Cyan Renewables Acquires MMA Offshore in $726 Million Deal
MMA shareholders will receive A$2.70 per share in cash, representing a premium of 36% over the stock’s 90-day average price.
Indian Businesses Lead in ESG than Global Counterparts: Study
The study revealed that Indian companies are more likely to be engaged in ESG reporting and compliance (65%) compared to Singapore (62%), Hong Kong (53%), and China (41%).
FM Announces Policies to Boost Solar and Nuclear Power; EVs and Hybrid Neglected
For promoting women-led development, the budget carries an allocation of more than Rs 3 lakh crore for schemes benefiting women and girls.
India Making Strides in Climate Action: Forests to Absorb More Carbon; Economic Survey
The country’s GDP grew at a healthy 7% rate between 2005 and 2019, while emissions increased at a slower pace of 4%.
Middle East ESG Weekly Round-Up
Major ESG Events in Middle East area this week
FarmERP and Seiyaj Tech Sign MoU to Localize Green Energy Technologies
This strategic partnership aims to bring advanced agricultural and green energy technologies to the Saudi market, supporting the Kingdom’s sustainability and energy diversification goals.
Saudi Aramco Acquires 50% stake in Blue Hydrogen Producer
BHIG, based in Jubail, eastern Saudi Arabia, is a subsidiary of Air Products Qudra (APQ), a joint venture between American industrial gas giant Air Products and Saudi corporation Qudra Energy.
ESG Now a Key Factor in M&A Deals: KPMG Survey
A key finding of the survey is that companies with high ESG maturity are commanding premium valuations.
FAME III on the Cards, But Not in Budget
The previous FAME II scheme, which concluded in March, had a hefty ₹11,500 crore outlay. Compared to this, FAME III is expected to be smaller.
Middle East ESG Weekly Round-Up
Main ESG events happened at Middle East in the last week.