Archive

  • Principles for financing green home retrofitting launched

    29 September 2020

    The UK's Green Finance Institute (GFI) has launched the Green Home Retrofit Finance Principles (GHRFPs), backed by institutions including Lloyds Bank and NatWest, which until recently was known as RBS.

  • UniCredit plans 2028 coal sector exit in updated policy

    10 August 2020

    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.

  • Bank of America becomes third US lender to join carbon accounting initiative

    30 July 2020

    Bank of America (BoA) has joined the Partnership for Carbon Accounting Financials (PCAF), the third major US lender to join the initiative in the past week, as pressure builds on financial institutions to tackle the emissions of their lending and investment portfolios.

  • Deutsche Bank's tightened fossil fuel policy judged 'unambitious'

    28 July 2020

    Deutsche Bank has tightened its fossil fuel policy to include exiting from coal mining investments by 2025, strengthening its stance towards coal power and restricting oil and gas sector financing - but campaigners continued to criticise the lender for its lack of ambition.

  • National Grid signs $740m green loan from export agencies

    16 June 2020

    National Grid has signed a green loan worth $743 million to help fund the construction of an electricity interconnector between Denmark and the UK, believed to be the first covered green loan to be signed with more than one export credit agency.

  • RBS targets halving emissions from financing activity by 2030

    14 February 2020

    The UK's Royal Bank of Scotland Group (RBS) pledged to halve the climate activity of its financing activity by 2030 - although it admitted that it does not know how it will achieve the goal.

  • Solarcentury secures €55m facility to fund Spanish solar plant construction

    07 January 2020

    Solar energy firm Solarcentury has secured facilities worth €54.8 million ($61.3 million) from a pair of UK banks to help fund the construction of two solar plants in Spain.