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Asset owners with $12.5trn of AUM warned on climate change
27 April 2017Asset owners with $12.5 trillion of assets under management (AUM) are still failing to demonstrate they are taking action to mitigate climate risk, and have been warned "the time may be approaching when it is too late to avoid portfolio losses".
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Total outstanding green bond issuance speeds past $200bn
26 April 2017A record breaking first quarter helped total outstanding green bond issuance smash the $200 billion figure, according to the Green Bond Database published by Environmental Finance.
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S&P launches beefed-up green bond evaluation tool
26 April 2017S&P Global has launched its long-awaited Green Evaluation Tool after beefing-up the list of mitigation projects it can assess.
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Axa's investment arm follows insurer in coal divestment
25 April 2017Axa Investment Managers (IM) has followed in the footsteps of its insurance arm by committing to divest its holdings in companies that derive 50% or more of their revenues from coal.
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BBVA makes second green loan to Acciona
25 April 2017BBVA has signed a $100 million green-labelled loan agreement with Acciona to partially fund solar and wind projects in Chile
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8point3 a strategic sale, but Atlantica may be broken-up, says UBS
24 April 2017As the parent sponsors of 8point3 Energy Partners (CAFD) and Atlantica Yield (ABY) prepare to sell their stakes, the future of the two yieldcos may be quite different, said an analysist for UBS.
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Chile's first green bond issued
24 April 2017Pulp paper manufacturer Empresas CMPC has issued the first green bond from a Chilean issuer, raising $500 million.
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ING loan to Philips incentivises greater sustainability
21 April 2017ING has led a group of banks in an innovative loan deal with Philips that links the interest paybable on the loan to the electroics giant's sustainability performance.
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27 CEOs back TCFD recommendations
21 April 201727 CEOs from major corporations have committed to implement the draft recommendations laid out by the Financial Stability Board's Task Force on Climate-related Financial Disclosures (TCFD).
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Corporate pension plan sustainability guide launched
21 April 2017Two of the world's largest business-led sustainability initiatives, the UN-supported Principles for Responsible Investment (PRI) and UN Global Compact, have partnered to create a guide for making corporate pension funds more sustainable.