Category: Sustainable Finance
Boston Metal, a company developing technology to fully decarbonize steel production, announced the $120 million first close of Series C fundraising led by multinational steel company, ArcelorMittal S.A.. Microsoft’s Climate...
The European Investment Bank (EIB) and the Greek authorities have announced €900 million in new financing agreements that will support priority investments in high-impact, large scale projects across the country,...
Ghana has become the second country in Africa after Mozambique to receive payments from a World Bank trust fund for reducing emissions from deforestation and forest degradation, commonly known as REDD+. The...
The European Investment Bank (EIB) has granted a €150 million loan to Österreichische Hotel- und Tourismusbank (ÖHT). It will be paid out in several tranches and go towards supporting small and...
Shareholder resolutions filed by New York City’s top pension official will ask top Wall Street banks including JPMorgan Chase & Co and Bank of America to set stricter 2030 greenhouse gas emissions...
The European Investment Bank and Cassa Depositi e Prestiti have signed a new €200 million agreement to stimulate the investments of local authorities and public sector entities across Italy, aiming to...
The Indian government expects to issue its first green bonds at a ‘greenium,’ with yields below prevailing market rates, and has identified 400 billion rupees ($4.92 billion) in projects that...
The European Central Bank has published a first set of climate-related statistical indicators to better assess the impact of climate-related risks on the financial sector and to monitor the development of...
Hire represents BPM’s commitment to supporting clients’ ESG journeys BPM LLP, one of the 40 largest public accounting and advisory firms in the country, announces the addition of Tiffany Huey as Senior...
The OPEC Fund for International Development is providing a US$120 million loan to Panama to support the country’s climate action, adaptation, resilience and mitigation policies. The “Panama Support Program for...
The UK government is close to agreeing a £300 million ($372 million) package to help British Steel cut its carbon emissions and prevent thousands of job losses. The funds would...
Eni S.p.A. announces that the gross annual nominal interest rate of its first sustainability-linked bond dedicated to public in Italy has been set at 4.30%. The offer of the Bond,...
U.S. Bank announces the hire of Guillaume Mascotto as the company’s head of Sustainable Finance. In this new leadership role, Mascotto will build and lead a new team focused on...
United Arab Emirates renewable energy company Masdar will publish its first green finance framework within weeks, enabling it to issue its first green bonds, its chief executive said on Thursday....
Iberdrola has surprised the market once again. The company has set the terms and conditions of a new hybrid green bond, amounting to €1 billion, as reported to the National Securities Market Commission...
Fidelity Investments will commit $250 million to a new education initiative to support up to 50,000 underserved minority students with scholarships and mentorship programs in the next five years. The Invest...
The World Economic Forum, supported by more than 45 partners launched the Giving to Amplify Earth Action (GAEA), a global initiative to fund and grow new and existing public, private...
Two of Melbourne’s most successful startup founders have joined forces to back climate-focused fintech, Bloom Impact Investing. Euphemia, the family office of Up co-founder Dominic Pym, together with Envato founders...
Power Capital Renewable Energy, Ireland’s leading solar Independent Power Producer (IPP), announces the closing of an up to €240 million construction equity facility with a consortium of lenders managed by Eiffel...
The European Commission has approved, under EU State aid rules, a €1.1 billion Danish scheme to support the roll-out of carbon capture and storage technologies. The measure contributes to the...
The PNC Financial Services Group, Inc. announced the expansion of its environmental finance commitment to $30 billion. The bank initially announced in August 2021 a commitment of $20 billion over five years in support of...
The World Bank has approved US$100 million in financing to support Barbados’ low carbon economic development and resilience to climate change. “I cannot underscore enough the necessity of support, such...
The World Bank recently approved a US$15 million in credit from the International Development Association (IDA), the World Bank’s program for the poorest countries, to help expand access to affordable housing...
Japan’s Ministry of Finance is considering issuing green transition bonds in the second half of next fiscal year from April, as part of plans to push climate change efforts, a...
A Dozen Selected Projects Will Develop Advanced EV Batteries that Charge Faster, Have Greater Efficiency and Resilience, and Boost Consumer Confidence Against Range Anxiety The U.S. Department of Energy (DOE)...
SK Hynix Inc. announced that it successfully issued a Sustainability-Linked Bond (SLB) with a total amount of USD 1 billion. “The company is highly encouraged by the large-scale investment even...
