News Snapshot:
Chinese e-commerce giant Alibaba Group Holding has allocated net proceeds of US$986.9 million from its inaugural sustainability bonds to 12 projects. The bonds, issued last February, were used to fund initiatives in five environmental, social, and governance areas, including energy efficiency, green buildings, Covid-19 crisis response, renewable energy, and “circular economy and design” – a business strategy centring on reuse and recycling – the company announced on the first anniversary of this pioneering initiative in China’s tech sector. China is leading global surge in green bond financing this year Alibaba, owner of the South China Morning Post , distributed the...
