The UK government has announced a significant increase in its contribution to the World Bank, raising hopes for enhanced climate finance in low-income countries. At next week’s International Development Association (IDA) meeting in Seoul, the UK will pledge £1.98bn over three years—a 40% increase on its previous commitment. Anneliese Dodds, the UK development minister, emphasized […]

Yinson Renewables, the green energy arm of Yinson Holdings Bhd, has secured a senior secured green financing facility worth $59 million (£46.7 million) to advance its Matarani solar project in Peru. The funding, arranged by IDB Invest and Natixis Corporate and Investment Banking (Natixis CIB), underscores the growing commitment to renewable energy solutions in Latin […]

Small and medium-sized enterprises (SMEs) must urgently embed environmental, social, and governance (ESG) principles into their operations to remain competitive and secure long-term sustainability, Bank Negara Malaysia (BNM) has emphasized. The central bank highlighted that global ESG regulations, particularly in regions like the European Union, are increasingly shaping the business landscape. These rules are impacting […]