Archive

Sustainalytics CEO defends pure-play green bond

Sustainalytics has defended its decision to give a second party opinion to a green bond for general corporate purposes, reigniting the debate about whether so-called pure-play companies should be able to access the market.

Largest private pension scheme in UK announces first divestments

The Universities Superannuation Scheme (USS) has announced it will not invest in tobacco, coal, and controversial weaponry firms under its exclusions policy, though campaigners are pressing for the £68 billion ($84 billion) fund to divest from other fossil fuel firms.

Glennmont fully divests from Clean Energy Fund 1

Glennmont Partners has completed the sale of its Sleaford Renewable Energy Plant to Greencoat Capital, divesting the last remaining asset of its €437 million ($485 million) Clean Energy Fund I.

Renewables insurers win new backing

US-based Tokio Marine HCC has completed its acquisition of GCube, a specialist underwriter of renewable energy risks. The price paid was not disclosed.

Total becomes next oil major to feel shareholder climate pressure

French supermajor Total has become the latest oil firm to face rising pressure from shareholders at its annual general meeting (AGM) over it environmental ambitions.

People Moves, 29 May: Candriam; Yes Bank; Sean Kidney; IIRC; Element Markets; The Path; DCO Energy; J Streicher; IADB; Vivid Economics; ShareAction; ImpactAssets; Artemis

BBVA issues €1bn Covid-19 bond

Spanish financial services company BBVA has priced a €1 billion ($1.1 billion) Covid-19 social bond, making it the first private financial institution in Europe to do so.

Chinese regulators to exclude 'clean' fossil fuels from green bond standard

Chinese regulators propose to exclude controversial 'clean' fossil fuel projects from their list of eligible green bonds.

Scor joins Net-Zero Asset Owner Alliance

Advances disinvestment from coal, total withdrawal by 2040

€6trn investor group backs call for biodiversity impact framework

Investors with a combined €6 trillion ($6.6 trillion) in assets have backed a call for the development of a methodology to assess physical impacts on biodiversity of investments and corporate behaviour.