Global Fintech leader will employ Syndio’s analytics platform to better measure, achieve and prove meaningful and lasting equity in the workplace Syndio, the world’s leading workplace equity analytics platform, announced...
Islamic Development Bank Group (IsDB) President and Group Chairman, H.E. Dr. Muhammad Al Jasser, announced a US$4.2 billion IsDB Group commitment to support Pakistan’s climate resilience efforts and development agenda and the country...
The World Bank priced a new 5-year CAD 1 billion benchmark that matures on January 18, 2028. The World Bank launched the Sustainable Development Bond while raising awareness for the...
As announced in the Union Budget 2022-23, Government of India, as part of its overall market borrowings, will be issuing Sovereign Green Bonds (SGrBs), for mobilizing resources for green infrastructure....
Abu Dhabi, UAE – January 5, 2023: ADNOC, a reliable and responsible provider of lower-carbon intensity energy, today announced a bold new strategy to progress the world-scale decarbonization of its operations. ...
The world’s leading recruiter PageGroup. which operates globally as Michael Page, Page Personnel, Page Executive and Page Outsourcing, has signed an £80 million sustainability Club Deal facility led by BBVA....
Air France-KLM is turning to a much-debated part of the ethical bond market to repay state aid that helped it weather the coronavirus pandemic. The airline is presenting its sustainability-linked financing framework to...
India has approved an incentive plan of 174.9 billion rupees ($2.11 billion) to promote green hydrogen in a bid to cut emissions and become a major exporter in the field,...
The World Bank is seeking to vastly expand its lending capacity to address climate change and other global crises and will negotiate with shareholders ahead of April meetings on proposals...
Hong Kong aims to raise up to the equivalent of $5 billion in a dollar, euro and offshore Chinese yuan green bond issuance, sources with direct knowledge of the matter...
Taiwan’s central bank said on Friday it would begin incorporating climate change risks into its modelling and forecasts for inflation and economic growth and adapt monetary policy to promote sustainable...
Save®, a fintech company that helps people earn higher yields on their spending and savings, announced today that it has added a new Environmental, Social, and Governance (ESG) portfolio that...
Clean Energy Fuels Corp., the largest provider of the cleanest fuel for the transportation market, announced that it entered into a four-year $150 million sustainability-linked senior secured term loan with...
Guess?, Inc. announced that it has expanded its access to capital in North America. The Company has entered into a $150 million senior secured asset-based revolving credit facility with a...
India is planning a $2 billion incentive program for the green hydrogen industry, three sources told Reuters, in a bid to cut emissions and become a major export player in...
Broxel, a leading FinTech company in Latin America, released its first emissions report as part of the company’s commitment to become carbon neutral. The inaugural report includes Scope 1, 2, and...
Banner Corporation (NASDAQ GSM: BANR) the parent company of Banner Bank, today announced that the Bank has published its inaugural Environmental, Social and Governance (“ESG”) Highlights Report. The Bank created...
The project entails the design, construction, and operation of a greenfield solar photovoltaic (PV) plant with a capacity of 100 megawatts under a Build, Own and Operate (BOO) scheme The...
The European Investment Bank (EIB) and Iberdrola have signed a new agreement to accelerate Portugal’s energy transition via the development of new renewable energy plants. The EU bank will provide a €70 million...
A one-stop-shop will offer Brazilian firms easier options to reduce their carbon footprint The World Bank Board of Directors approved a US$500 million project to expand sustainability-linked finance and strengthen...
Ford Motor Company reported first-year actions guided by the sustainable financing framework the company launched in November 2021. The Sustainable Financing Report 2022 highlights how the net proceeds from the company’s inaugural...
Spain will receive almost €869 million from the Just Transition Fund (JTF) following the adoption of the Just Transition Programme and its Territorial Just Transition Plan (TJTP). The funding will help the...
The EIB will provide a €120 million loan to Cosentino Group, a global leader in the design and manufacture of innovative and sustainable surfaces. With the support of the EU bank,...
First Abu Dhabi Bank (FAB), the UAE’s largest bank and one of the world’s largest and safest financial institutions, has launched a new sustainability-linked current account for corporate clients, extending...
Existing and prospective electricity customers in Chad, Liberia, Sierra Leone, and Togo will benefit from the new Regional Emergency Solar Power Intervention Project (RESPITE) approved for a total amount of...
The European Commission has approved, under EU State aid rules, the modification of a German scheme to support the production of electricity from renewable energy sources. The scheme reflects a...
