Loan round-up: DLG, U Mobile, Hyundai Mobis ... and more
Lloyds looks to energise 'slow' sustainability-linked derivative market
Lloyds Banking Group hopes the sluggish sustainability-linked derivatives (SLDs) market will accelerate in 2024, but argues that lots of industry work must be done before we see material transaction growth.
'Even leading banking practices fail basic climate, biodiversity tests' - ShareAction
Most of Europe's largest banks have targets to reduce their greenhouse gas emissions to net zero - but very few banks have taken concrete steps to achieve this and even leading practices in the sector fail "basic" quality tests, according to research by non-profit ShareAction.
Scottish Widows urges £2.5trn UK pension industry to urgently close 'green gap'
Scottish Widows has urged other UK pension funds to help close the £2.2 trillion ($3 trillion) 'green gap' following its announcement of strengthened climate targets, arguing the "steady progress" on climate being made by the industry was "not fast enough".
UK social impact investment market passes £5bn
The UK's market for social impact investments jumped a fifth in 2019 to about £5.1 billion ($6.7 billion) in total, according to research by Big Society Capital.
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the bank to continue to fund coal projects in three countries, but campaigners continued to push for coal funding to be withdrawn altogether.
Barclays tightens climate policy amid shareholder pressure
Barclays has announced an ambition to be net-zero carbon emissions by 2050 across its lending activities, but campaigners are pushing for commitments to faster progress.
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.