envoNEWS | Asia | 2021 | February
Written by EnvoPAP team
19th March 2021
1 minute read
Asia is not only the most populous continent, but is also a market on a steady incline of opportunity and development. With development comes the concept of sustainability, in companies’ relationship with the economy, the environment and society. This monthly edition provides locally-focused updates, particularly within Asia, to keep you up to date with sustainable initiatives and practices in the region
Sustainable energy key to COVID-19 recovery in Asia and the Pacific
According to Armida Salsiah Alisjahbana, United Nations Under-Secretary-General and Executive Secretary of the United Nations Economic and Social Commission for Asia and the Pacific, as nations build themselves back up after the pandemic, the countries of Asia and the Pacific need to build back better, but they must do so in a way that secures the region a clean energy future.
Sustainable aviation fuel rollout to gain momentum in Asia, but not without difficulty.
The impact of COVID-19 has been financially devastating for the industry, so sustainable aviation fuel has been slow to take off in Asia. However, the increased thrust on carbon emissions, a need to maintain reputational goodwill along with ready feedstock availability will likely hasten the momentum toward SAF.
Seafood giant Thai Union secures $400m in first sustainability loan
Thai Union Group, the world's biggest canned tuna producer, has secured its first sustainability-linked loan of $400 million from a group of financial institutions. Borrowers of sustainability-linked loans can receive favorable interest-rate treatment, depending on how much they have achieved targets that lead to environmental protection and other objectives, such as strengthening the traceability of its seafood.
Singapore Public Sector to Set First Carbon Emissions Target
As part of its sustainability drive, this represents one of the four key shifts that the sector will take under the GreenGov.SG initiative. As previously announced, Singapore will aim to halve its 2030 peak greenhouse gas emissions by 2050, and to achieve net zero emissions "as soon as viable" in the second half of the century.
Other News Developments: