News

• Six Danish investors leave PRI, blaming governance issues

  13 December 2013

  Six Danish pension funds have exited the UN-backed Principles for Responsible Investment (PRI), accusing the organisation of not meeting "basic requirements for good corporate governance".

• Swedish government aims to buy 10 million CERs

  12 December 2013

  A Swedish government agency has issued a call for Clean Development Mechanism (CDM) project proposals, after announcing plans to buy up to 10 million carbon offsets.

• Mainstream launches capital-raising arm

  12 December 2013

  Project developer Mainstream Renewable Power has launched a new company designed to raise €2.4 billion ($3.3 billion) of capital from institutional investors.

• EU governments nearing deal on backloading

  11 December 2013

  Most EU countries have called for swift implementation of a plan to boost prices in the EU Emissions Trading System (ETS) and have backed a Commission proposal on how to implement the plan.

• EBRD stops lending to most coal projects

  11 December 2013

  The European Bank for Reconstruction and Development (EBRD) has announced it will no longer finance coal-fired power except in "rare circumstances" when there are no alternatives.

• Danish pension fund invests in wind project through export credit agency

  11 December 2013

  Pension fund PFA has invested DKK240 million ($45 million) in an Irish wind farm through Danish export credit agency EKF.

• UBS fund takes 50% stake in EDF's Texan wind farm

  11 December 2013

  UBS International Infrastructure Fund is to buy a 50% equity stake in a 161MW Texas wind farm from EDF Renewable Energy for an undisclosed sum.

• Backloading plans pass important hurdle

  10 December 2013

  Plans to boost prices in the EU's carbon market cleared a significant hurdle today after they were given the green light by members of the European Parliament.

• IIRC launches integrated reporting framework

  10 December 2013

  A framework to help companies expand their reports beyond financial metrics and include measures of sustainability has been launched, marking "an important milestone" in the evolution of 'integrated reporting'.

• Swedish pension fund invests SEK2bn to reduce fossil fuel exposure

  10 December 2013

  One of Sweden's largest pension funds has invested SEK2 billion ($307 million) in a fund to lower its exposure to fossil fuels, and will ramp up its investment in low-carbon equity strategies to SEK6 billion by the end of the year.