News

Telefonica Germany takes out €750m sustainability-linked loan

Telefonica Germany has agreed a €750 million ($835 million) revolving credit facility with a syndicate of three banks, the margin on which will be determined by the company's performance on sustainability criteria.

BoE widens climate risk stress test to banks

The Bank of England (BoE) has outlined proposals to stress test banks and insurers on climate risk as part of its 2021 testing round.

EU member states officially endorse Taxonomy proposals

EU member states have today officially endorsed the Taxonomy to define what constitutes a 'green' investment, which was agreed earlier in the week.

Bonds round-up: NYCHDC, Norske Tog, Shimizu Corp., EBRD and more

Climate Change Committee presses new UK government to lead ahead of COP26

Mutual trusts 'lack engagement policies'

Pension scheme master trusts are reported to be giving attention to environmental, social and governance (ESG) issues in their asset allocations, but remain lacking when it comes to the stewardship of their investments.

Standard Chartered to exit three more coal projects amid tighter restrictions

Etex receives €600 million sustainability loan

Belgian building materials supplier Etex has agreed a €600 million sustainability loan with a syndicate of ten banks, to be set up by BNP Paribas Fortis.

Just 30% of EU pension schemes have ESG risk management strategy - EIOPA

Only about 30% of occupational pension schemes in the EU have a strategy to manage environmental, social or governance (ESG)-related risks to their investments, a stress test by the European regulator has shown.

China to see ESG grow in importance in 2020 - Morgan Stanley

Environmental, social and governance (ESG)-themed analysis of shares in China-based companies is likely to grow significantly next year, according to Morgan Stanley.