Archive

Forest fund exceeds £100m target

The Gresham House Forest Growth & Sustainability Fund has reached its first close, with £127 million in subscriptions, exceeding its initial target of £100 million

Deutsche Bank's tightened fossil fuel policy judged 'unambitious'

Deutsche Bank has tightened its fossil fuel policy to include exiting from coal mining investments by 2025, strengthening its stance towards coal power and restricting oil and gas sector financing - but campaigners continued to criticise the lender for its lack of ambition.

National Grid signs $740m green loan from export agencies

National Grid has signed a green loan worth $743 million to help fund the construction of an electricity interconnector between Denmark and the UK, believed to be the first covered green loan to be signed with more than one export credit agency.

HSBC closes coal project funding loophole as pressure mounts

HSBC has closed a controversial loophole which allowed the bank to continue to fund coal projects in three countries, but campaigners continued to push for coal funding to be withdrawn altogether.

Barclays tightens climate policy amid shareholder pressure

Barclays has announced an ambition to be net-zero carbon emissions by 2050 across its lending activities, but campaigners are pushing for commitments to faster progress.

RBS targets halving emissions from financing activity by 2030

The UK's Royal Bank of Scotland Group (RBS) pledged to halve the climate activity of its financing activity by 2030 - although it admitted that it does not know how it will achieve the goal.

Lloyds targets halving emissions from loan book by 2030

Solarcentury secures €55m facility to fund Spanish solar plant construction

Solar energy firm Solarcentury has secured facilities worth €54.8 million ($61.3 million) from a pair of UK banks to help fund the construction of two solar plants in Spain.

Bonds round-up: KfW, DKB, Orsted, RBS ... and more

Lloyds Bank to stop financing new coal plants

Lloyds Banking Group will not fund new coal-fired power stations or thermal coal mines, or bank new clients which derive most of their revenue from such operations, it has said.