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Barclays' China deal raises environmental risks
01 September 2007China Development Bank (CDB) has acquired a 3.1% stake in Barclays, which could rise to 6–7%, giving the UK-based bank access to the prized Chinese market. But socially responsible investment research firm Innovest Strategic Value Advisors has raised concerns about the environmental, social and governance risk to Barclays from the deal.
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People moves this month
01 September 2007US investment bank JPMorgan has appointed KEDIN KILGORE as head of North American environmental product markets. Based in New York, Kilgore, who previously traded environmental markets at investment company RNK Capital, will be responsible for the bank's activities in greenhouse gas and renewable energy certificate markets.
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Trade in GHG permits and credits up 45%
01 September 2007Volumes in the world's carbon markets were up 45% year on year to 1.2 billion tonnes in the first six months of 2007, according to research from Point Carbon.
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Merrill launches energy efficiency index
01 September 2007Merrill Lynch has launched an index to track companies that offer energy efficiency savings.
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US Congress poised for energy, climate breakthrough
01 July 2007Hopes are high that the US Congress could pass far-reaching energy and environmental legislation in the autumn, following changes of heart from key representatives, and plans for two comprehensive Senate bills tackling greenhouse gas (GHG) emissions.
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Leaf float raises £200m for North American renewables
01 July 2007EEA Fund Management and Shaw Capital have raised £200 million ($403 million) to invest in North American renewable energy projects through London's Alternative Investment Market (AIM) market.
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US firms underestimating shareholder interest in CR
01 July 2007US corporations underestimate the importance placed on corporate responsibility (CR) by shareholders, according to a survey by Thomson Financial.
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Calvert powers into alt energy
01 July 2007Socially responsible fund manager Calvert has launched a Global Alternative Energy Fund that will invest directly in renewable energy companies (solar, wind geothermal, biofuel, hydrogen and biomass), related technologies and the energy efficiency sector.
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Wal-mart goes solar
01 July 2007Wal-Mart has signed deals with three solar firms to supply and finance photovoltaic solar cells, generating an estimated 20,000MWh/year, to be installed on 22 of its buildings in California and Hawaii.
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Finance sector in the dark on biodiversity risks
01 July 2007The financial sector has a long way to go to understand the rising risks posed by biodiversity loss, according to the author of a report on the subject for the IUCN-World Conservation Union. More work particularly needs to be done to make the link between loss of biodiversity and financial impacts, he said.
- L'Oréal backs French sustainable ingredients startup
- Sustainable Debt Americas 2024 returns to New York next week
- 'Unlikely' potential Transition Loan Principles will launch in 2024
- IFC issues second 'blue'-focused green bond
- Franco-German transition plans work can inform credibility assessments, France's IFD says
- G20 agrees to bioeconomy principles
- Norway's sovereign wealth fund's Exxon paradox
- Standard Chartered, British Airways sign "global first" carbon credit deal
- SFDR and SDR both miss key sustainability distinctions, CFA says
- Net outflows accelerate for Article 9 funds