News

• Morningstar to offer ESG scores for funds

  13 August 2015

  Morningstar is to begin offering environmental, social and governance (ESG) scores on mutual and exchange-traded funds, in a move it says is an industry first.

• ADB backs first green bond out of the Philippines

  13 August 2015

  The Philippines is slated to see its first green bond, with backing from the Asian Development Bank (ADB).

• SunEdison and Dominion sign $650m solar JV in Utah

  13 August 2015

  SunEdison has partnered with US utility Dominion to finance a $650 million 420MW solar project in Utah.

• SunEdison and TerraForm raise $280m in oversubscribed deal

  12 August 2015

  SunEdison and TerraForm Power have raised $280 million in a deal that was oversubscribed, despite recent falls in the companies' share prices.

• TIAA-CREF launches low-carbon and ESG funds

  12 August 2015

  TIAA-CREF has become the latest asset manager to launch a low-carbon fund, following in the footsteps of BlackRock, State Street and Amundi, which have brought similar products to market in recent months.

• Aviva and NGOs welcome Standard Chartered's coal mine withdrawal

  12 August 2015

  Standard Chartered's decision to withdraw its support from the giant Carmichael coal mine in Australia has been welcomed by a leading investor.

• AUM of PRI signatories rises by a third in a year

  12 August 2015

  Assets under management by signatories of the Principles for Responsible Investment (PRI) grew by a third in the year ending 30 June to reach $59 trillion, said managing director Fiona Reynolds.

• Boralex secures C$64.4 million for Canadian wind

  12 August 2015

  Canadian renewables firm Boralex has completed C$64.4 million ($49.5 million) of financing for a wind farm in the country.

• Natural catastrophes cause $33bn of losses in H1, says SwissRe

  12 August 2015

  Natural catastrophes caused total economic losses of $33 billion in the first-half of 2015, although this was well below the $54 billion in the same period the previous year, according to Swiss Re's preliminary estimates.

• Standard Chartered pulls out of giant coal project in Australia

  11 August 2015

  Standard Chartered has ceased its involvement with the controversial Carmichael coal mine in Australia, following a court ruling that overturned the Canberra government's approval of the project.