AFII research on the Bloomberg terminal. BRC <go>, Source: ANF, Set alerts
AFII research on the Bloomberg terminal. BRC <go>, Source: ANF, Set alerts
Ammonia co-firing is a notable component in Japan's transition plans, and is mentioned clearly as a UOP in Mitsubishi Heavy Industries new transition bond deal. We question this use, especially when the Scope 3 upstream emissions go unaccounted for. And we note some translation errors: "coal-fired power" does not equal "steam power" according to our Japanese-English ESG translation booklet.
(6 Sep 2022)
With some recent information on association with the Carmichael coal mine project, we follow up our earlier note on the ESG rating of a 99.7% coal based utility, We note that the ESG rating has increased since last time, from a 94th percentile to a top 97th percentile. And we disagree.
(7 Sep 2022)
Sembcorp's sale of thermal coal power in India shifts operational to financial exposure, and should not lead to a deconsolidation of carbon exposure. This has important implications for investors in SLBs, as well as shareholders looking to vote for/against the transaction at the 8 Nov EGM.
(6 Nov 2022)
Funding to coal mining in Indonesia has mostly stopped from international investors, while only domestic and regional banks still maintain their relationships. The reduction of capital is starting to impact their ability to produce.
(29 Aug 2023)
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