News

• EU carbon market update: 2 June 2020

  02 June 2020

  The short-term outlook for EU Allowances is bearish, despite some bullish technical signals, says Tom Lord*

• Less than half of green bond funds are ESG leaders, says MSCI

  01 June 2020

  Less than half of green bond funds were ranked as leaders in terms of their environmental, social and governance (ESG) credentials, according to MSCI ESG Fund Ratings.

• Guernsey launches green private equity principles

  01 June 2020

  The British territory of Guernsey has launched a set of voluntary green private equity principles, which, it says, are aligned with the Task Force on Climate-related Financial Disclosures (TCFD) and the EU Taxonomy on Sustainable Finance.

• WCI Carbon Market Update, 1 June 2020

  01 June 2020

  In light of many allowances remaining unsold in the May auction, new supply-side mechanisms could be introduced which could be bullish for prices, says Nicolas Girod*.

• Australian impact investments set to grow five-fold by 2025 - RIAA

  01 June 2020

  Exponential growth in Australian investments targeting positive social and environmental impact as well as financial returns could propel the overall size of the market to more than AUD100 billion ($67.3 billion) by 2025, according to the Responsible Investment Association Australasia (RIAA).

• Sustainalytics CEO defends pure-play green bond

  01 June 2020

  Sustainalytics has defended its decision to give a second party opinion to a green bond for general corporate purposes, reigniting the debate about whether so-called pure-play companies should be able to access the market.

• Largest private pension scheme in UK announces first divestments

  01 June 2020

  The Universities Superannuation Scheme (USS) has announced it will not invest in tobacco, coal, and controversial weaponry firms under its exclusions policy, though campaigners are pressing for the £68 billion ($84 billion) fund to divest from other fossil fuel firms.

• Glennmont fully divests from Clean Energy Fund 1

  01 June 2020

  Glennmont Partners has completed the sale of its Sleaford Renewable Energy Plant to Greencoat Capital, divesting the last remaining asset of its €437 million ($485 million) Clean Energy Fund I.

• Renewables insurers win new backing

  01 June 2020

  US-based Tokio Marine HCC has completed its acquisition of GCube, a specialist underwriter of renewable energy risks. The price paid was not disclosed.

• Total becomes next oil major to feel shareholder climate pressure

  29 May 2020

  French supermajor Total has become the latest oil firm to face rising pressure from shareholders at its annual general meeting (AGM) over it environmental ambitions.