-
Snam issues maiden €500m 'transition' bond after 'climate action' criticism
12 June 2020Italian energy infrastructure firm Snam has raised €500 million ($567 million) through its inaugural 'transition bond' to finance or refinance energy transition projects, just over a year after its 'climate action bond' attracted controversy.
-
Asset managers neglecting risks of biodiversity loss, says ShareAction
11 June 2020None of the world's 75 largest asset managers has a dedicated policy on biodiversity, according to a survey conducted by responsible investment charity ShareAction.
-
Chinese green bond standard update a 'great signal' to market
11 June 2020After years of misalignment with global green bond standards, the new proposals from Chinese watchdogs should clear the way for greater green bond issuance. Ahren Lester reports
-
Impact market surges 40% to $715 billion, GIIN says
11 June 2020The global market for investments made with an intent to generate measurable positive impact alongside financial returns grew by about 40% to $715 billion last year, according to estimates by the Global Impact Investing Network (GIIN).
-
Private equity firm EQT enters €5bn ESG-linked loan facility
11 June 2020Private equity firm EQT has entered into an environmental, social and governance (ESG)-linked, fund-level bridge facility of up to €5 billion ($5.7 billion) with a syndicate of more than 15 lenders, including BNP Paribas and SEB.
-
Cubico refinances solar project with €250m green loan
11 June 2020Cubico Sustainable Investments has achieved financial close on the refinancing of the 50MW Arenales concentrated solar power (CSP) project in Seville, Spain.
-
Link REIT secures HK$1bn sustainability-linked loan
11 June 2020Hong Kong-based Link Asset Management Limited, manager of Link Real Estate Investment Trust (REIT), has signed a five-year sustainability-linked loan of HK$1 billion ($130 million) from OCBC Bank.
-
Ford Foundation to issue $1bn in social bonds in response to Covid-19
11 June 2020The Ford Foundation is set to issue bonds worth $1 billion with a 'social' label, in a departure from the organisation's usual avenues of fundraising, according to a report by The New York Times.
-
Impact debt fund poised to raise €400m
11 June 2020The manager of a debt fund that links the cost of its lending to pre-agreed environmental and social 'key performance indicators' (KPIs) has said the fund is poised to attract €400 million ($455 million) in commitments.
-
Aviva Investors launches second climate transition equity fund
10 June 2020Invests in companies with goods and services associated with climate change mitigation