News

• Axa's investment arm follows insurer in coal divestment

  25 April 2017

  Axa Investment Managers (IM) has followed in the footsteps of its insurance arm by committing to divest its holdings in companies that derive 50% or more of their revenues from coal.

• BBVA makes second green loan to Acciona

  25 April 2017

  BBVA has signed a $100 million green-labelled loan agreement with Acciona to partially fund solar and wind projects in Chile

• 8point3 a strategic sale, but Atlantica may be broken-up, says UBS

  24 April 2017

  As the parent sponsors of 8point3 Energy Partners (CAFD) and Atlantica Yield (ABY) prepare to sell their stakes, the future of the two yieldcos may be quite different, said an analysist for UBS.

• Chile's first green bond issued

  24 April 2017

  Pulp paper manufacturer Empresas CMPC has issued the first green bond from a Chilean issuer, raising $500 million.

• RobecoSAM & S&P's 'smart ESG' index outperforms in inaugural year

  24 April 2017

  A global index based on RobecoSAM's 'smart' environmental, social and governance (ESG) data has outperformed its benchmark in its first year.

• ING loan to Philips incentivises greater sustainability

  21 April 2017

  ING has led a group of banks in an innovative loan deal with Philips that links the interest paybable on the loan to the electroics giant's sustainability performance.

• First Pace bonds of the year to raise $444.5m

  21 April 2017

  Ygrene is set to raise $176 million from its first Property Assessed Clean Energy (Pace) bond of the year.

• 27 CEOs back TCFD recommendations

  21 April 2017

  27 CEOs from major corporations have committed to implement the draft recommendations laid out by the Financial Stability Board's Task Force on Climate-related Financial Disclosures (TCFD).

• EF BRIEFS: ABN Amro, NESF, JLEN

  21 April 2017

  ABN Amro has received €150 million ($160 million) of financing as part of the EU president Jean-Claude Juncker's "Investment Plan for Europe", that it will use to finance green loans to the European shipping industry.

• IFC selects Amundi to manage its $2bn emerging market green bond fund

  21 April 2017

  The International Finance Corporation has formally announced the launch of its $2 billion emerging market green bond fund, as exclusively revealed by Environmental Finance last year, and has appointed Amundi to manage it.