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People Moves, 5 January: European Investment Bank, EdenTree, Kartesia, WesterHayes

News round-up: Ontario Teachers' Pension Plan commits to net-zero, EIB says 'gas is over', pension funds' climate demands for UK government ... and more

EIB fossil fuel lending phase-out hailed as ‘crucial milestone'

The European Investment Bank (EIB) has committed to phase out lending to most fossil fuel projects by 2022, in a move that has been hailed as a crucial milestone in achieving the goals of the Paris Agreement.

Spain's ICO to join Clean Oceans Initiative

Spanish development bank, Instituto de Credito Oficial, has commitment to join the Clean Oceans Initiative which aims to finance €2 billion ($2.2 billion) of projects targeting marine pollution, particularly plastic waste.

GPIF to invest in more CAB bonds to boost standardisation

Japan's Government Pension Investment Fund (GPIF) is to invest in "larger amounts" of climate awareness bonds (CABs) and sustainability awareness bonds (SABs) from the European Investment Bank (EIB) and help boost standardisation, an EIB spokesman said.

Development banks eye private capital to tackle plastics pollution

The European Investment Bank (EIB), Agence Française de Developpement (AFD) and Germany’s KfW are joining forces to support an initiative that they hope will ‘crowd-in’ private capital to reduce plastic pollution of the oceans.

Rabobank and EIB expand 'impact loan' programme to €600m

Rabobank is to make an additional €250 million ($293 million) available to 'environment-conscious' companies in the Netherlands, in the form of 'impact loans' with preferential interest rates.

EIB prepares sustainability bond

The European Investment Bank (EIB) is preparing to issue a sustainability awareness bond to support projects in the water, health and education sectors.

ING and EIB create €300m facility for green shipping

ING has teamed up with the European Investment Bank (EIB) to support green shipping investments with a €300 million ($371.5 million) facility.