News

• PRI signatories to get access to TPI analysis

  13 April 2018

  The UN-supported Principles for Responsible Investment (PRI) has teamed up with the Transition Pathway Initiative (TPI) to increase the availability of carbon performance data to its signatories

• Ratings actions diverge for solar and wind sectors, says S&P

  13 April 2018

  Changes in credit ratings of solar energy projects have mostly been positive in recent years, thanks to "benign operational risks and lower-than-expected costs," said S&P Global Ratings in a research note.

• Canada seeks more opportunities in sustainable finance

  13 April 2018

  An Expert Panel on Sustainable Finance has been set up by the Canadian government to help the country's businesses exploit new opportunities in clean energy and other climate-related activities.

• Danish pension fund excludes 35 oil companies on climate grounds

  12 April 2018

  PKA has excluded 35 oil and gas companies from its investment portfolio based on concerns about their approach to climate change.

• CEFC injects $150m into Australian infra fund

  12 April 2018

  Clean Energy Finance Corporation (CEFC) has made its first equity commitment to Australia's largest infrastructure fund to reduce carbon emissions.

• Shell says it faces 'low risk' of stranded assets

  12 April 2018

  Oil and gas giant Shell said there is "low risk" of it having stranded assets, and predicted as much as 80% of its proved oil and gas reserves will be produced by 2030.

• Green bond round-up - 11 April

  11 April 2018

  The government of Lithuania has announced plans to issue a sovereign green bond "at the end of April" to finance a 10-year, €68 million ($84 million), loan to the country's Public Investment Development Agency to fund renovations of 156 multi-apartment buildings that improve energy efficiency and reduce heating costs.

• Lloyd's syndicates seek $500m to cover 'natcat' losses

  11 April 2018

  Lloyd's of London insurance syndicates have asked their capital providers for more than $500 million, and some have also drawn on letters of credit with bankers, to help cover the financial damage from 2017's natural catastrophes (natcats).

• CDSB updates framework to be TCFD-aligned

  11 April 2018

  The Climate Disclosure Standards Board (CDSB) has revamped its framework for environmental reporting to align with the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD).

• PRI guidance for bond investors urges greater engagement on ESG

  11 April 2018

  The UN-backed Principles for Responsible Investment (PRI) has published advice on how investors can engage with corporate bond issuers on environmental, social and governance (ESG) risks, as it responds to growing investor awareness of the issue.