Archive

Lloyds Bank to stop financing new coal plants

Lloyds Banking Group will not fund new coal-fired power stations or thermal coal mines, or bank new clients which derive most of their revenue from such operations, it has said.

People moves: Palladium, Renewables Consulting Group and Impax

Lloyds Bank introduces £2bn clean growth finance scheme

Lloyds Banking Group is offering a £2 billion ($2.7 billion) funding scheme to support companies that invest in the transition to a low-carbon economy.

Olam secures Asia's first sustainability-linked club loan facility

Agri business Olam has signed a three-year sustainability-linked revolving credit facility, aggregating $500 million of loans.

Green bond round-up, 14 February 2018

National Australia Bank (NAB) has issued the country's first residential mortgage-backed security (RMBS) that includes a green tranche certified by the Climate Bonds Initiative (CBI).

People Moves; Railpen, RCG, Convention on Biological Diversity

RPMI Railpen has appointed Leo George as the new head of sustainable ownership, replacing Deborah Gilshan who has left the UK railway pension scheme to join Standard Life Investments' as a governance and stewardship director in the environmental, social and governance (ESG) team.

Financiers praise 'Positive Impact' Principles

The Principles for Positive Impact Finance were hailed as "an important step in ... overcoming the funding gap for sustainable development" at their launch today in Paris.

Australian banks shine in RobecoSAM ratings

Just six financial institutions have been awarded 'gold stars' in RobecoSAM's 2017 Sustainability Yearbook, and three of them were Australian banks.

People Moves: SIF, PiP, Speedwell, Dentons, BMO, RCG, Natural power

Cornerstone Capital Group's Craig Metrick has been elected as chair of the board of directors of US SIF: The Forum for Sustainable and Responsible Investment.

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.