News

• Aviva and L&G invest more than £750m in world's largest wind farm

  28 November 2018

  Aviva Investors and Legal & General Investment Managers – Real Assets (LGIM RA) have lent more than £750 million ($957 million) to Global Infrastructure Partners (GIP) to purchase 50% of the UK's Hornsea One offshore wind farm.

• French banks boost coal financing by 52% after COP21

  27 November 2018

  French banks have increased their coal financing by 52% following the signing of the Paris Climate Agreement.

• EU carbon market update, 26 November 2018

  27 November 2018

  After last week's 5.5% rise in the EU Allowance price, the outlook remains bullish, but the market remains sensitive to Brexit developments, says Louis Redshaw.

• UNEP FI calls for impact-focussed business models

  27 November 2018

  New business models which target social, economic and environmental impacts from the outset can help finance sustainable development at lower cost and with less risk than traditional approaches, according to a UN report.

• Insurers call for integration of climate science with cat modelling

  27 November 2018

  Catastrophe risk modelling could be improved by integrating the latest climate science and a variety of technologies into the modelling framework, according to the Geneva Association.

• XL's adoption of Axa climate policy will cost €100m in premiums

  27 November 2018

  Re/insurer Axa XL will adopt Axa’s climate policy on both sides of the balance sheet, following the French insurer’s recent takeover of XL Group.

• Eurosif observes substantial growth in engagement on sustainability

  26 November 2018

  Significant growth in investor engagement on sustainability-related issues has been tempered by growing concerns of greenwashing, a Eurosif survey has found.

• Grey areas risk overshadowing a green taxonomy, says insurer

  26 November 2018

  Assets currently considered as green could be put at risk of becoming stranded if they were found to fall outside the bounds of a green taxonomy, according to Michèle Lacroix, head of group investment at French insurer Scor.

• French insurers’ climate-related disclosures mostly ‘difficult to understand’, says WWF

  26 November 2018

  French insurers' climate-related disclosures have improved, but the information is still often inaccessible and difficult to understand, according to research by WWF France.

• Principles for Responsible Banking launched with backing of 28 banks

  26 November 2018

  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’.