Norway embraces TCFD
Major European banks provided large-scale financial support to coal industry
European banks including Barclays, BNP Paribas and Societe Generale loaned billions of euros to coal companies across the EU in 2019, according to a report.
Green bond round-up, 30 January
Spanish telecommunications company Telefonica has made its debut in the green bond market, raising €1 billion in a five-year deal. It claims this is the first bond from an issuer in the telecoms sector.
Storebrand makes 2026 pledge to ‘exit death spiral of coal’
Storebrand Asset Management has revealed a path to full divestment from coal in eight years’ time, in a strategy it says is in line with the goal to restrict climate change to a maximum of 1.5°C above pre-industrial levels.
People Moves: Osmosis IM, La Française Forum Securities and Green Climate Fund
London-based Osmosis Investment Management, a $1.5 billion sustainable asset management business, has appointed Mike Even to its board of directors.
Inflection Point Capital to advise Norway's sovereign wealth fund
Inflection Point Capital Management, a London-based sustainability advisory company, has secured a four-year consultancy contract to advise Norway's $870 billion sovereign wealth fund.
Scatec Solar agrees financing for first Latin American project
Independent power producer Scatec Solar has secured project financing to start building a $125 million plant in Honduras, marking its first move into Latin America.
Norwegian wealth fund ponders fossil-fuel divestment, following report
Norway's sovereign wealth fund is considering divesting from the most carbon-intensive petrol and coal firms.
CDM rescue fund seeks proposals
Developers of projects that qualify for carbon credits under the Clean Development Mechanism, but are not economically viable at present, are being invited to sell credits to a newly formed fund until 8 January.