Ahren Lester

Ford raises $15bn in first sustainability-linked facilities from a US automaker

Ford Motor Company has signed sustainability-linked revolving credit facilities worth a combined $15.5 billion, making it the first US automaker to tie its facilities to sustainability performance targets and one of the largest borrowers globally through this type of instrument.

UK green gilt uncovers 'pent-up' sterling green bond demand

Norwegian oil fund exits four traditional Chinese medicine firms

The giant Norwegian oil fund has excluded four traditional Chinese medicine firms from investment due to the "unacceptable risk" that they cause "serious" environmental damage through their use of body parts of threatened species.

TNFD kicks off 2023 framework plan as working group members appointed

More than 100 institutions have signed up to support the Taskforce on Nature-related Financial Disclosure (TNFD), with 30 members appointed to lead the development of the framework, which is expected to be finalised in 2023.

BlackRock buys physical climate risk model unit from Rhodium

US asset manager BlackRock has acquired the physical climate risk models from research firm Rhodium to expand the climate analytics capability of its Aladdin investment software, according to an internal memo seen by Environmental Finance.

Loan round-up: Metso Outotec, SCG Packaging, CapitaLand, Toyota, HSBC ... and more

Bond round-up: Enel, Iceland, NRW.BANK, CTP, B3, Coca-Cola FEMSA ... and more

New York Fed climate stress test demonstrates 'substantial' risk for banks

Researchers at the Federal Reserve Bank of New York have published a transition risk-focused climate stress test metric for banks, which demonstrated climate risk was "economically substantial" for some lenders during the 2020 energy crisis.

Blockchain-backed carbon credit launched to 'resolve' double-counting headache

Cyberdyne Tech Exchange (CTX) has launched an asset-backed blockchain carbon offset credit which it claims "resolves" the challenge of avoiding 'double-counting' of credits, with a Hong Kong private equity firm buying the first tranche of credits.

COP26: Self-interest to help settle critical climate ambition and 'who pays' questions

A rising global realisation that it is in the self-interest of each country to deliver climate action could help settle the thorny questions at the UN COP26 climate summit in November of ambitious targets and who funds transition investment in developing nations.