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SDCL Energy Efficiency Income Trust buys US portfolio stake for $110m
30 December 2019Energy efficiency investment fund SDCL Energy Efficiency Income Trust (SEEIT) has agreed to buy a 50% stake in a US industrial portfolio for $110 million in cash.
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One fifth of CalPERS portfolio is highly exposed to climate risk
27 December 2019The largest public pension fund in the US has reported that a fifth of its portfolio is among those sectors most exposed to climate change risks.
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Investors welcome strengthened Anglo American climate lobbying policy
23 December 2019Major investment firms have welcomed the mining giant Anglo American agreeing to align its lobbying activity to the goals of the Paris Agreement.
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LuxFLAG label sees 78% growth in 2019
23 December 2019A further 26 investment funds have been granted a LuxFLAG label, capping a year of strong growth for the sustainable finance labelling scheme.
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Shipping industry's $5bn decarbonisation research commitment judged too small
20 December 2019Proposals by the International Chamber of Shipping (ICS) for a $5 billion levy on shipping to fund research into how to decarbonise the industry was dismissed as "a drop in the ocean" by environmental campaigners.
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CLP to exit coal assets by 2050 amid end to new investments
20 December 2019Asian electricity firm CLP has pledged to no longer invest in new coal-fired power stations ahead of exiting all its coal assets by 2050.
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Hong Kong stock exchange revises ESG reporting rules
20 December 2019The Hong Kong stock exchange has introduced new environmental, social and governance (ESG) requirements for issuers, from the middle of 2020.
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FCA requires personal pension governance committees to consider ESG issues
19 December 2019The Financial Conduct Authority (FCA) has introduced a policy requiring the independent governance committees (IGCs) of personal pension plans to "check and challenge" pension providers over their environmental, social and governance (ESG) engagement.
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SDCL Energy Efficiency Income Trust upsizes fundraise to £54m
19 December 2019 -
BoE widens climate risk stress test to banks
18 December 2019The Bank of England (BoE) has outlined proposals to stress test banks and insurers on climate risk as part of its 2021 testing round.