Archive

HSBC closes coal project funding loophole as pressure mounts

HSBC has closed a controversial loophole which allowed the bank to continue to fund coal projects in three countries, but campaigners continued to push for coal funding to be withdrawn altogether.

HSBC raises 2020 estimate for social, sustainability bond issuance

HSBC expects issuance of social and sustainability bonds to reach between $100 billion and $125 billion this year - an increase of $25 billion on its previous estimate - because of the market's response to the Covid-19 virus.

Telenor signs €2bn sustainability-linked debt facility

Telenor has signed a €2 billion ($2.2 billion) sustainability-linked revolving credit facility (RCF) to refinance an existing credit facility.

HSBC identifies upsides of pandemic for autonomous vehicles

Banking giant HSBC believes the prospects of autonomous vehicles (AVs) have been boosted by the social effects of the coronavirus outbreak.

Winners revealed in Environmental Finance's Bond Awards 2020

Environmental Finance's Bond Awards were expanded again this year to reflect the growth and evolution of the green, social and sustainability (GSS) bond markets and to include the nascent GSS loan market.

HSBC launches green loan programme for smaller businesses in Singapore

The Singapore arm of FTSE 100-listed banking giant HSBC has launched green loan programme for smaller businesses in the city state.

UPM signs sustainability loan linked to biodiversity goals

Mizuho Financial faces first Japanese climate resolution

Mizuho Financial faces the first shareholder resolution in Japan, calling on the bank to disclose its climate risks and publish a plan to align investments to the Paris Agreement.

Major shareholder Jupiter supports Barclays fossil fuel funding resolution

Jupiter Asset Management has joined the swelling ranks of investors supporting a shareholder resolution calling on Barclays to phase out its funding for fossil fuel firms.

Malaysian banks fund coal power projects at expense of renewables

Malaysian banks continue to provide significant funding to coal power projects amid a rising number of international peers stepping back from such financing, according to a report by an Australian environmental pressure group.