The International Finance Corporation (IFC) expects Singapore’s commitments to exceed US$1 billion (S$1.36 billion) for the second consecutive year in FY2024, as Singapore companies continue to support businesses in emerging markets that are actively involved in the environmental, social and governance (ESG) sector. Working with Singapore companies to provide climate finance to businesses in these…
Category: Climate
Baltic Sea faces ‘serious’ climate and biodiversity challenges, report warns
The Baltic Sea faces “serious challenges” due to the climate crisis and biodiversity degradation, a new report warns. The report, released by the Helsinki Commission (HELCOM), a regional organization for the protection of the Baltic marine environment, found that fish stocks are at dangerously low levels, while pollution, land use and resource extraction continue to…