Archive

UK housing association signs £75m sustainability-linked loan

Sustainability reports should be mandatory, say investors

More than 80% of investors “support legal mandates requiring companies to issue sustainability reports” and two-thirds of company executives agree with them, according to a survey by consultancy McKinsey & Co.

GPIF’s green bond investments surpass $1bn

Japan’s Government Pension Investment Fund (GPIF) has grown its portfolio of green bond investments to more than $1 billion – less than half a year after it first bought green notes.

Warsaw Stock Exchange to launch ESG index

The Warsaw Stock Exchange (GPW) will publish a new index, incorporating environmental, social and governance (ESG) considerations into the exchange's largest stocks.

Australian flood losses continue to rise

Property insurance losses resulting from widespread flooding earlier this year in Townsville, in northern Australia, have risen to AUD1.2 billion ($800 million), according to catastrophe loss modeller Perils.

Japanese regulator to review stewardship code for institutional investors

Japan’s financial regulator, the Financial Services Agency (FSA), is to review the Japanese stewardship code to solicit more effective stewardship activities by institutional investors, according to commissioner Toshihide Endo.

ING launches sustainability-linked swap contract

ING has structured an interest rate swap in which the payments by the client will be determined, in part, by an assessment of its environmental, social and governance (ESG) achievements.

EU Carbon Market Update, 12 August 2019

If the current weakness in EU Allowance prices leads to significant improvements in the generation spreads, utilities will quickly push prices higher, says Louis Redshaw.

GIG acquires 40% of 714MW wind farm for £1.6bn

The Green Investment Group (GIG) has invested £1.6 billion ($1.9 billion) in a 714MW wind farm in the UK, acquiring a 40% stake from Spanish utility Iberdrola.

Study aims to uncover investor attitudes to natural capital investments

A study of the level of investment from private financial institutions into natural capital has been launched by Environmental Finance in partnership with The Nature Conservancy.