Middle East ESG Weekly Round-Up
Major ESG related news in Middle East last week
Indian EV Company Wardwizard bags $1.29 billion order from Philippines
The agreement, signed through a Memorandum of Understanding (MoU), will see WIML supply the Philippines with its existing electric two-wheeler and three-wheeler models.
Blind Boy’s Blooming Pens
A special feature on Aswin Ramesh, the blind Kerala boy who makes sustainable Seed Pens that sprout and bloom once they are discarded
Dubai Introduces Sustainable Floating Fire Station
The floating fire station is designed to provide rapid response to maritime incidents while minimizing its environmental impact.
Climate Change Threatens Health of Pregnant Women, Children More: WHO
These vulnerable populations are often overlooked in climate action plans, despite facing significant health risks from rising temperatures, air pollution, and extreme weather events.
DP World–Einride Unveil Largest Electric Freight Fleet
This ambitious project is expected to save an estimated 14,600 tonnes of CO2e (carbon dioxide equivalent) annually, marking a substantial step forward in the region’s commitment to sustainability.
NSE’s EV Index: A Stimulant for India’s EV Segment
The base date of the index is April 2, 2018, with a base value of 1000. It will undergo semi-annual reconstitution and quarterly rebalancing.
FAME 3 Incentive Scheme Rolls Out Soon
FAME 3 is likely to increase subsidies for electric buses purchased by State Transport Undertakings (STUs) compared to FAME 2, which incentivized the purchase of 7,000 electric buses.
$2.5 Billion Qatar Green Bond Attracts Strong Investor Interest
Underscoring the growing appetite for sustainable investment opportunities globally, the $2.5 billion green bond was met with overwhelming investor interest, attracting bids worth more than three times the offered amount.
Volvo Revs Up for Hydrogen Trucks: Trials Begin in 2026
These trucks utilize High Pressure Direct Injection (HPDI) technology. A small amount of ignition fuel, potentially renewable hydrotreated vegetable oil (HVO), is used to start the engine before switching to hydrogen.