Archive

Renewi converts €550m banking facility to ‘green loan’

Renewi has converted its main €550 million ($650 million) banking facility into a green loan, paving the way for green bond and green debt placements in the future.

Government revenues from carbon pricing soar

Carbon pricing mechanisms – including both taxes and emissions trading systems – brought in $33 billion for governments around the world last year, a rise of 50% since 2016, the World Bank said.

EU carbon update, 21 May 2018

Report your impact on all of the SDGs, not one or two, urges WWF

The trend that sees companies and investors identify which of the Sustainable Development Goals (SDGs) their activities support was criticised by the President of WWF, who said: "You either have to be the champion of [all of] the SDGs or not".

North America lags Europe in applying ESG to smart beta, says FTSE Russell

Asset owners in Europe are considering applying environmental, social and governance (ESG) considerations to smart beta strategies in far greater numbers than those in North America, a survey by FTSE Russell showed.

Standardisation of scenarios is necessary for oil & gas, Carbon Tracker says

A common reference scenario for the oil & gas sector is needed to boost comparability, said Carbon Tracker, after its analysis exposed large disparities in companies’ consideration of the potential impacts of climate change.

Enel Green Power prepares €280m investment in renewables in 2019

Enel Green Power Espana (EGPE), a subsidiary of Spanish energy group Endesa, has revealed plans to splash out €280 million ($329.6 million) on building solar plants and wind farms next year.

People moves: Montanaro Asset Management, UNEP Finance Initiative, Beyond Ratings and Lekela

Montanaro Asset Management has set up an advisory committee for its Better World Fund, to be chaired by Michael Sheren, senior advisor within the Bank of England's Prudential Regulation Authority.

$10trn of investors urge oil and gas companies to ramp up climate efforts

Sixty big investors have urged the oil and gas industry to take responsibility for all its emissions, as some of the sector’s most powerful players prepare for their annual shareholder meetings.

TCFD webinar: Banks' response to climate risk is just beginning

Banks are in "the early days" of understanding and addressing the climate risks in their portfolios, a webinar hosted by Environmental Finance heard.