Big Tech Drawn to Singapore's New Carbon Offset Trading Market bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
(Bloomberg) Some of the world’s largest tech corporations from Google to Microsoft Corp. and Amazon are in talks with a new carbon offset trading platform in Singapore that would be among the first to be backed by a public stock exchange.The technology giants may use Climate Impact X as they strive to meet “ambitious” targets to become net-zero emitters, Herry Cho, Singapore Exchange Ltd.’s head of sustainability and sustainable finance said in an interview. Ride-hailing firm Grab Holdings Inc. has also expressed interest in the trading venue that’s set to be launched this year, she said.Companies with net-zero or even net-negative ambitions are quickly realizing that “negotiating one-on-one with their small sustainability teams” to find the best projects “is completely unrealistic and is draining their manpower,” Cho said.An Amazon.com Inc. spokesperson said the firm supports the sustainability efforts of customers s
(Bloomberg) Some of the world’s largest tech corporations from Google to Microsoft Corp. and Amazon are in talks with a new carbon offset trading platform in Singapore that would be among the first to be backed by a public stock exchange.The technology giants may use Climate Impact X as they strive to meet “ambitious” targets to become net-zero emitters, Herry Cho, Singapore Exchange Ltd.’s head of sustainability and sustainable finance said in an interview. Ride-hailing firm Grab Holdings Inc. has also expressed interest in the trading venue that’s set to be launched this year, she said.Companies with net-zero or even net-negative ambitions are quickly realizing that “negotiating one-on-one with their small sustainability teams” to find the best projects “is completely unrealistic and is draining their manpower,” Cho said.An Amazon.com Inc. spokesperson said the firm supports the sustainability efforts of customers s