Deep in the woods of Värmland, in the town of Säffle, the European Investment Bank (EIB) is financing a new, highly innovative project: a large-scale, sustainable land-based fish farm to...
Strategists at UK bank NatWest have proposed the idea of a super-sized $10 billion Brazilian government bond that would be specifically designed to help halt the destruction of the Amazon...
Funding Will Advance Electrolysis Technology, Drive Down Clean Hydrogen and Fuel Cell Costs, Provide Long-term Support for Hydrogen Hubs and Other Industry Deployments The Biden-Harris Administration, through the U.S. Department...
Chevron New Energies, a division of Chevron U.S.A. Inc., and Svante announced that Chevron is the lead investor in Svante’s Series E fundraising round, which raised $318 million that will...
The European Commission and the European Bank for Reconstruction and Development (EBRD) have signed an InvestEU guarantee agreement worth up to €450 million. The agreement will unlock EBRD finance of up...
Following the announcement in February 2022 of Barclays’ strategic priority to capture opportunities from the transition to a low-carbon economy, Barclays has been investing its own capital and facilitating sustainable...
The European Investment Bank (EIB), the bank of the European Union, will lend €790 million to the Czech energy utility company ČEZ. The loan will fund the expansion of the national...
The SEFA grant complements existing facilities to mitigate the high risk associated with drilling activities and help attract commercial debt capital to finance the project The Board of Directors of...
Coast to Coast Agrivoltaic Research Projects Will Enhance Economic Opportunities for Farmers and Reduce Barriers to Solar Energy Adoption in Rural Communities The U.S. Department of Energy (DOE) announced $8...
The World Bank (International Bank for Reconstruction and Development, IBRD, AAA/Aaa) issued an IDR 400 billion (USDeq. 25 million) 5-year Sustainable Development Bond due December 2027. This transaction is part...
Freight mobility technology company Einride announced it has secured $500M in financing, including both a Series C equity raise and a debt facility. The debt financing, which is the largest asset-backed facility...
The Asian Infrastructure Investment Bank (AIIB) and the Industrial Development Bank of Türkiye (Türkiye Sınai Kalkınma Bankası A.Ş. or TSKB) have signed a USD200-million on-lending facility to contribute to the...
Finastra research reveals that views on Open Banking in the United States have matured over the last year, with 68% of respondents considering it either a ‘must have’ or ‘important’, up from 48%...
The Singapore Green Finance Centre (SGFC), an initiative of Singapore Management University (SMU) and Imperial College London, whose partners include Bank of China, BNP Paribas, Fullerton Fund Management, Goldman Sachs, HSBC,...
OneNexus Forms New Distribution Entity and Names President; Inks Definitive Funding Agreement with Munich Re; Appoints Lockton Companies, LLC as Exclusive Referral Partner OneNexus LLC, the industry’s leading financial risk...
The Commission has adopted all five Polish Operational Programmes with Territorial Just Transition Plans (TJTPs). These TJTPs are worth more than €3.85 billion under the Just Transition Fund (JTF) to support a just...
Emirati retail conglomerate Majid Al Futtaim said on Monday it had raised a $1.25 billion revolving credit facility linked to the company’s ESG goals. First Abu Dhabi Bank led the...
The European Investment Bank and RLB NÖ-Wien will support investments in small and medium-sized renewable energy and energy efficiency projects in Austria. The EIB will make a framework loan of...
Germany has pledged 82 million euros ($86 million) to Ghana in grants to support renewable energy and financial sector development, Ghana’s finance ministry said in a statement late on Thursday....
The World Bank has approved $250 million financing to help Bangladesh strengthen environment management and promote private sector participation in green investment. The Bangladesh Environmental Sustainability and Transformation (BEST) Project will support...
Asset managers have the opportunity to meet asset owners’ growing demands for sustainable investment practices, products and reporting, according to new research by the Morgan Stanley Institute for Sustainable Investing. The...
New Deloitte survey of 300 senior finance, accounting, legal and sustainability leaders highlights increased preparations and planned investments underway to address challenges and growing expectations for high-quality reporting Why this mattersSustainability and...
The World Bank (International Bank for Reconstruction and Development, IBRD, Aaa/AAA) issued an AUD 50 million 15-year Sustainable Development Bond while engaging with investors on the World Bank’s strategy, projects,...
Image: Perito Moreno Glacier, Los Glaciares National Park, Argentina. Source: I, Luca Galuzzi, CC BY-SA 2.5, via Wikimedia Commons The Inter-American Development Bank (IDB) has approved a $500 million credit...
