In a statement Anish Shah, the CEO of Indian auto major Mahindra and Mahindra group said, it will explore sourcing more components from other companies to boost its electric vehicle (EV) portfolio. While earlier Mahindra had focussed on developing EV components… Read More ›
In a significant development, HSBC Holdings has suspended its head of responsible investing pending an internal investigation. The development comes in the wake of central bank policymakers and other global authorities saying financial risks of climate change has been exaggerated. HSBC… Read More ›
In a statement to the media, German Chancellor Olaf Scholz said, Germany has pledged $10.51 billion (10 billion euros) to help India achieve its climate goals following a meeting with Indian Prime Minister Narendra Modi in Berlin. Both leaders highlighted… Read More ›
In a statement, Michael Miebach, the CEO of Mastercard Inc said, the company will link all employee bonuses to environmental, social and corporate-governance (ESG) initiatives, in an expansion of an earlier program which was limited to its senior executives. The move… Read More ›
In a significant development, CalPERS, the biggest U.S. public pension fund, said it will vote for a shareholder proposal to replace Warren Buffett as Berkshire Hathaway Inc’s chairman; he will however continue to remain as its CEO. In a regulatory… Read More ›
In a statement the Vice-President and EU trade chief Valdis Dombrovskis said, on April 1, the European Union will hold a summit with China in an attempt to diffuse growing tensions between the two. “We know we are in a… Read More ›
2022 is set to be a turning point for US financial policy as the Biden Administration’s regulators ready a slew of regulations that are likely to increase the cost of compliance for Wall Street and corporate America. Biden’s top financial… Read More ›
German Chancellor Olaf Scholz said, his government would make Germany, Europe’s biggest economy, fit for the future and vowed it would leave no one behind in this major transformation of the economy. Vowing increased investments in climate protection and digitalization… Read More ›
According to the Brazilian government’s annual report, deforestation in the Amazon rainforest soared by 22% in a year to its highest level since 2006, undercutting President Jair Bolsonaro’s assurances that Brazil is curbing illegal logging. Brazil’s space research agency, INPE,… Read More ›
On Monday, Governments are scheduled to push for an agreement to help vulnerable countries deal with global warming and compensate them for damages that have already occurred, in what is likely to be a test whether rich nations and developing… Read More ›
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