Finance | Page 8

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.

Eastman Chemical Company announced that it has closed its offering of $500 million principal amount of 5.750% Senior Unsecured Notes due 2033. The net proceeds will be allocated to eligible projects to advance Eastman’s sustainability goals of mitigating climate change and mainstreaming the circular economy.

VF Corporation, a global company focused on branded lifestyle apparel, footwear, and accessories, announced the closing of a €500 million green bond offering, representing its second green bond issued.

Teva Pharmaceutical Industries Ltd. announced its intention to issue $2,060,000,000 (equivalent) of sustainability-linked senior notes. The notes offering reflects Teva’s continued strong commitment to sustainable finance.