Archive

Landmark Italian green bond ten-times oversubscribed

Italy has issued the largest ever sovereign green bond with its €8.5 billion ($10.2 billion) maiden green note, which was nearly ten times oversubscribed by investors.

Investors back Sustainability Reporting Standard for Social Housing

A Sustainability Reporting Standard for Social Housing has been published with support from a group of UK-based investors including M&G, Insight and Legal & General.

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.

News round-up: Verra farming credits, 'social' in spotlight, EU fossil fuel subsidies ... and more

Principles for financing green home retrofitting launched

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

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

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.

Green and sustainability-linked loan round-up: M+S, Naturgy, UOL, Argent

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

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

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.