News

World Bank repays $9.6m under its PAF scheme

The World Bank has repaid $9.6 million to bondholders that acquired notes issued under its innovative Pilot Auction Facility (PAF) scheme.

Second tap takes France's sovereign green bond to almost €10bn

Agence France Tresor has tapped its record-breaking sovereign green bond for the second time, raising a further €1.065 billion. The bond now amounts to €9.697 billion ($10.61 billion).

Green and sustainability taxonomy to be announced at Macron summit

A taxonomy that defines green and sustainable investments will be announced next week by the European Commission at a summit hosted by French President Macron.

People moves: UBS, LGIM, CalPERS, Crowell & Moring

UBS has continued to expand its sustainable investment team as it looks to take significant steps forward in the integration of environmental, social and governance (ESG) factors into its active investment process.

GGFC launches green finance policy directory

The Global Green Finance Council (GGFC) has introduced a reference guide to green finance initiatives, as sustainable finance continues to rise up the agenda.

UK pension funds advised to adopt TCFD reporting and engage on climate

The UK's Pensions and Lifetime Savings Association (PLSA) has warned of the "severe" short-term risks to pension fund investments posed by climate change, as it releases a framework to help them mitigate climate risk and exploit opportunity.

Hg Capital completes spinout of renewables business to Asper

UK-based private equity firm Hg Capital has completed the spinout of its renewables infrastructure investment business, which includes funds with more than €800 million ($945 million) in commitments.

Green bonds round-up, 6 December 2017

Greensphere moves forward with London listing

Greensphere Capital has decided to proceed with an initial public offering (IPO) on the London Stock Exchange, looking to raise as much as $500 million.

Mainstream in search for equity partner for £2bn wind farm

Mainstream Renewable Power is seeking a majority equity partner for its £2 billion ($2.7 billion) Neart na Gaoithe wind farm, with several major players already in discussions with the company.