News

• SEB recruits Powell from IFC

  11 September 2017

  Swedish bank SEB has recruited IFC's head of funding and Treasury market operations, Ben Powell, to join its sustainability team.

• UK pension scheme NEST divests £27.2m from high carbon companies

  11 September 2017

  The UK's national workplace pension provider has divested £27.2 million from companies that it deems are not adequately adapting to a low-carbon economy, including Exxon Mobil and Royal Dutch Shell, it has said.

• Proposed rule changes boost RGGI carbon price

  11 September 2017

  Prices soared in last week's quarterly auction of emission allowances held by the Regional Greenhouse Gas Initiative (RGGI), the first to be held since the market proposed a set of rule changes.

• People Moves: Wheb, PwC, Moody's, Mainstream, Varma, FTSE Russell

  08 September 2017

  Ingrid Holmes has joined asset manager Wheb's independent advisory committee to review the holdings in Wheb's investments funds.

• Green Investment Group makes £38m waste-to-energy investment

  08 September 2017

  The Green Investment Group has committed to invest £38 million ($50 million) in the construction of a 70MW waste-to-energy facility in the UK, alongside a syndicate of lenders.

• UBS outlines sustainability ambition, and says US will seize ESG leadership from Europe

  08 September 2017

  UBS has laid out its ambition to make the financial services group a leader in the sustainability space.

• Zurich promotes Köb to lead insurer's responsible investment

  07 September 2017

  Zurich's head of responsible investment Manuel Lewin has been promoted to become the Swiss insurer's head of risk strategy, and will be replaced by Johanna Köb.

• Green bond round-up, 6 September 2017

  06 September 2017

  Canada's export credit agency, Export Development Canada (EDC) has issued its fourth green bond – its first denominated in its home currency.

• Scor sets new benchmark for coal divestment

  06 September 2017

  Won't invest in companies with more than 30% of turnover from coal

• Schroders launches tool to measure companies' earnings at risk from rising carbon prices

  06 September 2017

  Investment manager Schroders has developed a tool for investors which measures how government moves to put a meaningful price on carbon could affect company profits and investment returns.