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Latest Results from /sustainable

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How sustainable is payment by cash?

The environmental footprint of a person’s yearly use of euro banknotes is equivalent to driving 8 km by car, or 0.01% of an individual's total carbon consumption, according to a study by European financial authorities.

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ADCB introduces the region’s first Mastercard Carbon Calculator

Abu Dhabi Commercial Bank (ADCB) has partnered with Mastercard to introduce the Mastercard Carbon Calculator in the Middle East.

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Canapi Ventures raises $750m fintech fund

Canapi Ventures, a VC firm focussed on fintech startups, has raised $750 million for its second fund.

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AXA IM completes first market transaction using stablecoins

AXA Investment Managers has completed its first live market transacation using stablecoins issued by SG Forge, the digital asset arm of Societe Generale.

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Mastercard welcomes latest Start Path in Solidarity programme participants

Mastercard has added five early-stage startups founded by women and people of colour to its Start Path in Solidarity programme.

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COP28: UAE commits $30bn to climate finance

The UAE has announced a $30 billion investment to launch a climate-focused investment vehicle at COP28, that will set the foundation to establish a more transparent climate finance system and provide funding and access to the Global South.

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COP28: Ethereum pre-Merge carbon emissions estimated to be 27.5m metric tonnes

Research from the Cambridge Centre for Alternative Finance (CCAF) and the Ethereum Climate Platform (ECP) reveals that the Merge – the upgrade that switched the ETH consensus mechanism from a proof-of-work protocol to a proof-of-stake system – ensured that Ethereum now has a much lighter greenhouse gas footprint than other high carbon-emitting blockchains.

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Nasdaq unveils tech to scale global carbon markets

Exchange operator Nasdaq has launched technology that securely digitises the issuance, settlement, and custody of carbon credits.

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FCA sets out greenwashing rules

The Financial Conduct Authority has moved to clamp down on greenwashing by putting in place sustainability disclosure requirements and an investment labels regime.

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South Korea preps 100,000 person-strong CBDC pilot

South Korea is preparing a central bank digital currency (CBDC) pilot that will involve 100,000 people, according to local press reports.

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NatWest launches home energy hub

NatWest has launched a hub to help UK homeowners make energy efficient changes in their properties.

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Data platform launches to help FIs eliminate deforestation from their portfolios

A new data platform, called Forest IQ, has launched to provide financial institutions with data on how more than 2000 major companies are addressing their links to deforestation.