News

• Swedish funds face pressure on sustainability disclosure

  24 November 2015

  Fund managers in Sweden may soon be obliged to disclose data on the environmental and social implications of their investments.

• EIB and BNP Paribas privately place index-linked Climate Awareness Bond

  24 November 2015

  The European Investment Bank (EIB) has issued a privately placed index-linked €500 million ($532 million) Climate Awareness Bond (CAB).

• Green bond market risks losing credibility, warns Allianz

  24 November 2015

  The green bond market needs to be standardised to help it maintain its credibility, insurance giant Allianz has warned.

• Caisse des Depots to cut carbon investment by 20%

  24 November 2015

  French public sector investment giant Caisse des Depots et Consignations (CDC) has pledged to reduce the carbon footprint of its equities portfolio by 20% by 2020.

• Politicians, business leaders propose 10-point action plan on global warming

  24 November 2015

  A group of senior politicians and business leaders has called for action in ten key areas which, it believes, offer opportunities for "economically beneficial" action on climate change.

• EF BRIEFS: Cambridge University, Climate Bonds Initiative, LSE, European Parliament

  23 November 2015

  Sandrine Dixson-Declève, director of the Cambridge University Institute for Sustainability Leadership, has called on European leaders to end fossil fuel subsidies and invest in renewables or face become increasingly uncompetitive.

• Renewables developers seek alternatives to yieldcos, says CohnReznick

  23 November 2015

  Developers of renewable energy projects are weighing up alternatives to US yieldcos, in light of their plummeting share prices and questions about their future prospects, says accountancy firm CohnReznick.

• Canadian Solar unit, Recurrent, secures $260m debt financing

  23 November 2015

  Recurrent Energy, a major developer of North American solar energy projects, has agreed $260 million of debt financing for its Astoria photovoltaic project in Kern County, California.

• IDBI launches inaugural benchmark-sized green bond

  23 November 2015

  The Industrial Development Bank of India (IDBI) has launched its inaugural green bond and the second from India to be denominated in dollars.

• Leading insurers make progress on climate change action, says PwC

  23 November 2015

  The 30 major insurers that form the ClimateWise initiative have made significant progress in responding to the threats and opportunities arising from climate change in the past year, according to PwC.