News

CIX joins forces with Carbonplace on carbon trading

Carbonplace and Climate Impact X (CIX) have announced a joint pilot designed to lower barriers to entry in the voluntary carbon credit market.

Demand for renewables will 'drive investors to green bonds & loans'

ING have said that the drive for renewable energy, caused by Russia's invasion of Ukraine, will drive higher issuance of green, use of proceeds (UoP) loans and bonds, instead of sustainable and sustainability-linked bonds and loans, over the next year.

Mandatory EU GBS key to securing 'gold standard' status, says ISS ESG

Making the EU Green Bond Standard (EU GBS) mandatory might be the "key" to realise its international 'gold standard' potential over its voluntary standard rivals, says responsible investment advisory firm ISS ESG.

GFANZ banks give 'little evidence' of short-term climate plans

The short-term climate targets of the largest banks in the world are insufficient despite their membership of Glasgow Financial Alliance for Net Zero (GFANZ), a report has found.

IBRD issues innovative 'pay-for-success' rhino bond

The International Bank for Reconstruction and Development (IBRD) has raised $150 million from a ground-breaking 'pay-for-success' sustainable development bond to support rhino conservation in South Africa.

Energy efficiency's 'time has come', says financier

A fund that focuses on energy efficiency investments has raised £100 million ($130 million) on the same day it announced its intention to tap the market.

Shell and Macquarie invest in carbon offset firm

Shell Eastern Trading, a Singapore-based division of Shell, and infrastructure asset manager Macquarie, have invested for a second time in C-Quest Capital (CQC), a provider of clean cookstoves in Sub-Saharan Africa.

People Moves 25 March: HSBC; Abrdn; ANZ; MSCI & more...

Investors ready to vote against boards that don't meet climate targets, says Nuveen

The upcoming 2022 proxy season is likely to have a strong focus on environmental, social and governance (ESG) aspects with a move past transparency and towards accountability, claims a new report from Nuveen.

Loan round-up: Adani Green Energy, Select Energy Services, Auckland ... and more