Finance | Page 17

JPMorgan Chase announced on May 13 steps it is taking to align its financing activities with climate goals of the Paris Agreement. The firm also announced it has achieved carbon neutrality and has established new operational goals.

Kellogg Company has announced its pricing of a EUR 300 million 8-year Sustainability Bond. The food company’s inaugural sustainability bond, this bond has an interest coupon of 0.50% per annum.

Amazon has issued a $1B Sustainability Bond, whose proceeds will fund sustainability and social projects.

HSBC Bank USA has introduced Green Deposits for businesses. These deposits give commercial clients the option to support decarbonization initiatives with their cash reserves.

Goldman Sachs Renewable Power Group (GSRP), managed by Goldman Sachs, has agreed to fund 216 megawatts-dc (MWdc) of new solar installations in New York. Construction has begun on these eight utility-scale solar projects, each of which will generate 27 MWdc.

The IKEA retailer Ingka Group announced April 20 that it will increase its renewable energy investments by 4 billion euro in support of its goal to use 100% renewable energy across its value chain.

Morgan Stanley announced its plan to provide $1 trillion in sustainability initiatives by 2030. The first large U.S. bank to commit to net-zero financed emissions by 2050, the firm has earmarked $750 billion of the trillion dollars to finance low-carbon solutions, in addition to an initial commitment of $250 billion made in 2018.

Citi Bank announced April 15 a commitment to complete $1 trillion in sustainable financing by 2030.