/PRNewswire/ The global long fiber thermoplastics market size is expected to grow from USD 3.5 Billion in 2021 to USD 6.1 Billion by 2027, at a CAGR of 9.3%.
Hana Bank s W200 bil. coal investment in Indonesia violates IFC s green principles
By Lee Kyung-min
Hana Financial Group is coming under mounting criticism for making a hefty investment in coal power plants in Indonesia, financed by its flagship affiliate, Hana Bank. Hana is the only one among Korea s top five financial groups that has yet to renounce investing in fossil fuels.
According to Solutions for Our Climate, a Seoul-based climate change advocacy group, Recourse, its Amsterdam-based non-profit peer organization (NGO), filed a petition with International Financial Corp. (IFC), claiming the Korean lender violated the Green Equity Approach (GEA), a key IFC principle of green investments. The GEA calls for financial services firms to outline a low-carbon initiative in return for IFC investments, with the long-term goal of reducing coal-related assets to zero by 2030.