News

• Macquarie completes £500m Green Loan Principle-aligned issue

  13 June 2018

  Macquarie has become the first financial institution to issue in line with regional Green Loan Principles (GLPs), it claimed, following its issue of £500 million ($666 million) in green notes.

• Venture firm raises $350m to digitise traditional industries

  13 June 2018

  G2VP, a new venture capital firm, which aims to "unlock previously unidentified paths to sustainability and resource efficiency" has raised $350 million for its first fund.

• CPPIB plans first pension fund green bond

  12 June 2018

  The Canada Pension Plan Investment Board (CPPIB) plans to issue a green bond, making it the first pension fund to do so, it claimed.

• Proposed EU taxonomy 'potentially a massive waste of time', says UK investor

  12 June 2018

  The EU's proposed taxonomy of sustainable finance "will potentially be a massive waste of time" because of the long time needed to create it, said Ashley Hamilton Claxton, head of responsible investments at Royal London Asset Management (RLAM).

• EU carbon update, 11 June

  12 June 2018

  The outlook for EU Allowance prices remains bearish, says Louis Redshaw, because of large auction volumes this week and anticipated activity in the options market.

• EU sustainability taxonomy could hinder market, says thinktank

  11 June 2018

  The European Commission’s proposed taxonomy for sustainability could hinder growth of investments in the area, according to the founder of a Europe-based thinktank.

• LGIM announces exclusions from its £5bn Future World Funds

  11 June 2018

  Legal & General Investment Management (LGIM) has named the companies it regards as leaders and laggards on climate change issues, as part of its attempt to remove climate-related risk from its £5 billion ($6.7 billion) Future World funds.

• Thimann leaves Axa for Athora in Germany

  11 June 2018

  Christian Thimann, a leading figure in several sustainable finance initiatives, has joined Bermuda-based insurance company Athora, after four and a half years in senior roles at Axa Group.

• Investors offered tool to model low-carbon transition risk

  08 June 2018

  A modelling tool to help investors and regulators assess how the transition to a low-carbon economy will impact the financial performance of infrastructure investments, has been launched by the ClimateWise Insurance Advisory Council.

• CMS Energy signs first US sustainability-linked loan of $1.4bn

  08 June 2018

  CMS Energy has signed a sustainability-linked revolving credit facility, claiming to have become the first US company to strike a deal of this kind.