News

• Polman, Campanale nominated for Sustainable Business Leader award

  31 March 2014

  Paul Polman, CEO of Unilever and Mark Campanale, founder and executive director of the Carbon Tracker Initiative, have been named by the UK's Guardian newspaper as among the top four business leaders "who have shown dedication and bravery in progressing the sustainable business agenda".

• NextEnergy Solar Fund attracts more than £100m, but delays IPO

  31 March 2014

  NextEnergy Solar Fund has received demand for shares worth more than £100 million ($167 million) in its planned flotation on the London Stock Exchange (LSE), but has postponed the listing while it finalises the participation of a cornerstone investor.

• TD issues C$500m green bond

  31 March 2014

  TD Bank Group has become the first commercial bank in Canada to issue a green bond, raising C$500 million ($454 million) last week.

• GIB invests £461m in UK offshore wind

  31 March 2014

  The UK Green Investment Bank (GIB) will invest £461 million ($766 million) in UK offshore wind, via two projects.

• Geothermal plant 'close to securing $1.17bn in loans'

  28 March 2014

  Indonesia's largest geothermal project, Sarulla, is reportedly close to securing $1.17 billion of project finance from a syndicate of private and public lenders.

• EIB raises £500m in its first Sterling green bond

  28 March 2014

  The European Investment Bank (EIB) has issued its first Sterling-denominated green bond, raising £500 million ($831 million).

• First State sets up 'stranded assets' working group

  27 March 2014

  Asset manager First State has set up a working group to explore the dangers that 'stranded carbon assets' pose to its investment portfolio.

• Securitised energy efficiency bond raises $104m

  27 March 2014

  A bond believed to be the first to be securitised by payments from residential energy efficiency projects, has raised $104 million. The 11-year bond is based on California's Property Assessed Clean Energy (PACE) financing scheme, which has helped fund the installation of insulation and solar panels.

• Abandon quarterly reporting, McKinsey head tells firms and investors

  27 March 2014

  Companies should abandon quarterly reporting, according to the head of consultancy McKinsey & Co, as he claimed asset managers and asset owners hold the key to pushing corporates away from short-term thinking.

• Brookfield expands into Europe with €495m acquisition

  27 March 2014

  Brookfield Renewables Energy Partners has agreed to pay some €700 million ($963 million) for 17 wind farms in Ireland, marking its first move into the European market.