Connect with us

Technology

Digital Edge publishes Green Finance Framework

Published

2 years ago

on

Leading Asia Pacific data center platform reinforces commitment to ESG goals

HONG KONG, Nov. 5, 2024 /PRNewswire/ — Digital Edge (Singapore) Holdings Pte. Ltd. (“Digital Edge”) has published its first Green Finance Framework (the “Framework”). The Framework sets out guidelines for securing green financing to fund data center projects that aim to deliver positive environmental outcomes and which are aligned with the company’s broader ESG goals, including Digital Edge’s target to be a carbon neutral platform by 2030.

The new Framework includes four eligibility criteria which must be met in order for a project to qualify for green financing, namely energy efficiency, renewable energy, green buildings and sustainable water and wastewater management. Each eligibility category has associated impact indicators to measure the impact of green finance proceeds.

For example, for energy efficiency the Framework uses Power Usage Effectiveness (PUE) to assess eligibility. Only new investments in data center projects that meet the minimum threshold of an annualized design PUE of 1.30 or lower in cool climates and 1.40 or lower in warm climates will qualify for green financing under the Framework. Digital Edge’s two most recent facilities launched in 2024, both have an annualized design PUE of 1.25 or lower.

Commenting on the Framework, Digital Edge’s CFO Jonathan Walbridge said, “The publication of green financing guidelines so early in our company’s evolution speaks to the importance of ESG commitments to our business. Against a backdrop of fast-moving technological advancements to support increasingly power-hungry AI deployments, this Framework is an important tool to help us align our financing activities with the pursuit of our sustainability agenda and ensure we can unlock cost efficient capital”.

To ensure accountability, the Framework also sets out methods to monitor, track and report outcomes, specifically through the company’s ESG Steering Committee and annual ESG Report.

Digital Edge’s Framework has received an opinion from Moody’s Ratings, achieving an SQS2 sustainability score (very good). The Framework is aligned with internationally recognized green finance standards, including the International Capital Market Association’s (ICMA) Green Bond Principles (GBP) 2021, and the Green Loan Principles (GLP) 2023 jointly published by the Loan Market Association, the Asia-Pacific Loan Market Association and the Loan Syndications & Trading Association. Crédit Agricole CIB and ING Bank N.V. (“ING”) acted as joint Green Structuring Coordinators and assisted on the development of the Framework.

Carmen Tsang, Head of Sustainable Investment Banking for Greater China at Crédit Agricole CIB, said, “We congratulate Digital Edge on the successful launch of its Green Finance Framework, which establishes a commendable benchmark for the sector. The framework reflects Digital Edge’s dedication to sustainable innovation, and highlights their vital role in developing greener digital infrastructure, supporting Asia’s decarbonization journey.”

Andrew Chew, Director for Sustainable Finance Asia Pacific at ING, commented, “Our partnership with Digital Edge highlights ING’s commitment to empowering data center companies as they venture into the green finance market. Establishing a green finance framework and navigating the SPO process can be complex. However, with the support of a trusted bank offering seasoned expertise, companies can navigate these challenges with confidence and clarity.”

Digital Edge secured its first ever green loan last year in connection with the development of its recently launched data center in Seoul, SEL2, with a KRW 440 billion green financing, representing the first ever green loan for a data center project in South Korea. The company has confirmed that this previous loan adheres to, and is compliant with, its new Green Finance Framework.

Read the Green Finance Framework here.

Read the Moody’s second party opinion here.

About Digital Edge

Headquartered in Singapore, Digital Edge is a trusted and forward-looking data center platform company, established to transform digital infrastructure in Asia. Through building and operating state-of-the-art, energy-efficient data centers rich with connectivity options, Digital Edge aims to bring new colocation and interconnect options to the Asian market, making infrastructure deployment in the region easy, efficient and economical.

Digital Edge was founded by a seasoned senior management team with decades of industry experience and an established track record of value creation in the data center, cloud and telecommunications industries in the Asia Pacific region. Backed by leading alternative investment firm Stonepeak, Digital Edge has in excess of US$1 billion in deployed and committed capital, establishing itself as a market-leading pan-Asia data center platform. The company provides data center and fiber services across Asia, with a presence in India, Indonesia, Japan, Korea, Philippines and China. You can visit the company’s website at www.digitaledgedc.com.

