DIRS.INFO The most relevant business & tech news

☆ ’50 shades of green’: UN’s Usher highlights financing challenge for companies still in green transition
▼ + stars: | 2024-01-31 | by ( Vicky Mckeever | ) www.cnbc.com time to read: +2 min

But the real challenge is everything in between — some would say the '50 shades of green'," Usher said during a "IOT: Powering the Digital Economy" panel moderated by CNBC's Steve Sedgwick at this year's World Economic Forum in Davos, Switzerland. This refers to companies still working toward making their businesses more sustainable, making them more difficult to label as truly green investments, according to Usher. watch now"If you're going to work in helping deal with heavy emitting sectors and you're going to put more capital in to help them reduce [emissions], that's going to increase your emissions profile," he explained. "So there's a lot of definitional stuff that's needed before the capital is going to flow really at scale," Usher added. More and more businesses strived to make their businesses more sustainable amid severe weather events across the globe.

Persons: Mark Kerrison, Eric Usher, Usher, Steve Sedgwick, hasn't Organizations: United Nations Environment, Finance Initiative, Economic, UNEP FI Locations: London, United Kingdom, —, Davos, Switzerland, U.S, Europe

☆ UN's Usher highlights financing challenge for companies in green transition
▼ + stars: | 2024-01-25 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailUN's Usher highlights financing challenge for companies in green transition"The money is starting to move away from the really non-green stuff but the real challenge is everything in between – some would say the '50 shades of green'," the head of the United Nations Environment Programme Finance Initiative, Eric Usher, told CNBC at this year's World Economic Forum in Davos, Switzerland.

Persons: Eric Usher Organizations: United Nations Environment, Finance, CNBC, Economic Locations: –, Davos, Switzerland

How LGFCU accounts compare Local Government Federal Credit Union Share SavingsLocal Government Federal Credit Union Checking AccountLocal Government Federal Credit Union Money Market AccountLocal Government Federal Credit Union Share Term Certificates Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. To become a member of Local Government Federal Credit Union, you must open a Local Government Federal Credit Union Share Savings account. How to Join Local Government Federal Credit UnionTo become a member of Local Government Federal Credit Union, you must work or volunteer at North Carolina local government. How Local Government FCU ComparesLocal Government Federal Credit Union vs. Truliant Federal Credit UnionTruliant Federal Credit Union is a CDFI that serves local communities in North Carolina, South Carolina, and Virginia. Local Government Federal Credit Union offers higher interest rates, but Truliant Federal Credit Union doesn't charge monthly services.

Persons: it's, Banks, Federal Credit Union hasn't, FCU, it'll, It's Organizations: Local, Federal Credit Union, Savings, Government Federal Credit, Federal Credit, Local Government, Credit, Government, Reviews, Government Federal Credit Union, Local Government Federal Credit Union, Federal Credit Union Share, Local Government Federal Credit, Local Government FCU, State Employees Credit Union, Rocky Mount, Google, Apple, Join Local Government Federal Credit Union, North, ABC, State, Park, Community Development, US Department of Treasury's, Financial, Fund, NC State, Public, Leadership Initiative, UNC School of Government, UNC School of Government's Development Finance Initiative, BBB, Truliant Federal Credit Union, American Consumer Council, . Mechanics & Farmers Bank Mechanic & Farmers Bank, Mechanics & Farmers Bank, Mechanic, Farmers Bank, Mechanics & Farmers, Federal Credit Union Share Savings, &, Mechanics, Farmers, Chevron Locations: Chevron, North Carolina, North, SECU's, Albemarle, Arden, Asheville, Benson, Boone , Burlington, Cary, Hill, Charlotte, Clayton, Concord, Durham, Elizabeth City, Fayetteville, Garner, Gastonia, Goldsboro, Greensboro, Greenville, Hickory, Point, Hillsborough, Holly Springs , Jacksonville, Kernersville, Kinston, Lumberton, Morganton , New Bern, Raleigh, Roanoke Rapids, Rocky, Sanitation, Truliant, South Carolina, Virginia, Georgia, Tennessee

☆ Russia's sanctioned Sovcombank requests US licence to make UN climate payments
▼ + stars: | 2023-11-23 | by ( Elena Fabrichnaya | ) www.reuters.com time to read: +2 min

A view shows a board with the logo of Sovcombank at the St. Petersburg International Economic Forum (SPIEF) in Saint Petersburg, Russia June 17, 2022. "We have funds in foreign currency for these payments, but we have not received any response from them yet, unfortunately." Avtukhov said Sovcombank was in dialogue with the UN on the matter. "We have not suspended our membership in international organisations," Avtukhov, who also sits on Sovcombank's board, said. There are certain difficulties with making payments in general for Russian participants of this programme," Avtukhov said.

