A New Chapter for Arkolia Mirova and BNP Paribas Asset Management have jointly invested over €200 million in Arkolia, a leading French renewable energy developer. Each acquired an equal stake...
BNP Paribas’ Shift Towards Sustainable Investing In a November strategy update, BNP Paribas Asset Management announced it would cease investments in new bonds issued by oil and gas exploration and...
Supporting Clean Technology Innovation The Wells Fargo Innovation Incubator (IN²), co-administered by the U.S. Department of Energy’s National Renewable Energy Laboratory (NREL), has announced three new startups for its 14th...
Leadership Transition at HSBC HSBC has announced the appointment of Julian Wentzel as Interim Group Chief Sustainability Officer, effective January 1, 2025. Wentzel, currently Head of Global Banking for the...
The Bahamas has unlocked more than $120 million to fund the conservation and management of its oceans and mangroves through a debt swap financed by Standard Chartered and backed by...
What’s happening: The ADB has approved a $500 million policy-based loan to strengthen the Philippines’ efforts to tackle climate change. This loan supports the Philippines’ Climate Change Action Program (CCAP)...
Why it matters: As regional economies face increasing pressure to meet global climate targets, there’s a critical demand for leaders skilled in sustainable finance. The Monetary Authority of Singapore projects...
Equinix, Inc., the world’s digital infrastructure company, has strengthened its commitment to sustainability by issuing an additional €1.15 billion in green bonds. Following over $750 million issued in September 2024,...
COP29, held in Baku, Azerbaijan, concluded after intense negotiations. While the summit delivered key agreements, divisions and frustrations underscored the challenges of addressing the global climate crisis. Here’s a comprehensive...
Record Demand for Iberdrola’s Hybrid Green Bond Iberdrola has successfully placed an €800 million hybrid green bond in the Euromarket, as reported to Spain’s National Securities Market Commission (CNMV). The...
A contested proposal The Azerbaijani presidency at COP29 revealed a draft plan urging wealthy nations to lead a $250 billion annual financing initiative by 2035. This figure, termed the “new...
Accelerating the Environmental Transition At COP, Societe Generale reaffirmed its commitment to advancing the environmental transition. The bank’s new €500 billion sustainable finance target for 2024–2030 includes €400 billion in...
Details of the Transaction The European Commission raised €7 billion in its 10th syndicated bond transaction of 2024, with €3 billion allocated as NextGenerationEU (NGEU) Green Bonds. The issuance included:...
$1.48 Billion GAIA Platform Launched to Address Climate Finance Gaps At COP29, FinDev Canada, MUFG Bank, Green Climate Fund (GCF), and Climate Fund Managers signed a Memorandum of Understanding to...
A Milestone for Green Energy At the COP29 World Climate Conference in Baku, Azerbaijan, Indonesia announced a €1.2 billion green funding agreement with German state development bank Kreditanstalt für Wiederaufbau...
The International Sustainability Standards Board (ISSB), under the IFRS Foundation, has published a new guide to aid companies in identifying and disclosing material information related to sustainability risks and opportunities....
Ingka Group, the largest IKEA retailer, is investing €1.5 billion to accelerate its transition away from fossil fuels. This move contributes to the company’s goal of reducing its climate footprint...
Amanda Young, former Chief Sustainability Officer at Abrdn, has joined the Global Ethical Finance Initiative (GEFI) as a Senior Advisor. With over a decade of experience in sustainability and responsible...
The International Chamber of Commerce (ICC) and Sage have released a global report unveiling a $789 billion green finance opportunity for small and medium-sized enterprises (SMEs). Despite this vast potential,...