press release

Iberdrola Recognized Among Top 10 Global Companies for Leadership in Sustainability and Climate Action

(IN BRIEF) Iberdrola has been recognized by Richmond Global Sciences (RGS) as one of the top 10 companies globally for its significant positive impact on environmental, social, and financial aspects. This recognition highlights Iberdrola’s commitment to the United Nations Sustainable … Read the full press release

Enel Group Champions Just Energy Transition and Climate Action at UN General Assembly and Climate Week

(IN BRIEF) The Enel Group participated in the 79th United Nations General Assembly and New York Climate Week, engaging in discussions on climate action, sustainable development, and a just energy transition. Key executives, including Nicolò Mardegan and Gianni Vittorio Armani, … Read the full press release

ING Accelerates Climate Action with Focus on Client Engagement and Sustainable Financing

ING Repurchases Nearly 1.7 Million Shares, Demonstrating Progress in Buyback Initiative

(IN BRIEF) ING’s 2024 Climate Progress Update outlines the bank’s enhanced efforts to help clients transition to a low-carbon economy. The report highlights ING’s Terra approach, which focuses on guiding carbon-intensive sectors toward climate goals. ING assessed the sustainability disclosures … Read the full press release

EIB and SGEF Poland Join Forces with €200 Million Financing for SMEs and Climate Action

(IN BRIEF) The European Investment Bank (EIB) is providing €100 million to SG Equipment Leasing Polska (SGEF Poland) to support Polish SMEs, with SGEF Poland expected to generate €200 million in total financing. At least 20% of the funds will … Read the full press release

Neste Partners with Exponential Roadmap Initiative to Drive Climate Action

(IN BRIEF) Neste, a global leader in sustainable aviation fuel and renewable diesel production, has initiated a collaboration with the Exponential Roadmap Initiative (ERI) to align its climate efforts with the UN Climate Change High-Level Champion’s Race to Zero. This … Read the full press release

European Investment Bank Group Records Historic €2.91 Billion Financing for Swedish Projects in 2023

(IN BRIEF) In 2023, the European Investment Bank Group (EIB Group) provided a record-breaking €2.91 billion in financing for 32 projects in Sweden. The majority of funding (76.7%) was allocated to climate action and environmental sustainability initiatives, with notable support … Read the full press release

EIB Group and Deutsche Leasing Romania Forge €335 Million Agreement to Boost Small Business Financing and Climate Action

(IN BRIEF) The European Investment Bank Group (EIB Group) collaborates with Deutsche Leasing Romania IFN SA (DLRO) to finalize a synthetic securitization transaction worth €335 million, aimed at mitigating credit risk and enhancing lending capacity for DLRO, which in turn … Read the full press release

EU Private Sector Women Launch Network to Drive Climate Action

(IN BRIEF) In a proactive move towards advancing the green transition and fostering climate resilience, women leaders from the EU private sector have inaugurated the Women Climate Leaders Network, hosted by the European Investment Bank Group (EIB Group). With the … Read the full press release

EIB Group’s Strong Growth in France: €12 Billion Investment Spurred by Climate Action, Innovation, and Sustainable Infrastructure

(IN BRIEF) In 2023, the European Investment Bank (EIB) Group experienced robust growth in France, providing nearly €12 billion in long-term financing to the private sector and local and regional authorities. This included €10.6 billion from the EIB and €1.4 … Read the full press release

Hydro Expands Commitment to Green Transition with First Suppliers Hub Membership

(IN BRIEF) Hydro, a leader in low-carbon aluminum production, has joined the First Suppliers Hub, a tool launched at the World Economic Forum’s annual meeting in Davos. The hub streamlines the transition from climate commitments to action for companies dedicated … Read the full press release