The U.S. offshore wind industry has been dealt a major setback as the federal government abruptly halted construction on Equinor’s $5 billion Empire Wind project, the largest offshore wind development planned for New York City. The move jeopardizes more than $40 billion in offshore wind investments and casts ...
CSSB Unveils Canada’s First Proposed Sustainability Disclosure Standards
The Canadian Sustainability Standards Board (CSSB) has released its inaugural proposed Canadian Sustainability Disclosure Standards (CSDS), establishing a foundational step toward consistent, transparent, and comparable sustainability reporting across the country. The proposals, CSDS 1 and CSDS 2, align closely with the Inter...
Wendy Berman Appointed CSSB Chair to Lead Canada’s Sustainability Standards Rollout
Wendy Berman has been appointed as the permanent Chair of the Canadian Sustainability Standards Board (CSSB), effective May 5, 2025, marking a strategic shift toward implementation of Canada’s new ESG reporting standards. Her leadership arrives at a crucial moment as the CSSB moves to operationalize Canadian Sustainability Di...
USDA Shifts Climate Program Focus to Farmers with AMP Rollout
The U.S. Department of Agriculture (USDA) has announced the termination of the Partnerships for Climate-Smart Commodities (PCSC) initiative, replacing it with a new program—Advancing Markets for Producers (AMP)—designed to deliver more direct support to American farmers. The decision follows concerns over the inefficiency and...
HKMC Raises $3 Billion for SME Support
The Hong Kong Mortgage Corporation Limited (HKMC) has successfully raised approximately HK$23.8 billion (US$3 billion) equivalent through its third social bond issuance, setting a new record for Asia Pacific’s largest social bond offering. This milestone surpasses HKMC’s previous record, achieved in September 2023. The bond i...
Philippines Expands Green Force Mandate to Accelerate Sustainable Finance Reforms
The Department of Finance (DOF) is intensifying its push for sustainable finance by expanding the role and membership of the Inter-Agency Technical Working Group on Sustainable Finance (ITSF), commonly known as the Green Force. The move comes as the country gears up for more targeted and transformative implementation of its Sust...