Ahren Lester

JP Morgan Chase given bloody nose by climate resolution

JP Morgan Chase experienced a significant revolt from investors against its climate change position after nearly half voted in support of a shareholder resolution urging the US bank to align its financing to the Paris Agreement.

HSBC and IFC real economy green bond fund raises $470m

HSBC Global Asset Management (HSBC GAM) and the International Finance Corporation announced their green bond fund targeting "real economy" assets has raised more than $470 million following its third close.

Banks' fossil fuel commitments accelerate as pressure intensifies

Shell climate resolution support welcomed by green investor group

Support for a shareholder resolution demanding Anglo-Dutch oil supermajor Royal Dutch Shell set carbon intensity targets more than doubled compared with a similar resolution in 2018, but still failed to secure enough votes to pass.

Siemens Gamesa inks medical research supporting bank guarantee

Wind turbine maker Siemens Gamesa signed an innovative €600 million bank guarantee line to cover the component construction for the world's largest offshore wind farm, with the premium on the deal used to finance a cancer research project.

Coalition of 42 global faith groups divest from fossil fuels

Over 40 religious institutions with more than £1.1 billion ($1.3 billion) in assets under management have agreed to divest from fossil fuel companies, in the largest ever joint announcement by faith organisations.

SUSI Partners raises €289m at energy efficiency fund close

Swiss asset manager SUSI Partners secured €289 million ($313 million) in investor commitments on the final close of its second energy efficiency fund, slightly short of its target following the economic turmoil wrought by the coronavirus (Covid-19) crisis.

Green investor group hails Equinor climate resolution progress

Support for a shareholder resolution demanding Norwegian oil company Equinor to set carbon intensity targets more than doubled, but majority owner, the state of Norway, kiboshed the proposal.

Deutsche Bank sets 'ambitious' sustainability targets

Deutsche Bank outlined targets which will see the German lender boost sustainability assets to over €200 billion ($217 billion) by 2025 and issue its first green bond.

Nasdaq launches ESG impact tracking tool

Nasdaq has launched a tool to help clients track the environmental, social and governance (ESG) impact of their portfolios and individual investments.