News

• 90% of Green Finance Summit participants vote for mandatory TCFD

  19 July 2018

  There was 90% support for making the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD) mandatory within five years, according to a poll of the audience at the Green Finance Summit in London.

• Climate reference in UK pensions legislation would be ‘unhelpful’, argues PLSA

  19 July 2018

  A UK government proposal to require pension trustees to include climate change in their Statement of Investment Principles (SIPs) is misguided and could create more problems than it solves, according to a trade association.

• Green bonds round-up, 18 July 2018

  18 July 2018

  Terna, the operator of the Italian electricity grid, has entered the green bond market for the first time, with a €750 million ($872 million) offering maturing in July 2023.

• Aviva Investors finances €1.5bn windfarm

  18 July 2018

  Aviva Investors has joined a syndicate of 13 international lenders to participate in the €1.5 billion ($1.7 billion) financing of the German 396 MW Merkur offshore windfarm.

• HSBC is top underwriter of sustainability bonds in H1

  18 July 2018

  HSBC was the biggest underwriter of sustainability bonds in the first half of 2018, according to figures from Environmental Finance.

• Credit Agricole tops H1 social bond chart

  18 July 2018

  Credit Agricole was the biggest underwriter of labelled social bonds in the first half of 2018.

• Banks report on TCFD-linked pilot study into physical risks

  17 July 2018

  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).

• US water utility readies world-first ‘puttable’ green bond

  17 July 2018

  The Public Utilities Commission of San Francisco (SFPUC) is preparing to issue what is believed to be the first green bond to incorporate a put option.

• Greencoat prepares India yieldco

  17 July 2018

  Greencoat Capital is gearing up to launch a yieldco in India that will look to replicate the model of its UK and Irish renewables funds.

• New ESG reporting platform aims to generate data insights

  17 July 2018

  IHS Markit plans to launch an ESG reporting platform next week, which will be developed to include data mining services, to improve the transparency and accessibility of the data for investors and other users.