Media Contacts

Digital Edge

Liane Cresswell, Director Corporate Communications
Liane.Cresswell@digitaledgedc.com / +852 5503 2522

View original content:https://www.prnewswire.com/apac/news-releases/digital-edge-publishes-green-finance-framework-302296109.html

SOURCE Digital Edge

Related Topics:
Continue Reading

Technology

Government of Canada expands support for artificial intelligence adoption and commercialization in the Prairie provinces

Published

1 second ago

on

October 22, 2026

By

Regional support through the expanded Regional Artificial Intelligence Initiative to boost AI adoption and bring Canadian-made AI solutions to market

EDMONTON, AB, Oct. 22, 2026 /CNW/ — Canada, with Alberta playing a leading role, helped pioneer modern artificial intelligence. The next step is to ensure Canadian businesses can put that technology to work and that Canadian AI companies can build, sell and scale their solutions. On the Prairies, expanded support will help businesses and organizations use AI to become more productive, competitive and resilient while building on the region’s strengths.

Today, the Honourable Eleanor Olszewski, Minister of Emergency Management and Community Resilience and Minister responsible for Prairies Economic Development Canada (PrairiesCan) announced the expansion of the Regional Artificial Intelligence Initiative in Alberta, Saskatchewan, and Manitoba.

Part of AI for All, Canada’s National Artificial Intelligence Strategy, the expansion adds $500 million over five years, bringing total federal funding for the initiative to $700 million. Delivered by Canada’s regional development agencies (RDAs), the expanded initiative will help businesses and organizations responsibly adopt and integrate AI technologies to improve productivity, competitiveness and resilience. Adoption support will place emphasis on projects in five priority sectors identified in Canada’s AI Strategy: health and life sciences, energy and natural resources, transportation, agriculture, and manufacturing and robotics, while also reflecting regional strengths and priorities.

The initiative will also help Canadian AI businesses gain customers, attract investment, and commercialize and scale Canadian-made products and services, while supporting organizations that provide small- and medium-sized enterprises with the specialized support they need to adopt or commercialize AI technologies.

In Alberta, Saskatchewan and Manitoba, PrairiesCan will support the adoption of AI to help Canadian business across priority sectors enhance productivity, growth, and competitiveness, increase AI productization and commercialization, and strengthen ecosystem enablement by supporting incubators, accelerators and other not-for-profits. Applications are open and will be accepted on a continuous basis until December 31, 2029, or until funding has been fully committed. Applicants are encouraged to submit expressions of interest as soon as possible for consideration under this initiative. 

Quotes

“Through the Regional Artificial Intelligence Initiative, our government is helping businesses across Alberta, Saskatchewan and Manitoba adopt AI, commercialize Canadian-made solutions and compete in a rapidly changing global economy. As part of AI for All, Canada’s National Artificial Intelligence Strategy, this initiative will boost productivity, competitiveness and resilience for Prairie businesses and drive lasting economic growth across the region.”
–The Honourable Eleanor Olszewski, Minister of Emergency Management and Community Resilience and Minister responsible for Prairies Economic Development Canada (PrairiesCan)

“Canada’s AI strategy is delivering results for businesses, workers and communities across the country. The Regional Artificial Intelligence Initiative is AI for All in action, accelerating responsible AI adoption, helping Canadian innovators bring their technologies to market and scale globally, and strengthening the regional ecosystems that turn innovation into economic growth. This investment will help secure Canada’s position as an AI leader and build a more productive, competitive and sovereign economy.”
–The Honourable Evan Solomon, Minister of Artificial Intelligence and Digital Innovation and Minister responsible for the Federal Economic Development Agency for Southern Ontario

Quick facts

The Government of Canada launched the original five-year, $200-million Regional Artificial Intelligence Initiative (RAII) in 2024. With the additional $500 million through the expanded and enhanced RAII, the total investment through the initiative is $700 million.The initiative will support broader access to the benefits and opportunities of AI for Indigenous Peoples, youth, underrepresented groups and communities across Canada.AI for All, Canada’s National Artificial Intelligence Strategy, supports accelerated AI adoption among Canadian businesses, with a particular focus on SMEs, and includes measures to expand access to financing, AI expertise and secure computing infrastructure, including through the LIFT program, the Compute Access Fund and other business supports.

