Mercedes-Benz Secures €11 Billion Sustainability-Linked Loan Tied to Climate Goals
Mercedes-Benz announced that it converted an €11 billion revolving credit facility into a sustainability-linked loan. It is one of the fastest growing areas of sustainable finance,. The loan is linked to to climate-related goals aligned with the company’s sustainability strategy, Ambition 2039. Read more
Major Emitters Progressing on Climate Goals, But Lagging on Decarbonization Strategies: CA100+
Climate Action 100+ (CA100+) announced the results of the most recent round of Net Zero Company Benchmark assessments, examining the emissions reduction goals, decarbonization strategies and climate disclosure practices of the world’s largest greenhouse gas (GHG) emitting companies. The findings indicated that major emitters continue to make progress on setting net zero commitments, but many have not advanced on setting transition strategies to match their decarbonization goals. Read more