News

• BNP signs £50m sustainability-linked loan for housing association

  24 July 2019

  BNP Paribas has announced its fourth sustainability-linked loan of the year. The interest rate on the five-year £50 million ($62 million) revolving credit facility for UK housing association Optivo will be determined by the organisation's success in meeting certain social impact goals.

• ‘Watershed moment’ for NGFS as international standard setters join

  24 July 2019

  The Basel Committee on Banking Supervision (BCBS) and the International Association of Insurance Supervisors (IAIS) have agreed to become observers of the Central Banks and Supervisors’ Network for Greening the Financial System (NGFS).

• SAM launches green bond fund to 'complete' sustainability range

  23 July 2019

  Santander Asset Management (SAM) has launched a green bond fund to 'complete' its sustainable investment funds range.

• SUSI hits second close of SEEF II at just under €150m

  23 July 2019

  SUSI Partners has reached a second close its SUSI Energy Efficiency Fund II (SEEF II) at €148.6 million ($166.6 million). It has a final close target of €300 million and is expected to stay open for at least the rest of the year.

• Schroders unveils energy transition fund

  23 July 2019

  Schroders has launched a fund it claims will help it tap into a $120 trillion energy transition investment opportunity.

• EU carbon market update, 22 July 2019

  22 July 2019

  EU allowances (EUAs) ultimately ended last week little changed at €28.85, a gain of just 3c on the previous week. However, the week remained volatile; following new highs on Monday, the market fell away through much of the week before a Friday rally brought it back into positive territory.

  

• Global Commission on Adaptation urged to develop climate risk tools

  22 July 2019

  The Global Commission on Adaptation (GCA) has been urged to consider funding the development of climate data risk analysis tools for investors, in a report that says it could help solve one of the biggest barriers to investment in climate adaptation measures.

• Environmental Finance launches ESG data guide

  22 July 2019

  Environmental Finance has launched its Guide to ESG data providers, detailing more than 100 products from the main ESG data companies from across the world.

• Cubico raises €75m for renewables projects refinance in Italy

  22 July 2019

  Cubico Sustainable Investments has raised €75 million ($84 million) in debt for the refinancing of 27.4MW of 14 renewables projects in Italy.

• Gordon appointed first CEO of UK's Impact Investing Institute

  22 July 2019

  Sarah Gordon will be the first CEO of the newly formed Impact Investing Institute, which was launched last month to look for more effective ways for investors to combine financial returns with a social purpose.