News

• WCI Carbon Market Update, 19 May 2020

  19 May 2020

  This week's auction of California Carbon Allowances is expected to see most of the supply go unsold, even though the December 2020 contract is now above the floor price, says Nicolas Girod*.

• EU carbon market update: 19 May 2020

  19 May 2020

  The short-term outlook for EU Allowances is bullish, but the price direction is largely in the hands of the power utilities, says Tom Lord*.

• Siemens Gamesa inks medical research supporting bank guarantee

  19 May 2020

  Wind turbine maker Siemens Gamesa signed an innovative €600 million bank guarantee line to cover the component construction for the world's largest offshore wind farm, with the premium on the deal used to finance a cancer research project.

• Coalition of 42 global faith groups divest from fossil fuels

  18 May 2020

  Over 40 religious institutions with more than £1.1 billion ($1.3 billion) in assets under management have agreed to divest from fossil fuel companies, in the largest ever joint announcement by faith organisations.

• Nomura pursuing improvements in Japanese impact reporting

  18 May 2020

  Nomura is planning to engage more with Japanese listed companies to ask them to disclose sustainability information, according to the manager of its Global Sustainable Equity fund.

• S&P Global ESG Scores launched

  18 May 2020

  S&P Global has increased its presence in the increasingly competitive ESG data market, with the launch of its proprietary 'S&P Global ESG Scores'.

• Unédic issues largest ever social bond

  18 May 2020

  Unédic, France's unemployment insurance management body, has launched the world's largest ever social bond, raising €4 billion ($4.3 billion) to support its response to the Covid-19 pandemic.

• SUSI Partners raises €289m at energy efficiency fund close

  18 May 2020

  Swiss asset manager SUSI Partners secured €289 million ($313 million) in investor commitments on the final close of its second energy efficiency fund, slightly short of its target following the economic turmoil wrought by the coronavirus (Covid-19) crisis.

• IBRD launches first sustainable development bond impact report

  15 May 2020

  The International Bank for Reconstruction and Development (IBRD) has published its first impact report covering all bond issuances and the entire portfolio of IBRD's development activities.

• Green investor group hails Equinor climate resolution progress

  15 May 2020

  Support for a shareholder resolution demanding Norwegian oil company Equinor to set carbon intensity targets more than doubled, but majority owner, the state of Norway, kiboshed the proposal.