News

• TCFD recommendations could improve credit rating process, says S&P

  21 August 2017

  Increased corporate reporting of climate related risks – as called for by the Task Force on Climate-related Financial Disclosures (TCFD) – should help S&P Global improve its credit rating process, the company said.

• Low-carbon fund doubles in size to £4bn

  18 August 2017

  HSBC's UK pension fund has doubled its allocations to the award-winning, low-carbon Future World Fund to nearly £4 billion ($5 billion), Environmental Finance has learned.

• Macquarie completes acquisition of Green Investment Bank

  18 August 2017

  The UK government must develop a new strategy for private sector investment after a Macquarie-led consortium completed its £2.3 billion ($2.96 billion) acquisition of the Green Investment Bank (GIB), according to a group of business leaders.

• People Moves: HSBC, MSCI

  18 August 2017

  Farnam Bidgoli, Sustainalytics' former head of sustainable bonds in Europe, has been hired by HSBC to bolster the bank's efforts in the sustainability bond arena.

• Hannon Armstrong prices $135m of convertibles

  18 August 2017

  Hannon Armstrong Sustainable Infrastructure Capital (HASI) has priced a $135 million offering of convertible senior notes.

• $44m water treatment bonds 'at top end' of S&P assessment

  18 August 2017

  $44 million of unlabelled green bonds issued by a US utility for water management projects have been assigned S&P Global Ratings' highest score for their predicted positive environmental impact.

• US SIF issues five-step sustainable investment plan for DC pension sponsors

  17 August 2017

  Recommendations to help pension plan sponsors include sustainable investments in defined contribution (DC) retirement plans have been issued by US SIF.

• Green bond round-up, 16 Aug 2017

  16 August 2017

  Lagos State in Nigeria plans to raise NGN50 billion ($136 million) from the country's first green bond.

• NRG Yield attracting interest from several potential bidders

  16 August 2017

  Private equity groups, infrastructure investors, a power utility and a sovereign wealth fund are said to be among the potential bidders for NRG Yield and other assets to be sold by US energy company NRG.

• Clean 200 energy efficiency companies outperform benchmark

  16 August 2017

  The world's 200 largest publicly listed companies by total clean energy revenues outperformed their industry benchmark index by 18.1% in 2017, according to the latest Carbon Clean 200 list.