Promoting the circular economy through the production of eco-friendly panels and 100% green furniture is the main objective of the European Investment Bank (EIB)’s €115 million loan to the Saviola...
Tetra Tech, a leading provider of high-end consulting and engineering services, announced that the U.S. Agency for International Development (USAID) has awarded the Company a $72.5 million, single-award, five-year contract...
The package comprises up to €100 million from the African Development Bank and up to €25 million from the Africa Growing Together Fund The Board of Directors of the African...
Deutsche Post DHL Group integrated sustainability targets into its business strategy at an early stage and is now taking it a step further by allowing to link the Group’s sustainability...
BEQUANT acquisition strengthens CrossTower’s institutional market presence with 600 professional clients generating over $400 billion of yearly turnover The ESG Crypto Fund will invest in companies demonstrating social and governance accountability while...
Singapore Exchange (SGX Group) has launched a new initiative to identify green, social and sustainability fixed income securities that meet recognised standards. The SGX Sustainable Fixed Income initiative allows investors...
Bank of Japan (BOJ) Deputy Governor Masayoshi Amamiya said on Sunday the central bank will conduct a survey annually of financial institutions and companies, seeking ways to nurture the country’s...
Bitgreen joins the mission by aiming to raise $10M in debt financing through its blockchain platform for the Betmai Hydroelectricity Facility backed by Sewa Energy Resources, the Rockefeller Foundation, Bezos...
Garanti BBVA has renewed a $400 million syndicated loan in separate tranches of $155 million and €238.5 million maturing at 367 days. The syndicate of international lenders comprises 23 banks...
Chris Caldwell of United Renewables in Conversation with Tara Schmidt, of Lloyds and Bank of Scotland The Taskforce on Climate-related Financial Disclosures (TCFD) has become ‘the most powerful tool,’ for...
This week, the Central American Bank for Economic Integration (CABEI) announced plans to finance millions in EV investments in Central America. The announcement took place during their event, CABEI Business Forum 2022: Introducing...
The Biden-Harris Administration, through the U.S. Department of Energy (DOE), released a Notice of Intent announcing $550 million to support community-based clean energy in state, Tribal, and local governments — serving more...
The European Investment Bank (EIB) is providing a €200 million framework loan to support the municipality of Florence’s 2022-2027 investment plan. The planned actions will contribute to urban regeneration, the redevelopment...
Funding From President Biden’s Bipartisan Infrastructure Law Kicks Off Multi-Phased Initiative to Ensure Grid Reliability, Continued Deployment of the Nation’s Largest Source of Clean Power, and Maintain Thousands of Good-Paying...
In 2021-2027, Spain will benefit from €37.3 billion in Cohesion Policy funding to accelerate the country’s green transition, finance innovation and digitisation, increase the employment rate and improve local social...
MSCI, a leading provider of critical decision support tools and services for the global investment community, launches a new solution to support banks that seek to align with the European...
Energetic Insurance and Rabobank work to expand Redaptive’s diverse customer base with credit insurance to support $50 mln credit facility Redaptive, a San Francisco-based Energy-as-a-Service provider of energy-saving and energy-generating...
The Vice President’s visit to Thailand is reaffirming United States’ commitment to the stability, peace, prosperity, and sustainable development of the Mekong sub-region through cooperation with Mekong-region countries. In Bangkok,...
Newday Impact, a San Francisco-based asset management and financial technology company bringing authentic responsible investing to those seeking investments that reflect their values, has announced today the addition of UNHCR Goodwill...
The High Ambition Coalition organized the session titled, Putting good quality adaptation finance in the spotlight at COP27 Germany has committed €40 million to the African Development Bank Group’s Climate...
This new bilateral loan facility from KDB will support mid-term liquidity as AFC works to deliver fast and sustainable solutions to close Africa’s infrastructure gap and unleash the continent’s prosperity...
Iberdrola has tapped the fixed income market in Europe, as it did in March, successfully closing a double-tranche transaction for a combined amount of €1.5 billion: €750 million with a six-year...
Unibail-Rodamco-Westfield (“URW”) today announces the update of its Green Financing Framework, which establishes a clear framework for the financing and/or refinancing of eligible new development projects and the regeneration of...
The World Bank (International Bank for Reconstruction and Development, IBRD, Aaa/AAA) priced a 4.75-year NOK 5 billion floating rate Sustainable Development Bond due June 2027 while engaging with investors on...
