Archive

People Moves, 1 August: Deutsche Bank, BNY Investments, Green Alpha ... and more

UniCredit plans 2028 coal sector exit in updated policy

UniCredit has taken a harder line against thermal coal, pledging to stop financing its mining or burning entirely by 2028, as the exodus from the carbon-intensive fuel by global lenders continues.

Green bond round-up, 21 Nov

US real estate company Boston Properties has raised $1 billion from its inaugural green bond.

Green bond round-up, 11 July 2018

Green bonds round-up, 2 May

DTE Electric, an electricity utility based in Detroit, Michigan, has entered the green bond market with a $525 million, 30-year issue. It pays a coupon of 4.05% and was priced at 97 basis points over US Treasuries, giving a yield to maturity of 4.076%. The issue has been rated Aa3, A and A+ by Moody's, S&P Global and Fitch, respectively.

Banks making progress on combating climate change

Banks have made considerable progress in addressing climate risks and opportunities in their business practices to align with a 2°C global warming target, but it is still not enough, according to a new report.

Hannon Armstrong raises $77m from latest share sale

Hannon Armstrong Sustainable Infrastructure Capital (HASI) has raised approximately $76.9 million, after expenses, from its latest public equity offering.

EF BRIEFS: Hannon Armstrong, Enercorn

US clean energy investment firm Hannon Armstrong Sustainable Infrastructure Capital (HASI) is looking to raise approximately $70 million from the sale of 3.5 million shares.

Renovate launches $320m green ABS

Renovate America, which helps finance energy efficiency projects on residential properties in California, has issued its eighth asset-backed security (ABS) under its HERO programme.

EF BRIEFS: Duke Energy, Statkraft, NEP

Norway's sovereign wealth fund has divested its holdings in US utility Duke Energy, pointing to the company's risk of "severe environmental damage".