Cofco signs $2.1bn sustainability loan in first for China
Cofco International has agreed a $2.1 billion sustainability-linked loan with a consortium of 20 banks, in what is believed to be the first such deal by a China-based company.
Polish banks join European energy-efficient mortgage pilot scheme
A European initiative to explore the benefits of offering favourable mortgage conditions for energy efficient homes has expanded into Poland.
Banks eye opportunities in the circular economy
Several recent initiatives suggest the financial sector is starting get to grips with the concept of a ‘circular economy’, says Graham Cooper
People Moves: AXA, Lightsource BP, Triodos, Zurich
AXA Investment Managers (AXA IM) has set up a central responsible investment (RI) team, as it seeks to integrate environmental, social and governance (ESG) criteria into all of its investment platforms.
Rabobank and EIB expand 'impact loan' programme to €600m
Rabobank is to make an additional €250 million ($293 million) available to 'environment-conscious' companies in the Netherlands, in the form of 'impact loans' with preferential interest rates.
Banks report on TCFD-linked pilot study into physical risks
A scenario-based approach to help banks estimate the climate-related physical risks in their loan portfolios has been published in response to the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD).
Steering group for Green Finance Institute announced
A steering group has been assembled to guide the launch of the UK's Green Finance Institute.
CBI readies certification criteria for forestry bonds
A public consultation on criteria for forestry and other land use projects to be certified under the Climate Bonds Standard is due to end on 20 July.
Dutch banks draft circular economy finance guidelines
Three Dutch banks have teamed up to launch Circular Economy Finance Guidelines, which they hope will gain global traction.
People moves: PKA, Nomura and Obvion
PKA's head of responsible investment Pelle Pedersen has resigned after more than five years.