Most financial institutions don't push for ambitious EU sustainable finance strategy
Many financial institutions are failing to support an ambitious EU sustainable finance strategy, according to a report on lobbying by NGO InfluenceMap, with just a handful supporting and actively engaging with the European Commission's policy.
Trafigura signs $500m low-carbon financing facility
Commodities trader Trafigura has established a 'low carbon aluminium' financing platform of up to $500 million, with Natixis and Rabobank supporting Trafigura in the design and structuring of the instrument.
Biodiversity: lessons from the Dutch working group
A number of leading Dutch financial institutions have joined forces to boost knowledge about biodiversity within the financial sector. Merel Hendriks and Simon Zwagemakers outline some of the key developments
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.
Task Force on Nature-related Financial Disclosures working group announced
Ten financial firms have joined a working group to develop a reporting framework for the impact of the financial sector on biodiversity and ecosystems to complement the Task Force on Climate-related Financial Disclosures (TCFD).
Olam signs $250m sustainability-linked loan
Olam has signed sustainability-linked revolving credit facility (RCF) worth $250 million, the third sustainability-linked loan the food and agriculture firm has signed over the last two years.
Banks step up action on biodiversity
Natixis, HSBC and a number of Dutch banks are calling for the financial sector to accelerate action to prevent biodiversity loss.
Dredging firm Van Oord signs first green loan for LNG ships
Dutch offshore contracting firm Van Oord has secured its inaugural green loan to finance three liquefied natural gas (LNG)-fuelled dredging vessels in a bid to reduce the emissions of its fleet.
Marfrig's sustainable cattle bond attracts new ESG investors
Beef producer Marfrig Global Foods was able to attract additional environmental, social and governance (ESG) investors for its $500 million Sustainable Transition Bond issued earlier this week.
Members of UK taskforce on greening supply chains announced
The members of the UK's Global Resource Initiative (GRI) taskforce have been revealed, as they met for the first time to discuss how the country can green its international supply chain.