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Investor support for Mizuho Financial climate resolution grows
23 June 2020Mizuho Financial faces growing pressure as more investors back a shareholder resolution calling on the bank to disclose its climate risks and publish a plan to align investments to the Paris Agreement.
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Transition finance guidelines to be published 'by end of year'
23 June 2020A working group convened by the International Capital Market Association (ICMA) exploring the theme of 'climate transition finance' expects to publish guidelines by the end of the year, but stopped short of saying when a formal set of principles might be launched.
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Cleantech Solar secures $75 million green loan
23 June 2020Cleantech Solar has signed a $75 million green loan with the Singapore branch of Dutch lender ING Bank, the largest Asian green facility for commercial and industrial rooftop solar projects.
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PG&E gets approval for $11bn wildfire insurer settlement
23 June 2020Pacific Gas & Electric (PG&E), the failed utility company held responsible for the 2018 Camp wildfire in California, has received court approval to enter into a $11 billion settlement with insurers.
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Social bond growth outstrips green bonds - S&P
23 June 2020Social bonds will grow faster than green bonds this year, as issuers deploy the model to help finance coronavirus pandemic response measures, according to S&P Global Ratings.
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EU carbon market update: 22 June 2020
23 June 2020One or more longer-term investors and speculative capital seem to be driving EU Allowance prices at present, as fundamental factors remain bearish, says Tom Lord*.
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Olam signs $250m sustainability-linked loan
22 June 2020Olam has signed sustainability-linked revolving credit facility (RCF) worth $250 million, the third sustainability-linked loan the food and agriculture firm has signed over the last two years.
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Rockefeller Foundation considering racial equity screening of grants
22 June 2020The Rockefeller Foundation is examining ways it can introduce an "equity screen" on the grants it provides to help grow businesses that have a positive social or environmental impact.
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Soilbuild REIT signs maiden SGD80m green loan
22 June 2020A Singaporean real estate investment trust (REIT) signed its inaugural green loan, worth SGD80 million ($57 million) with RHB Bank Berhad and OCBC Bank.
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Hong Kong exchange launches sustainable bond platform
22 June 2020Hong Kong Exchanges and Clearing (HKEX) has launched the HKEX Sustainable and Green Exchange, to be known as 'Stage'.