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First green bond to secure drinking water by buying forests proposed
07 October 2020Central Arkansas Water (CAW) is preparing an innovative $31 million US municipal green bond, believed to be the first to buy and protect forests in order to secure clean drinking water.
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MACIF launches €20m impact asset manager
07 October 2020French mutual insurer MACIF has launched MACIF Impact ESS, an asset manager focused on impact investment.
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'Climate endowment' launches €500m hydropower fund
07 October 2020A 'climate endowment' looking to replicate the alternative investment strategies of Harvard and Yale universities has launched a hydropower impact fund targeting €500 million ($588 million) in investments.
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Eiopa consults on climate risk scenarios in insurers' Orsas
07 October 2020The European Insurance and Occupational Pensions Authority (Eiopa) has published a consultation on the use of climate change risk scenarios in insurers' own risk and solvency assessments (Orsas).
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Push for UK 'green+' sovereign bond gathers momentum
07 October 2020 -
First US muni green bond to be listed on London Stock Exchange
06 October 2020The San Francisco Public Utilities Commission (SFPUC) will tomorrow list a $342 million taxable green bond on the London Stock Exchange.
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WWF launches water risk scenarios
06 October 2020The World Wide Fund for Nature (WWF) has released a set of scenarios intended to help companies and investors assess water risks and build resilience into activities or portfolios.
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BlackRock's iShares launches first climate-risk adjusted government bond fund
06 October 2020BlackRock has launched a product that is believed to be the first climate-risk-adjusted exchange-traded fund (ETF) to invest in government bonds.
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CBL Markets announces first trades of new carbon offset contract
06 October 2020Commodities spot exchange CBL Markets has announced the first trades of the Global Emissions Offset (GEO) - a new carbon contract that sets a price on one metric tonne of CO2 equivalent (1 mtCO2e) based on real-time transactions.
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EU Green Bond Standard could hinder market growth, warns ICMA
05 October 2020The International Capital Market Association (ICMA) has warned that aspects of the EU's planned green bond standard could drive up costs and hinder the market's growth.