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EU set to announce legislative proposals on sustainability taxonomy
23 May 2018The first legislative proposals on the European Union’s Sustainable Finance Action Plan will be released tomorrow, and are expected to give a firmer indication of its plans for its long-awaited taxonomy.
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Top investors put pressure on Shell, but climate resolution rejected
22 May 2018Royal Dutch Shell faced mounting pressure from investors to set concrete targets to reduce greenhouse gas (GHG) emissions at its annual general meeting (AGM) but a climate-related shareholder resolution was rejected.
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Renewi converts €550m banking facility to ‘green loan’
22 May 2018Renewi has converted its main €550 million ($650 million) banking facility into a green loan, paving the way for green bond and green debt placements in the future.
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Standardisation of scenarios is necessary for oil & gas, Carbon Tracker says
21 May 2018A common reference scenario for the oil & gas sector is needed to boost comparability, said Carbon Tracker, after its analysis exposed large disparities in companies’ consideration of the potential impacts of climate change.
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Enel Green Power prepares €280m investment in renewables in 2019
21 May 2018Enel Green Power Espana (EGPE), a subsidiary of Spanish energy group Endesa, has revealed plans to splash out €280 million ($329.6 million) on building solar plants and wind farms next year.
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People moves: Montanaro Asset Management, UNEP Finance Initiative, Beyond Ratings and Lekela
18 May 2018Montanaro Asset Management has set up an advisory committee for its Better World Fund, to be chaired by Michael Sheren, senior advisor within the Bank of England's Prudential Regulation Authority.
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$10trn of investors urge oil and gas companies to ramp up climate efforts
18 May 2018Sixty big investors have urged the oil and gas industry to take responsibility for all its emissions, as some of the sector’s most powerful players prepare for their annual shareholder meetings.
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Bank of America completes largest green bond issue, of $2.25bn
18 May 2018Bank of America Corporation has raised $2.25 billion from its largest green bond issue, in a twice over-subscribed transaction to fund renewable energy projects.
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Affirmative's new impact bond fund kicks off with $30m
17 May 2018Affirmative Investment Management (AIM) has launched an impact fund to be focused on short-term bonds.
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Board governance drives sustainability performance but companies still "have work to do"
17 May 2018Many large companies' governance of sustainability issues is rudimentary or piecemeal, a Ceres study has found.