可持续性监测-ESG新闻动态：5月16 - 31日

www.bernsteinresearch.com to documents cited by the NY Times. In contrast, theBiden EPAhadfinalised rules last year that would havecompelled these power plantsto either cut or capture 90% of their climate pollution by 2032. Iffinalised, this rule would be adeterrent to climate action.US powerplants contribute 3% of total global climate pollution.Electric vehicle sector going through a major transformation:Honda Motorisreducingitsinvestmentsin electric vehicles out to2030 by3 trillion yen ($20.7bn)to focus more on launchingnewhybrid models. In light of the current market conditions, Honda hasreevaluated its projections and now forecasts theEV sales mixto fallbelow the previous target of 30% by 2030. In the short term, Hondabelieves that themarket demand for hybrid vehicles will remainhigh. It plans to introducethree new hybrid powertrains by 2027for small, mid-size and full-size vehicles, with a 10% improvementin fuel economy.Our Auto analystsbelieve that Japanese OEMsare most exposed to the US autotariffs, and they forecast sector-wideoperating profit to decline by ~42%, and Toyota’s andHonda’s profits to decline by ~29% and ~34% respectively. In arelated development, in tariff talks with the US,Japanis consideringa plan to offersubsidiesfor building charging stations for TeslaEVs. Japanese negotiators have shown a willingness to discuss areduction in US tariffsimposed on Japan,rather than pushingto eliminate them completely. InChina,investor interest in EVsis still rising. This was reflected by the shares inCATLsoaringc.17% on the first tradingday, and this was despite the UShaving, in January 2025, addedCATL to a list of companies workingwith China's military. For more information on the transformationof the EV landscape globally, pleaseread the ESG team’s latestreport, Electric Revolution: Divergence — From Centralized Energyto Portable Power — Powering the Sustainable (R)Evolution.In the “Sustainability Monitor”, we capture hot topics and recentdevelopments in the ESG space across the world. In this fortnightlyreport, we highlight noteworthy news articles on both macro andstocks.On request, we would be happy to share our database of keysustainability news reported since 2018, in Excel format.Happy reading!Thanks to Smita Kar for her contribution to this report.SUSTAINABILITY RESEARCH Hot topics in the Sustainability spaceThemes/GeographyNews headline/citationBirthright citizenshipUS Supreme Court grapples with Trump bid to restrict birthright citizenshipThe U.S. Supreme Court wrestled over Donald Trump's attempt to broadly enforce his executive order to restrictbirthright citizenship, a move that would affect thousands of babies born each year as the Republican presidentseeks a major shift in how the U.S. Constitution has long been understood.Carbon border taxEU Parliament backs exempting 90% of companies from carbon border levyThe European Parliament backed changes to the European Union's carbon border tariff that would exempt fromthe scheme companies that import less than 50 metric tons per year of relevant goods.Over $14 billion in U.S. clean energy investments have been canceled or stalled this year: reportMore than $14 billion in clean energy projects have been canceled or delayed in the United States since January,according to a new analysis by Environmental Entrepreneurs (E2), a nonprofit clean energy business group.EU almost on track to reach 2030 climate goalThe EU is on course to reduce its net greenhouse gas emissions by 54% by 2030, compared with 1990 levels-justshy of its legally-binding goal of a 55% cut, the Commission said in an analysis of existing policies in the EU andits member countries.China, TaiwanChina, Taiwan trade accusations over cyberattacksChinese public security authorities attributed a cyberattack on an unnamed technology company to the Taiwangovernment on, prompting the latter to blame China for spreading disinformation over such breaches.EnvironmentalGuyana lawmakers pass bill making companies liable for oil spill damagesGuyana's parliament passed an oil pollution bill that holds parties liable for damages caused by oil spills,including from vessels.Extreme weatherExtreme weather costs EU farmers 28 billion euros a year, EU saysThe European Union's agriculture sector loses an average of 28.3 billion euros ($31.9 billion) each year fromextreme weather made worse by climate change, EU-backed analysis published.Indonesia, SingaporeRide-hailing drivers in Indonesia hold protests to demand better payHundreds of taxi and delivery drivers joined protests in several cities across Indonesia over low wages and tooppose a planned merger between the country's largest tech company GoTo and U.S.-listed ride-hailing rivalGrab.Renewable subsidiesVietnam retroactively cuts subsidies for some solar, wind farms, investors' letter saysVietnam's state power utility has cut previously agreed subsidised prices it pays for electricity from some solarand wind farms which now risk defaulting on