Archive

Divest from oil and gas by 2023, £12bn Church of England instructed

The Church of England has agreed to divest from oil and gas firms by 2023 unless they can demonstrate sufficient efforts to mitigate the effects of climate change.

Moody’s predicts sharp increase in sovereign green bonds

Many more sovereign green bonds are likely in coming years, predicts Moody’s Investors Service.

Japanese and London Stock Exchange link to promote sustainable investment

London Stock Exchange Group (LSEG) and Japan Exchange Group (JPX) have jointly agreed to develop financial market infrastructure initiatives to promote sustainable investment globally.

London launches £500m public/private energy efficiency fund

A £500 million ($667 million) fund, backed by public and private capital, has been launched to improve the energy efficiency of public buildings and small businesses in London.

People Moves: Tideway, CalSTRS and Nature Conservancy

Equinor buys energy trading company in move toward cleaner fuels

Oil and gas company Equinor has acquired power and gas trader Danske Commodities (DC), as it looks to shift its business model toward cleaner fuels.

Channelling capital into forest conservation

A significant increase in the level of private finance being channelled into forest conservation is required in order to meet the aims of the Paris Agreement, a roundtable organised by Environmental Finance and Finance for Forests heard. Michael Hurley reports

Sovereign wealth funds worth $3trn devise climate framework

Six of the biggest sovereign wealth funds, with a combined $3 trillion in assets, have come together to launch a framework on how to integrate climate change into their investment decisions.

Impax assets rise by 7% in third quarter

Impax has grown its assets under management (AUM) to £11.8 billion ($15.6 billion), an increase of 7% compared with the previous quarter.

AccorHotels signs €1.2bn sustainability-linked loan

A consortium of 15 banks has signed a deal with AccorHotels to link the interest rate on a €1.2 billion ($1.4 billion) loan to the hospitality company’s sustainability performance.