Associated links

Regional Artificial Intelligence Initiative (RAII) in the Prairie Provinces – Canada.caPrairies Economic Development Canada (PrairiesCan)Regional Artificial Intelligence InitiativeCanada’s National Artificial Intelligence Strategy AI for All

Stay connected

Follow PrairiesCan on Facebook, Instagram and LinkedIn 

SOURCE Prairies Economic Development Canada

Continue Reading

Technology

Government of Canada expands support for artificial intelligence adoption and commercialization in the Prairie provinces

Published

1 second ago

on

October 22, 2026

By

Regional support through the expanded Regional Artificial Intelligence Initiative to boost AI adoption and bring Canadian-made AI solutions to market

EDMONTON, AB, Oct. 22, 2026 /CNW/ — Canada, with Alberta playing a leading role, helped pioneer modern artificial intelligence. The next step is to ensure Canadian businesses can put that technology to work and that Canadian AI companies can build, sell and scale their solutions. On the Prairies, expanded support will help businesses and organizations use AI to become more productive, competitive and resilient while building on the region’s strengths.

Today, the Honourable Eleanor Olszewski, Minister of Emergency Management and Community Resilience and Minister responsible for Prairies Economic Development Canada (PrairiesCan) announced the expansion of the Regional Artificial Intelligence Initiative in Alberta, Saskatchewan, and Manitoba.

Part of AI for All, Canada’s National Artificial Intelligence Strategy, the expansion adds $500 million over five years, bringing total federal funding for the initiative to $700 million. Delivered by Canada’s regional development agencies (RDAs), the expanded initiative will help businesses and organizations responsibly adopt and integrate AI technologies to improve productivity, competitiveness and resilience. Adoption support will place emphasis on projects in five priority sectors identified in Canada’s AI Strategy: health and life sciences, energy and natural resources, transportation, agriculture, and manufacturing and robotics, while also reflecting regional strengths and priorities.

The initiative will also help Canadian AI businesses gain customers, attract investment, and commercialize and scale Canadian-made products and services, while supporting organizations that provide small- and medium-sized enterprises with the specialized support they need to adopt or commercialize AI technologies.

In Alberta, Saskatchewan and Manitoba, PrairiesCan will support the adoption of AI to help Canadian business across priority sectors enhance productivity, growth, and competitiveness, increase AI productization and commercialization, and strengthen ecosystem enablement by supporting incubators, accelerators and other not-for-profits. Applications are open and will be accepted on a continuous basis until December 31, 2029, or until funding has been fully committed. Applicants are encouraged to submit expressions of interest as soon as possible for consideration under this initiative. 

Quotes

“Through the Regional Artificial Intelligence Initiative, our government is helping businesses across Alberta, Saskatchewan and Manitoba adopt AI, commercialize Canadian-made solutions and compete in a rapidly changing global economy. As part of AI for All, Canada’s National Artificial Intelligence Strategy, this initiative will boost productivity, competitiveness and resilience for Prairie businesses and drive lasting economic growth across the region.”
–The Honourable Eleanor Olszewski, Minister of Emergency Management and Community Resilience and Minister responsible for Prairies Economic Development Canada (PrairiesCan)

“Canada’s AI strategy is delivering results for businesses, workers and communities across the country. The Regional Artificial Intelligence Initiative is AI for All in action, accelerating responsible AI adoption, helping Canadian innovators bring their technologies to market and scale globally, and strengthening the regional ecosystems that turn innovation into economic growth. This investment will help secure Canada’s position as an AI leader and build a more productive, competitive and sovereign economy.”
–The Honourable Evan Solomon, Minister of Artificial Intelligence and Digital Innovation and Minister responsible for the Federal Economic Development Agency for Southern Ontario

Quick facts

The Government of Canada launched the original five-year, $200-million Regional Artificial Intelligence Initiative (RAII) in 2024. With the additional $500 million through the expanded and enhanced RAII, the total investment through the initiative is $700 million.The initiative will support broader access to the benefits and opportunities of AI for Indigenous Peoples, youth, underrepresented groups and communities across Canada.AI for All, Canada’s National Artificial Intelligence Strategy, supports accelerated AI adoption among Canadian businesses, with a particular focus on SMEs, and includes measures to expand access to financing, AI expertise and secure computing infrastructure, including through the LIFT program, the Compute Access Fund and other business supports.

