Archive

UN's Principles for Responsible Banking tightens signatory scrutiny

Signatories of the UN Principles for Responsible Banking (PRB) have voted to establish a governance body to ensure effective implementation of the commitments, which could ultimately lead to laggards being thrown out.

Australian pension fund to exit coal amid climate announcements

Australian pension fund First State Super has outlined a number of climate change actions and targets, including exiting thermal coal, as it urged other Australian pension funds to do the same.

Westpac abandons thermal coal funding in tighter climate policy

Westpac has committed to exit its funding of thermal coal firms by 2030 and to align its financing business to the Paris Agreement, as it launched its updated climate change position statement.

Link Reit agrees sustainability-linked loan

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.

Bond round-up: Westpac, CGNPC, Prologis, Hera, Hannon Armstrong ... and more

Exxon and other laggards excluded from LGIM Future World Funds

Legal & General Investment Management (LGIM) has excluded more climate change laggards from its Future World Funds range after they failed to respond to its engagement programme.

Westpac to offer sustainability-linked loans

Australian bank Westpac is to offer green loans whose terms are determined by borrowers' sustainability performance.

Australia launches HLEG-style sustainable finance initiative

A group of leaders and senior executives at Australia’s major banks, superannuation funds and insurance companies has been assembled to devise a sustainable finance ‘roadmap’.

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’.