Archive

Green and sustainability-linked loan round-up: CIP, Siemens Gamesa and more

Siemens Gamesa inks medical research supporting bank guarantee

Wind turbine maker Siemens Gamesa signed an innovative €600 million bank guarantee line to cover the component construction for the world's largest offshore wind farm, with the premium on the deal used to finance a cancer research project.

Siemens Gamesa links €2.5bn loan to sustainability performance

Wind turbine manufacturer Siemens Gamesa has agreed to link the margin on its main financing facility to its performance against sustainability criteria.

ESG adoption declines amid concerns of its merits, RBC survey

The rate of investors adopting environmental, social and governance (ESG) into their strategies has declined over the last year, according to a survey by Royal Bank of Canada General Asset Management (RBC GAM). RBC GAM also found investors who were unsure of the ability of ESG adoption to manage risk rose as did the percentage of those who believed an ESG strategy would perform worse than a non-ESG one.

People Moves: Nature Conservancy, UBS, Premier Asset Management, AP6, LuxFLAG

NGO the Nature Conservancy has announced board directors and leadership members.

BMO GAM's SDG fund on the power of engagement

Jamie Jenkins of BMO Global Asset Management (GAM) speaks to Elena K. Johansson about how its fund creates value by talking with companies about making their businesses more sustainable.

Investment opportunities identified to help reduce plastic ocean waste

A guide to help identify and evaluate investment opportunities that reduce plastic pollution of the oceans has been produced by newly founded investment management firm Circulate Capital.

Boston Common withdraws climate resolutions with Verizon and Home Depot

Boston Common Asset Management has withdrawn its climate-related shareholder resolutions with Verizon Communications and The Home Depot after reaching agreements with the companies.

Green Investment Group closes €270m Swedish wind project

Macquarie's Green Investment Group (GIG) has reached a €270 million ($310 million) financial close on an onshore wind project backed by one of the longest corporate wind power purchase agreements (PPAs) in existence.

SUSI renewables fund backs Norwegian wind project

The €382 million ($445 million) SUSI Renewable Energy Fund II has bought an 80% equity stake in a 208MW wind energy project in Norway, for an undisclosed sum.