Persons: Maxim, Sovcombank, Mikhail Avtukhov, Avtukhov, Elena Fabrichnaya, Alexander Marrow, Kirsten Donovan Organizations: St ., Economic, REUTERS, U.S . Treasury, United, Reuters, European Union, Foreign Assets, United Nations Environment, Finance Initiative, U.S, Treasury, UN, Thomson Locations: St, St . Petersburg, Saint Petersburg, Russia, Ukraine MOSCOW, Russian, United Nations, Sovcombank, Ukraine, Washington, Moscow

LONDON, Nov 1 (Reuters) - The UK government has scrapped guarantees on nearly 1 billion pounds ($1.2 billion) of bank loans handed out to ailing businesses during the COVID-19 pandemic, leaving lenders on the hook for some of the borrowings that will not be repaid. The figures could rise further - latest figures show just 17 billion pounds have been fully repaid by borrowers as of June 30. The largest and most controversial, the "Bounce Back Loan" (BBL) scheme, delivered 47 billion pounds and was specially designed to help Britain's smallest firms stay afloat. Following the removal, any financial loss is borne in full by the lender, BBB said. The figures also showed the government had paid out 7.4 billion pounds to lenders under the state guarantees.

Persons: Theodore Agnew, Sinead Cruise, Iain Withers, Matthew Lewis Organizations: Reuters, British Business Bank, Barclays, NatWest, Lloyds, HSBC, Bank, Finance, BBL, BBB, Thomson Locations: London

☆ UBS says $100 mln blended finance initiative receives new backers
▼ + stars: | 2023-07-20 | by ( ) www.reuters.com time to read: 1 min

Companies UBS Group AG FollowZURICH, July 20 (Reuters) - British and U.S. development finance organisations have agreed to be anchor investors in a new $100 million private-public finance initiative led by UBS' philanthropic arm and non-profit Bridges Outcomes Partnerships, UBS (UBSG.S) said on Thursday. Initial investments in the initiative, focused on delivering Sustainable Development Goal-aligned outcomes, would support government-backed initiatives to support education in Sierra Leone and Ghana, as well as a social enterprise to re-sell and recycle plastic waste in Nigeria, UBS said in a statement. Reporting by Brenna Hughes Neghaiwi, Editing by Friederike HeineOur Standards: The Thomson Reuters Trust Principles.

Persons: Brenna Hughes, Friederike Heine Our Organizations: UBS Group, UBS, Thomson Locations: Sierra Leone, Ghana, Nigeria

☆ Biden is heading to Europe. A king and a war are on his agenda
▼ + stars: | 2023-07-08 | by ( ) www.cnbc.com time to read: +4 min

After arriving at night in London, Biden will meet the next day with King Charles III for the first time since he was crowned. Next is the centerpiece of the trip, the NATO summit in Vilnius, Lithuania. The final stop is in Helsinki, where Biden on Thursday is expected to celebrate the expanding alliance, with Finland as the newest member of NATO. Biden did not attend Charles' coronation — first lady Jill Biden went in his place — so this will be their first encounter since then. VilniusBiden will spend two days in the capital of Lithuania, which is hosting the annual NATO summit.

Persons: Joe Biden, Kevin Wurm, Biden, King Charles III, Jake Sullivan, London Biden, Max Bergmann, Rishi Sunak, Sunak, Bergmann, Sunak's, Boris Johnson, Charles, Jill Biden, They're, Jens Stoltenberg, Sen, Thom Tillis, bicker, Tillis, Jeanne Shaheen, Vladimir Putin Organizations: Air Force, Joint Base Andrews, NATO, Alliance, State Department, Center for Strategic, International Studies, Downing St, Conservative Party, Vilnius Biden, Vilnius University, Helsinki Locations: Washington, Dover , Delaware, Joint Base Andrews , Maryland, Europe, Ukraine, London, Vilnius, Lithuania, Helsinki, Finland, Sunak, Windsor, U.S, Turkey, Hungary

How LGFCU accounts compare Local Government Federal Credit Union Share SavingsLocal Government Federal Credit Union Checking AccountLocal Government Federal Credit Union Money Market AccountLocal Government Federal Credit Union Share Term Certificates Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. How Local Government Federal Credit Union worksLocal Government Federal Credit Union is a financial institution that serves North Carolina's local government employees and volunteers. The credit union doesn't have branches, but it's partnered with State Employees Credit Union. Local Government Federal Credit Union vs. Truliant Federal Credit UnionTruliant Federal Credit Union is a CDFI that serves local communities in North Carolina, South Carolina, and Virginia. Local Government Federal Credit Union offers higher interest rates, but Truliant Federal Credit Union doesn't charge monthly services.

"This new generation of high ambition targets can enable a cleaner greener food and agriculture sector," said Eric Usher, Head of the U.N. Environment Programme Finance Initiative, which helped convene the group and approved the targets as ambitious. Ahead of the COP27 global climate talks in Egypt in November, investors are increasingly focusing on links between a healthy food system and efforts to fight global warming and preserve biodiversity. "The wider finance sector must use COP27 to supersize its ambition and grow a more sustainable food and agriculture sector," Usher said. "Identifying what a state-of-the-art, credible target to finance sustainable food and agriculture looks like is a vital part of addressing the urgent climate and food crises," said Wiebe Draijer, co-chair of the Good Food Finance Network and former CEO from Rabobank.

Search resuls for: "Finance Initiative"

9 mentions found