Joe Walsh

AIIB makes $100m loan for Indian renewables

The Asian Infrastructure Investment Bank (AIIB) has agreed to provide $100 million in loans to L&T Infrastructure Finance (LTIF), an Indian financier of renewable energy. It is the AIIB's first loan to a non-banking finance company.

Finnish renewables fund reaches first close at €220m

Finnish renewables developer and fund manager Taaleri Energia has announced the first close of its Taaleri SolarWind II fund at €220 million ($247.9 million).

People Moves: Goldman Sachs, GRI, Metzler

Updated Methodology to change ESG rating of 85% of Morningstar funds

As many as 85% of the funds covered by Morningstar will have their environmental, social and governance (ESG) ratings changed when the methodology of its Morningstar Sustainability Rating (MSR) is updated, expects John Hale, head of the firm's sustainable research.

20% of Hong Kong companies sustainability compliant

Only 20% of Hong Kong's largest companies have good compliance with international sustainability guidelines, according to Standard Ethics.

NatWest creates new ESG framework

NatWest Markets (NWM) has established a new environmental, social and governance (ESG) framework to facilitate investments from corporate and institutional investors into a high ESG portfolio.

Only 30% of companies in line with Paris pledges, says TPI

Only 30% of high emitting companies are reducing their carbon emissions in line with pledges made in the Paris Agreement through the nationally determined contributions (NDCs), according to a report by the Transition Pathway Initiative (TPI).

EIB and Amundi to launch €1bn Green Credit programme

The European Investment Bank (EIB) and Amundi are to launch a €1 billion ($1.12 billion) programme to foster the development of the green debt market beyond the existing green bonds.

Tobam to reduce carbon footprint in fixed income portfolios

French asset manager Tobam aims to reduce the carbon footprint of its fixed income portfolios, to at least 20% below that of their reference benchmarks.

Latest GCF meeting commits $266.9m across 10 projects

The Green Climate Fund (GCF) has agreed to invest $266.9 million in 10 more projects in emerging markets. Alongside co-financing, the commitments will see over $1.4 billion invested for low-emission, climate-resilient development.