Green and sustainability loans: the growth accelerates
The green and sustainability-linked loan market grew exponentially last year. The next growth spurt could be driven by emerging markets, Michael Hurley writes
MSCI launches carbon transition indexes
Data provider MSCI has launched a new series of ‘low-carbon transition’ indexes, as it extends its range of climate change-focused indexes.
Sustainable loan principles ‘key to unlocking gargantuan financing needs’
Recently-launched Sustainability-Linked Loan Principles (SLLPs) are ‘key to supplying the gargantuan amount of financing’ required to meet the goals of the Paris Agreement, White & Case has argued.
UK pension investor acquires £50m onshore wind farm portfolio
UK infrastructure investor Pensions Infrastructure Platform (PiP) has acquired a £50 million ($65.5 million) onshore wind farm portfolio by Scottish Equity Partners (SEP), a venture capital and growth equity firm with $1 billion of assets under management.
Sustainability-linked loan principles launched
The launch of a set of Sustainability Linked Loan Principles has been hailed as a “critical development” for incentivising borrowers to improve their sustainability performance.
Corporates converge to increase sustainable finance influence
A group of Europe’s largest corporate issuers of green and sustainable bonds has created a forum to help ‘put business at the forefront’ of the transition to a low-carbon economy.
Credit Agricole closes first Chinese green loan
Credit Agricole CIB’s China subsidiary has closed a green loan with EDF Lingbao worth RMB122 million ($18 million), marking the bank’s first such deal in the country.
Set climate targets, power sector told by investors with $11trn in assets
Twelve of Europe’s highest-emitting power companies have been instructed to set out Paris-aligned transition plans by a group of investors with $11.5 trillion in assets under management (AUM), as they warn of the ‘potentially catastrophic’ effects of climate change.
EDF signs €4bn ESG-indexed revolving credit facility
French electricity utility EDF has signed a green revolving credit facility (RCF) worth €4 billion ($4.5 billion), for which the payments will depend on sustainability-related performance indicators.
EU carbon update, 10 September 2018
A further rise in the price of EU Allowances is likely this week, but the only certainty is more volatility, says Louis Redshaw