News

• Corporate pension plan sustainability guide launched

  21 April 2017

  Two of the world's largest business-led sustainability initiatives, the UN-supported Principles for Responsible Investment (PRI) and UN Global Compact, have partnered to create a guide for making corporate pension funds more sustainable.

• GIB sale reaction - brilliant news or a disaster?

  20 April 2017

  The Green Investment Bank's (GIB) long-expected sale to Macquarie has been controversial - Greenpeace said it was a disaster, but one renewables investor said the GIB would now stop "ruining the market".

• Macquarie could sell 10% of GIB assets following purchase

  20 April 2017

  Up to 10% of the value of Green Investment Bank's (GIB) assets could be sold following its sale to Australian Bank Macquarie.

• GPC: Protecting the GIB's green mandate

  20 April 2017

  As part of the terms of the sale of the Green Investment Bank (GIB) the UK government set up the Green Purposes Company (GPC), which owns a "special share" allocation designed to safeguard the GIB mission to channel money into green projects.

• GIB sold to Macquarie-led consortium for £2.3bn

  20 April 2017

  The Green Investment Bank (GIB) has been controversially sold to a consortium led by Australian bank Macquarie for £2.3 billion ($2.9 billion).

• ESG is correlated to performance in fixed income, study finds

  19 April 2017

  There is a clear correlation between environmental, social and governance data and credit default swap spreads and credit ratings, research has found, although neither fully price-in the risks implied by this data.

• Climate finance 'needs equity not debt'

  19 April 2017

  Equity rather than debt is more urgently needed to fill the $670 billion climate financing gap, according to one clean energy company director.

• First green bond from an insurer is launched

  19 April 2017

  The first green bond from an insurance company has hit the market. Its proceeds will be used to finance and refinance a green bond portfolio.

  

• Green bond round-up, 19 April 2017

  19 April 2017

  The Nigerian government has announced that it is delaying the launch of its inaugural sovereign green bond until after its 2017 budget is passed.

  

• IFoA launches tender on climate change modelling for pension funds

  18 April 2017

  The UK's Institute and Faculty of Actuaries (IFoA) has launched a call for proposals to model climate change's effect on defined benefit pension schemes.