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CIBC, Itaú, NAB and NatWest Group launch carbon offset platform to drive transparency in Voluntary Carbon Market

CIBC, Itaú, NAB and NatWest Group launch carbon offset platform to drive transparency in Voluntary Carbon Market
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Port of Newcastle deal - Key Facts


Date Time
Port of Newcastle deal – Key Facts
In May 2021, NAB announced its role in the development of a loan for Port of Newcastle. This loan aligned financing for Australia’s largest east coast seaport with long-term environmentally and socially responsible outcomes.
As Sustainable Finance Structuring Coordinator, NAB assisted in the development of both a sustainability-linked financing framework and green financing framework with Port of Newcastle.
This transaction has been widely reported across domestic and global media. Due to the complexity of the refinancing arrangement, some reporting has contained factual inaccuracies.
NAB is acutely aware of all the views around how to steward our planet safely and sustainably. We want to ensure the facts are clearly set out. ....

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ESG gaining ground in banking


PETALING JAYA: The adoption of environmental, social and governance (ESG) principles in the banking sector is gaining momentum but its success will hinge on embracing the right action.
Experts and bankers agree that the adoption of ESG principles in the sector is vital and needs beefing up to ensure a healthy bottom line in the long term despite some hiccups.
Ernst & Young (EY) Advisory Services Sdn Bhd director for climate change and sustainability services Arina Kok (pic below) said with the recent issuance of the Climate Change and Principle-based Taxonomy by Bank Negara, many financial institutions have started to integrate ESG considerations into their lending practices and risk management, albeit at an early stage of adoption. ....

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