In a bid to diversify energy sources and become more eco-friendly, Germany has enacted a grand push toward natural gas.
Year: 2022
$1.7bn in warehouse facility financing secured by AES for renewable energy projects
The AES Corporation’s US-based clean energy business announced on November 11 that it has entered into a $1.7 billion warehouse credit facility advancing the construction of 3 gigawatts (GW) of renewable energy projects across nine states. This financing arrangement is the largest construction warehouse facility for domestic renewable projects and builds on the initial $700… Continue reading $1.7bn in warehouse facility financing secured by AES for renewable energy projects
Pharma drama: supply chain challenges and sustainability concerns
$1.4 trillion dollars. Enough money to make anyone pause. That’s the current worth of the global pharmaceutical industry. The COVID-19 pandemic had far-reaching negative ramifications, but it was also a time of notable growth for the pharmaceutical sector.
Accenture report: overcoming challenges and finding competitive advantage in the trade finance sector
Accenture released a report on findings from an online survey conducted to determine challenges banks are facing, both in retaining trade finance partners, as well as thwarting competition from fintechs.
VIDEO | The role of banks in developing greener, more sustainable trade practices
Trade Finance Global (TFG) spoke to president and CEO of BAFT at Sibos 2022 about the role that banking organisations can play in developing environment, social, governance (ESG) and sustainability best practices within global trade.
Gunvor USA secures $1.45bn borrowing base facility
Gunvor USA LLC, a subsidiary of Gunvor Group Ltd, has successfully closed the syndication of its $1.45 billion uncommitted borrowing base credit facility. The facility includes a $1.16 billion one-year tranche, a $290 million two-year tranche, and a US $500 million accordion feature, which remains available to support future growth. The proceeds of the facility… Continue reading Gunvor USA secures $1.45bn borrowing base facility
COP27: trade is essential to combating climate change
Tackling global warming cannot be successful without governments taking into account the important role of trade in meeting climate goals, according to Director-General Ngozi Okonjo-Iweala. Speaking at a high-level event with world leaders during the COP27 climate summit in Sharm El-Sheikh, Egypt, Okonjo-Iweala’s speech on November 8 marked the launch of the WTO’s World Trade… Continue reading COP27: trade is essential to combating climate change
The most misunderstood Incoterms® in relation to terminal charges
Incoterms® are the international terms which determine business-to-business practice in the transport and delivery of goods published by the International Chamber of Commerce (ICC). They set out the important fundamentals of the Incoterms® rules, and the contracts surrounding a typical contract of sale for export/import.
BREAKING: COP27 sees ICC unveil new standards for sustainable trade
The International Chamber of Commerce (ICC) releases standards for sustainable trade, providing a framework that assesses the environmental sustainability of transactions.
ADB and Indonesian government release study as a roadmap to carbon neutrality
On November 8, the Asian Development Bank (ADB) and the Indonesian government launched a scoping study to map the pathway for the country’s future national capital, Nusantara, to identify, track, neutralise, and reduce carbon emissions. The assistance was announced at an event at COP27 and is aligned with Indonesia’s commitment toward its nationally determined contributions in… Continue reading ADB and Indonesian government release study as a roadmap to carbon neutrality
VIDEO | Digitising trade and supply chain processes: TFG contributes to ICC Academy’s new CDTS course
With the trade ecosystem increasingly shifting towards technological advancements, and a market saturated with options in which to digitise trade processes, it can be difficult to cut through the noise.
VIDEO | Finastra on partnerships and a changing corporate-client experience
To catch up on the latest around trade finance digitisation, Trade Finance Global (TFG) spoke with Michael Vrontamitis, lead industry principal for Finastra’s lending business unit.
Managing business energy needs to address rising costs
Businesses up and down the country are struggling right now with the substantial increase in energy prices and the rise in material costs. Running a business is more expensive than ever, particularly for companies with physical premises to manage, and owners are looking for ways to bring costs down and manage their bills more effectively. … Continue reading Managing business energy needs to address rising costs
UKEF announces new debt solution to help developing countries in the face of climate shocks
UK Export Finance (UKEF) announced on Finance Day at COP27, November 8, that it will become the first export credit agency (ECA) to offer Climate Resilient Debt Clauses (CRDC) in its direct sovereign lending. UKEF helps overseas buyers access financial support to make their projects happen, provided they commit to sourcing goods and services from… Continue reading UKEF announces new debt solution to help developing countries in the face of climate shocks
Into the depth—deep-tier supply chain finance as a driver for ESG development
Deep-tier supply chain finance can be a powerful tool in the ESG toolkit––but implementing this innovative financing approach will require overcoming some key barriers.