Finance | Page 7

Spanish insurance company MAPFRE seeks to invest in the construction and development of between 20 and 25 power plants in Spain in five years via a new fund.

Fisker Inc. is preparing to incorporate the sale of emission credits into its business strategy in the U.S.

Grupo Bimbo announced it secured approximately $850 million dollars in Sustainability-linked Bond (SLB), which represents the largest in the history of the Mexican market, and the largest transaction so far during the year.

Morgan Stanley Investment Management (MSIM) announced that it completed a first close for the 1GT climate private equity strategy (1GT) at $500 million of equity capital commitments.

French bank BNP Paribas will no longer provide any financing used for the development of new oil and gas fields as it continues to align its loan portfolio with a net zero emissions trajectory.

Emirates, an international airline, announced it committed US$200 million to fund research and development projects focused on reducing the impact of fossil fuels in commercial aviation.

Verizon Communications Inc. settled its fifth green bond offering of $1 billion with proceeds going toward renewable energy investments.

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Apple will expand its Restore Fund, doubling the company's total commitment to advancing high-quality, nature-based carbon removal projects.

Etsy, an ecommerce company, will allocate $30 million of its cash holdings towards an impact investment fund, which will enable the company to use capital to expand its efforts to promote sustainability.