Associated links

Regional Artificial Intelligence Initiative (RAII) in the Prairie Provinces – Canada.caPrairies Economic Development Canada (PrairiesCan)Regional Artificial Intelligence InitiativeCanada’s National Artificial Intelligence Strategy AI for All

Stay connected

Follow PrairiesCan on Facebook, Instagram and LinkedIn 

SOURCE Prairies Economic Development Canada

Continue Reading

Technology

Piermont Bank and MassPay Partner to Advance Payments for Growing Businesses

Published

4 seconds ago

on

October 22, 2026

By

Partnership pairs Piermont’s embedded banking capabilities with MassPay’s global payout expertise to support evolving business payment needs at home and abroad

NEW YORK, Oct. 22, 2026 /PRNewswire-PRWeb/ — Piermont Bank, a digital-first commercial bank, today announced a partnership with MassPay, a fintech and global payout orchestration platform, to help growing businesses move money with speed and confidence, both domestically and across borders.

At Piermont, we believe banks should provide the trusted financial infrastructure that allows fintech innovators to focus on what they do best—building solutions around their customers’ needs, said Wendy Cai-Lee, CEO and Founder, Piermont Bank.

As businesses grow and expand across markets, they face increasingly complex payment demands—from paying suppliers and marketplace sellers to compensating contractors and distributed workforces through a growing range of payment methods. This partnership brings together Piermont’s robust embedded banking capabilities, including payment rails and settlement services, with MassPay’s payout orchestration platform, which supports payments across more than 180 countries. By combining their respective strengths, the two companies aim to advance payment solutions that keep pace with the evolving needs of growing businesses.

“Successful bank–fintech partnerships start with understanding what each partner does best and how those strengths can come together to solve real business challenges,” said Wendy Cai-Lee, Founder and CEO of Piermont Bank. “At Piermont, we believe banks should provide the trusted financial infrastructure that allows fintech innovators to focus on what they do best—building solutions around their customers’ needs. Our partnership with MassPay reflects that philosophy, combining the strength of regulated banking with specialized payment technology to support business growth.”

MassPay has experienced significant growth in demand for its payout solutions, reporting a 510% year-over-year increase in payout volume in the third quarter of 2026, an indicator of the growing industry need for payout services. As businesses increasingly require flexible payment capabilities across domestic and international markets, the partnership reflects a shared commitment to supporting their evolving financial needs, and by doing so, the parties advance their shared vision to enable SMBs to scale.

“Going cross-border can grow a business significantly, but it often feels like a huge task, and even companies already working internationally end up expanding market by market because of onboarding and compliance hurdles,” said Ran Grushkowsky, CEO of MassPay. “Our partnership with Piermont Bank closes that gap, giving growing businesses one path to pay people in 180 countries.”

The collaboration underscores Piermont’s commitment to advancing bank–fintech partnerships through its embedded banking platform, enabling fintech companies to build and scale specialized financial solutions while leveraging the bank’s regulated infrastructure and banking expertise.

About Piermont Bank

Piermont Bank is a digital commercial bank with a mission to serve fast growing companies at the speed they need. As the first cloud native commercial bank in the U.S., Piermont was built with modern technological infrastructure that allows us to operate with greater flexibility, efficiency, and scalability. We combined commercial banking expertise with innovative technology to deliver integrated and customized solutions to fast growing companies. At Piermont, we are purpose-driven, responsive and practical, building a bank for today’s entrepreneurs and tomorrow’s industry giant. More information can be found at www.PiermontBank.com, or contact hell@PiermontBank.com

About MassPay

We care about your people getting paid, everywhere. MassPay is a global financial platform that lets businesses move money instantly, compliantly, and at scale. With a single, easy-to-integrate API, MassPay connects businesses to local rails, stablecoins, mobile wallets, and real-time payout methods across 180 countries, including bank transfers, digital wallets, debit cards, cash pickup, and crypto. With embedded compliance and KYC, no contract lock-in, and no fees on failed transactions, MassPay serves marketplaces, direct selling organizations, creator platforms, and any business that needs reliable, scalable global payouts. Learn more at masspay.io.

Media Contact

Bill McCue, Piermont Bank, 1 7182087391, bill.mccue@gmail.com, www.piermontbank.com

View original content:https://www.prweb.com/releases/piermont-bank-and-masspay-partner-to-advance-payments-for-growing-businesses-302916899.html

SOURCE Piermont Bank

Continue Reading

Trending