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☆ Saudi Arabia's wealth fund hires banks for debut green bonds
▼ + stars: | 2022-09-27 | by ( Yousef Saba | ) www.reuters.com time to read: +2 min

Register now for FREE unlimited access to Reuters.com RegisterDUBAI, Sept 27 (Reuters) - Saudi Arabia's sovereign wealth fund, the Public Investment Fund (PIF), has hired banks including Citi and JPMorgan (JPM.N) to arrange a debut issuance of multi-tranche U.S. dollar-denominated green bonds, a document showed on Tuesday. Sources told Reuters earlier this month that PIF would issue the long-planned green bonds this month or in October. Register now for FREE unlimited access to Reuters.com RegisterA debut issuance in tranches of five, 10 and potentially a longer-dated tenor will follow, subject to market conditions. "PIF is acting as the key vehicle to achieve KSA (the Kingdom of Saudi Arabia) green aspirations," the presentation said, referring to an ambitious economic reform agenda to wean the economy off oil. read more($1 = 3.7620 riyals)Register now for FREE unlimited access to Reuters.com RegisterReporting by Yousef Saba; Editing by Louise Heavens and Jan HarveyOur Standards: The Thomson Reuters Trust Principles.

☆ The forest growing in the world’s hottest sea
▼ + stars: | 2022-08-04 | by ( Barry Neild | ) edition.cnn.com time to read: +9 min

Jubail Mangrove Park is a green expanse of gray mangrove trees on the northeastern edge of Abu Dhabi’s Al Jubail island, where shallow tidal waterways spill out into the clear blue Arabian Sea. It’s a tranquil world away from the shimmering skyscrapers and heat-hazed hustle of downtown Abu Dhabi, albeit just a short drive away. Dreamlike destinationThe Jubail Mangrove Park is an unexpected green escape from the deserts of Abu Dhabi. And observing those genes in action in Abu Dhabi could be a good sign. “It is the only place in Abu Dhabi where you can see so much green.”

☆ The SEC is considering requiring US companies to disclose their climate impact. Here's what that means for corporations and investors.
▼ + stars: | 2022-03-09 | by ( Daniel E. Walters | William M. Manson | The Conversation | ) www.businessinsider.com time to read: +8 min

The Securities and Exchange Commission is considering adding climate impact as a mandated disclosure. Some large investors require disclosure. The United Kingdom plans to require climate disclosure starting in April 2022, and the European Union has reporting rules in place. A study of one type of climate disclosure — emissions labels on consumer products — found mixed evidence as to whether consumers altered their behavior in response. A prior oil and gas extraction disclosure rule was invalidated by a court in 2013 as arbitrary and capricious.

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