Initiative aims to help banks measure the economic impact of drought
Nine banks have joined an initiative to help measure the economic impact of drought in their stress testing scenarios.
Financial firms join forces to raise $8bn for sustainable investments
Bank of America has formed a new partnership within its Catalytic Finance Initiative (CFI) that aims to direct $8 billion to "high-impact sustainable investments".
UBS sustainable ETFs 'to break through the £500m mark'
Investments in UBS's sustainable exchange traded fund (ETF) business are expected to break through the £500 million ($720 million) barrier this year.
UK's GIB launches £4bn privatisation in bid to double in size
Two banks mandated for sale process
SunEdison continues to haemorrhage senior staff
Paul Gaynor has become latest high-level departure at beleaguered renewables giant SunEdison, according to a UBS research note.
Which utilities are set to be hit hardest by the Paris climate agreement?
The utilities sector is set to bear the brunt of the Paris climate agreement, as it will require a wholesale shift away from thermal power generation, analysts at UBS have warned.
S&P Dow Jones launches 'smart beta' index for European market
S&P Dow Jones Indices has added to its range of sustainability-focussed indexes with the launch of a 'smart beta' European index restricted to highly volatile, high yield stocks.
Private equity firm buys Infigen wind portfolio for $274m
Private equity firm ArcLight Capital Partners has acquired Infigen Energy's entire US wind portfolio in a deal worth $274 million.
96% of ESG index tracking funds launched in 2015 track MSCI indexes
Almost all funds launched this year to track environmental, social and governance (ESG) indexes are using products created by MSCI, according to research from the firm.
NextEra Energy Partners raises $910m in equity
NextEra Energy Partners (NEP), the yieldco subsidiary of renewable developer NextEra Energy Resources, has raised $910 million in equity.