The International Finance Corporation and Brazilian investment bank BTG Pactual have announced a strategic partnership aimed at mobilising up to $1bn in joint investments by 2028. The collaboration will advance sustainability and development projects across Latin America, with a focus on social and environmental initiatives, nature-based solutions and the Amazon bioeconomy. BTG Pactual will focus on identifying investment opportunities, while IFC will contribute financial and technical support.

British International Investment is providing a $50m climate-focused debt facility to Vietnam Prosperity Joint-Stock Commercial Bank, the UK's development finance institution's first initiative of this kind in the Asian country. The funding forms part of a $350m syndicated loan intended to accelerate the country's green transition and support its target of reaching net zero by 2050. Priority sectors include sustainable agriculture, clean transport and renewable energy. BII has announced plans to invest up to £500m in climate finance across Southeast Asia between 2022 and 2026.

Zelestra, a renewable energy company owned by Swedish investment company EQT, plans to invest between $1bn and $1.5bn in renewables infrastructure in Peru over the next five years, with a focus on the country's copper-rich southern mining region. The plan involves developing 1GW of new capacity and securing long-term supply agreements with mining companies. Zelestra has already launched Peru's largest solar park in Arequipa and announced additional projects as it aims to grow its renewable portfolio to 3GW across Chile, Peru and Colombia.

The International Finance Corporation has invested $50m in responsAbility's Asia Climate Strategy, bringing total commitments to $414m. The strategy, which aims to reach $500m by the end of 2025, is focused on financing low-carbon initiatives across Asia, including renewable energy, e-mobility and energy efficiency projects. More than $200m has been secured from private-sector investors. According to IFC, the initiative is expected to prevent around 16 million tonnes of CO₂ emissions, with blended finance being used to attract further private capital for climate-related projects.

The Asian Infrastructure Investment Bank and India's National Bank for Financing Infrastructure and Development are to work together to develop sustainable infrastructure projects across India. Projects will focus on climate adaptation and mitigation, with an emphasis on sectors such as renewable energy and clean transport. The organisations will pool financial resources and technical expertise while encouraging knowledge-sharing to help India meet its low-carbon development goals.

The UN Environment Programme has released new Principles for Responsible Banking guidance to help banks incorporate climate adaptation and resilience into risk management and planning. Banks are advised to adapt the recommended methodologies to their individual portfolios, thereby supporting climate resilience across the wider real economy.

UBS has become the latest international bank to withdraw from the Net-Zero Banking Alliance, following the recent departure of the UK's HSBC and Barclays. UBS was a founding member of the UN-backed organisation initiated by Mark Carney in 2021, but says it now has the internal resources to follow its own transition strategy. Critics say such high-profile exits highlight the fragility of voluntary climate finance initiatives.