A fifth of the lender’s portfolio faces high nature-related risks, says sustainability head Eric Lim, noting water’s broad impact and the lack of target-setting tools. Oil and gas, though a focus sector, was excluded from its analysis.
The environmental watchdog published analysis warning that there is a "wide trend" of carbon capture, use and storage initiatives in Malaysia linked to fossil fuel expansion. It is one of 19 organisations backing a memorandum to the Senate calling for a controversial CCUS bill to be stopped.
As Asia Pacific sees its first net-zero banking alliance exits, the Singapore lender looks to draw up decarbonisation pathways for two more sectors and has clarified what activities count as transition financing.
The promotion of fossil fuel-driven growth by US President Donald Trump poses significant challenges but there are mitigating factors as well.
By
Saswata Chaudhury
A handful of fashion brands – H&M, Ralph Lauren, Decathlon and Adidas – are working to stop using coal to power their factories in 2025, while others are prioritising decarbonisation at lower levels of ambition.
By
Peter Ford
The action comes despite the oil giant suing the environmental group for US$2.1 million after demonstrators boarded the company’s vessel at the Atlantic Ocean in January.
A coalition of scientists and environmentalists found “widespread economic impacts” for communities in the Philippine province, heightening calls for accountability from the sunken tanker reportedly chartered by a San Miguel Corp subsidiary.
In the video, environmental law group ClientEarth compares the oil and gas giant's advertisements on its low-carbon investments to a burger chain claiming that they’re vegan because they’ve got salad on the menu.
The oil and gas sector needs to cut operational emissions faster, Charlotte Wolff-Bye tells the Eco-Business podcast. But slashing fuel output won’t do for the Asian supplier, and it welcomes respectful debate at the climate summit.
Eco-Business talks to Peter Kiernan, lead energy analyst for the Economist Intelligence Unit, to unpack a new landmark report from the International Energy Agency, which proposes an immediate ban on fossil fuels extraction to curb global warming.
The Philippines has ended new coal development as it pursues a low-carbon future. Don Paulino of non-profit Philippine Energy Independence Council and boss of Shell's exploration arm, argues why natural gas should remain in the energy mix.
The waste oil dumped into the ocean by ships every year is equivalent to eight Exxon Valdez oil spills, and nowhere is the problem as severe as Southeast Asia. The EB Podcast talks to hotelier Andrew Dixon about how a clever idea using a ship tracking system can help curb an environmental crime that has been largely ignored.