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Green bond round-up, 30 January
30 January 2019Spanish 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.
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Environmental Approval Regulations: Why investors should take note
28 December 2018A legal ruling in Germany could set a precedent that accelerates European coal divestment, argues Kim Schumacher
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Set climate targets, power sector told by investors with $11trn in assets
20 December 2018Twelve of Europe’s highest-emitting power companies have been instructed to set out Paris-aligned transition plans by a group of investors with $11.5 trillion in assets under management (AUM), as they warn of the ‘potentially catastrophic’ effects of climate change.
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Storebrand makes 2026 pledge to ‘exit death spiral of coal’
30 November 2018Storebrand 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.
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French banks boost coal financing by 52% after COP21
27 November 2018French banks have increased their coal financing by 52% following the signing of the Paris Climate Agreement.
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Green bonds round-up, 17 October 2018
17 October 2018German commercial bank Berlin Hyp has raised €500 million ($578 million) from its third green Pfandbrief. This takes the total green debt issued by the bank to €3 billion.
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People Moves: Osmosis IM, La Française Forum Securities and Green Climate Fund
14 September 2018London-based Osmosis Investment Management, a $1.5 billion sustainable asset management business, has appointed Mike Even to its board of directors.
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Ontario Teachers’ Pension Plan invests C$200m in energy storage firm
25 July 2018The C$189.5 billion ($144.3 billion) Ontario Teachers’ Pension Plan has committed to invest C$200 million in the acquisition of energy storage projects in Ontario, Canada.
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Climate Action 100+ expands its reach and attracts new backers
04 July 2018An additional 61 companies have been added to Climate Action 100+ list, increasing the reach of the investor-backed initiative that aims to engage with "systemically important greenhouse gas emitters".
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UK pension scheme NEST divests £27.2m from high carbon companies
11 September 2017The UK's national workplace pension provider has divested £27.2 million from companies that it deems are not adequately adapting to a low-carbon economy, including Exxon Mobil and Royal Dutch Shell, it has said.