Month: November 2024

IFC Anchors voestalpine’s First Green Bond Issuance to Propel Steel Sector Decarbonization

Stuart Mitchell

IFC has announced an anchor investment of €75 million in the first green bond issuance by voestalpine AG, a global leader in steel processing and production headquartered in Austria. This landmark investment aims to accelerate the decarbonization of key value chains in the steel sectors of Brazil, Poland, and Romania. Steel is a critical resource for key industries and global economic development, playing a vital role in the green transition of sectors such as transport, manufacturing, and construction. However, the steel industry faces significant decarbonization challenges due to its reliance…

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SAP and Ambipar Unveil Net Zero as a Service

Stuart Mitchell

SAP SE has announced a partnership with Ambipar, a global leader in environmental solutions with operations in 40 countries, to bring Net Zero as a Service to customers and support the fight against climate change. Net Zero as a Service brings together a combination of SAP’s robust cloud solutions and Ambipar’s deep carbon credit generation and trading expertise to help customers seamlessly manage and offset carbon emissions. “In partnering with SAP, we are bringing together two companies with a shared commitment to help organizations achieve net zero,” said Tercio Borlenghi…

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Trans Stories are Everyone’s Stories: New PSA Campaign from HRC Foundation Aims to Increase Acceptance of Transgender Youth

Stuart Mitchell

Trans and non–binary teens face the same rites of passage into adulthood as everyone else does, and live far more relatable lives than anti-LGBTQ+ bullies would have you believe. That’s the key message of “Daniel Really Suits You,” the centerpiece of a new six-figure ad campaign from the Human Rights Campaign Foundation that began in September in key media markets across the country. “Daniel Really Suits You” was produced in partnership with BRINK Media Group and Comic Relief US. Daniel is a teen just like any other – except he…

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Mercedes-Benz and Hydro join forces in the Brazilian Amazon to foster long-term development along their aluminium supply chain

Stuart Mitchell

At New York Climate Week, Mercedes-Benz and Hydro elevate their strategic partnership by enhancing the vertical integration of their aluminium supply chain and launching the long-term Corridor Program for a sustained development in the Amazon. Following their joint decarbonization roadmap Mercedes-Benz and Hydro signed a Memorandum of Understanding (MoU) to collaborate with local NGOs and partners in the state of Pará, Brazil. Their goals include promoting human rights, generating income for local communities, fostering biodiversity and low-carbon value chains in the Brazilian Amazon.  “In managing our supply chains responsibly, we…

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$8 Trillion Opportunity in Sustainable Cooling Solutions for Developing Economies – IFC and UNEP Report

Stuart Mitchell

The cooling market in developing economies is expected to grow from around USD 300 billion to at least USD 600 billion, per year by 2050, according to a report released by the UN Environment Programme (UNEP)-led Cool Coalition and International Finance Corporation (IFC). The fastest growth in cooling is expected in Africa, which will see the market multiply by a factor of seven, and South Asia, which will quadruple in size. The report calls for prioritising passive, energy-efficient, environmentally friendly, and economically viable cooling solutions. The report, “Cooler Finance: Mobilizing…

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