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Finnish pension fund slashes equities carbon footprint by 25%
07 May 2018The €23.1 billion ($27.6 billion) Finnish pension fund Elo reduced the carbon footprint of its listed equities by 25% year-on-year in 2017.
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People moves, 4 May 2018: RobecoSAM, Mercer
04 May 2018RobecoSAM changes CEO as part of restructure
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Allianz to walk away from coal by 2040
04 May 2018The world’s biggest insurer, Allianz, said it will turn its back on coal by 2040, both in its underwriting and investment arms.
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Barclays launches ‘green trade loan’ product
04 May 2018Barclays has launched a green trade loan product, designed to help meet clients’ working capital needs when pursuing sustainable trading activities.
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ISS-Oekom to extend coverage of forward-looking impact assessment tool
04 May 2018ISS-Oekom will extend the scope of a ‘forward-looking’ tool it uses to evaluate the impact of companies’ contributions to environmental, social and governance (ESG) objectives.
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Rio Tinto shareholders in largest ever vote for climate resolution
03 May 2018Investors with a combined $4 billion of shares in Rio Tinto have recorded the largest vote for a climate change-related resolution, without board support, in Australian corporate history.
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Luxembourg Green Exchange extended to SRI funds
03 May 2018Luxembourg Stock Exchange has opened up its ‘green exchange’ to socially responsible investment (SRI) funds.
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Green bond comment, May: It's all about impact!
02 May 2018Is the green bond market evolving into the impact bond market?
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Green bonds round-up, 2 May
02 May 2018DTE Electric, an electricity utility based in Detroit, Michigan, has entered the green bond market with a $525 million, 30-year issue. It pays a coupon of 4.05% and was priced at 97 basis points over US Treasuries, giving a yield to maturity of 4.076%. The issue has been rated Aa3, A and A+ by Moody's, S&P Global and Fitch, respectively.
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Ontario government backs latest Emerald cleantech fund
02 May 2018The Ontario Capital Growth Corporation (OCGC) has committed CAD35 million ($27 million) to the latest cleantech fund from Zurich-based Emerald Technology Ventures.