Principles for Responsible Banking launched with backing of 28 banks
The launch of a set of six principles seeking to commit banks to align with both the Paris Agreement and the UN’s Sustainable Development Goals (SDGs) has been hailed as a ‘global benchmark for sustainable banking’.
Green bond round-up, 21 Nov
US real estate company Boston Properties has raised $1 billion from its inaugural green bond.
Cubico hopes to return to acquisition trail this year
It has been a year of consolidation but Stephen Riley says the firm is ready to 'go for growth' again. Peter Cripps reports
Santander, Bunge and TNC bid to boost sustainable soy production
A novel financing mechanism to reduce the environmental impact of increased soy production has been developed by Santander Brasil, agribusiness giant Bunge and The Nature Conservancy (TNC).
Greenalia agrees €125m loan for biomass plant
Spanish firm Greenalia has agreed a loan worth €125 million ($146 million) to finance its biomass electric power production plant.
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).
London launches £500m public/private energy efficiency fund
A £500 million ($667 million) fund, backed by public and private capital, has been launched to improve the energy efficiency of public buildings and small businesses in London.
AccorHotels signs €1.2bn sustainability-linked loan
A consortium of 15 banks has signed a deal with AccorHotels to link the interest rate on a €1.2 billion ($1.4 billion) loan to the hospitality company’s sustainability performance.
Green bonds round-up, 4 July
Spanish utility Iberdrola has returned to the market with its tenth green bond. The €750 million deal pays a coupon of 1.25% and matures in October 2026.
Sustainable banking principles to be launched in November
Banks from five different continents have joined forces to redefine the sector's purpose, in alignment with the UN Sustainable Development Goals (SDGs) and the Paris Agreement.