EU action plan could stifle low-carbon benchmarks, warns FTSE Russell
European Commission proposals to introduce minimum standards for low-carbon and ‘positive carbon impact’ benchmarks could stifle innovation, a leading index provider has said.
European Commission proposals to introduce minimum standards for low-carbon and ‘positive carbon impact’ benchmarks could stifle innovation, a leading index provider has said.
There was 90% support for making the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD) mandatory within five years, according to a poll of the audience at the Green Finance Summit in London.
A UK government proposal to require pension trustees to include climate change in their Statement of Investment Principles (SIPs) is misguided and could create more problems than it solves, according to a trade association.
Terna, the operator of the Italian electricity grid, has entered the green bond market for the first time, with a €750 million ($872 million) offering maturing in July 2023.
Aviva Investors has joined a syndicate of 13 international lenders to participate in the €1.5 billion ($1.7 billion) financing of the German 396 MW Merkur offshore windfarm.
HSBC was the biggest underwriter of sustainability bonds in the first half of 2018, according to figures from Environmental Finance.
Credit Agricole was the biggest underwriter of labelled social bonds in the first half of 2018.
A scenario-based approach to help banks estimate the climate-related physical risks in their loan portfolios has been published in response to the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD).
The Public Utilities Commission of San Francisco (SFPUC) is preparing to issue what is believed to be the first green bond to incorporate a put option.
Greencoat Capital is gearing up to launch a yieldco in India that will look to replicate the model of its UK and Irish renewables funds.