News

• EDF signs ‘sustainable’ RCFs worth a combined €600m

  22 July 2019

  EDF has agreed two ‘sustainability-indexed’ revolving credit facilities (RCFs) worth a combined €600 million ($673 million).

• People Moves: SEB, Crédit Agricole, Amundi, BNP Paribas, RLAM, SIF

  19 July 2019

  Kaminker departs SEB, Crédit Agricole hires former HSBC head and more

• Members of UK taskforce on greening supply chains announced

  19 July 2019

  The members of the UK's Global Resource Initiative (GRI) taskforce have been revealed, as they met for the first time to discuss how the country can green its international supply chain.

• Sweden plots 2020 green bond issuance

  19 July 2019

  Sweden’s government has unveiled plans to issue a green bond next year, following a lengthy process of deliberation about whether to enter the market.

• BlackRock launches low-carbon ESG funds for UK pension schemes

  18 July 2019

  The world’s largest asset manager, BlackRock, has launched two new environmental, social and governance (ESG) themed authorised contractual scheme (ACS) funds that aims to reduce the carbon exposure of their portfolios by 50%, compared with their parent index. The funds were launched as a response to growing demand from UK pension schemes, BlackRock said.

• Allianz X, DWS invest in ESG data provider Arabesque S-Ray

  18 July 2019

  Allianz X, the digital investment unit of Allianz Group, has led the series A funding round for Arabesque S-Ray, a provider of environmental, social, and governance (ESG) data.

• Include proxy voting in Morningstar sustainability ratings, Pax urges

  18 July 2019

  Morningstar should include in its sustainability ratings information on how funds vote their shares in line with advice from proxy voting firms, Pax World Funds has said.

• UNEP FI & EBF to form working group on taxonomy guidelines for banks

  17 July 2019

  The UN's Environment Programme Finance Initiative (UNEP FI) and the European Banking Federation are looking to form a working group to set voluntary guidelines for banks, based on the EU taxonomy of climate-related activities.

• Bonds round-up: Scotiabank, Berlin Hyp, San Diego, Bogota, Greenko

  17 July 2019

  Scotiabank issues inaugural green bond, Berlin Hyp returns with fourth Green Pfandbrief and more

• MJ Hudson buys ESG consultancy Spring

  17 July 2019

  Asset management adviser MJ Hudson has become the latest company to buy into the environmental, social and governance (ESG) advisory space, having acquired specialist ESG consultancy and reporting firm Spring Associates Responsible Investment Service.