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billion) in greenbonds, with proceeds aimed at financing green projects at the company including renewable energy and decarbonization solutions. Equinix issued its updated Green Finance Framework earlier this year, detailing eligible use of proceeds from greenbond offerings. billion (USD$1.21
Provincially owned Ontario Power Generation has adopted a greenbond framework that includes nuclear power – a first for the electricity utility. . The move followed a controversial decision in the European Union to classify natural gas and nuclear investments as green. . But does that make them objectively green?
International asset manager Robeco announced the launch of the High Income GreenBonds strategy, investing in high yielding greenbonds by corporate issuers globally. Kohler added: “Robeco’s High Income GreenBonds strategy is our first strategy focusing purely on greenbonds from corporate issuers.
(“O-I Glass”, “O-I” or the “Company”) announced that the Company has completed full allocation of the proceeds from its second round of GreenBond offerings to advance the company’s climate-change strategy. launched private GreenBond offerings of $690 million and €600 million, respectively. and OI European Group B.V.
So how long will it be until crypto earns its green credentials? Green investments are assets like bonds that pay for projects with positive environmental and social outcomes. The post The crypto industry was supposed to decarbonize by 2025 - how’s that going? This story originally appeared in The Conversation.
Railroad company Union Pacific announced today the completion of a $600 million greenbond issuance, with proceeds aimed at funding its decarbonize and emissions reduction investments. Union Pacific recently released its Green Financing Framework, outlining eligible categories from investment from its issuances of greenbonds.
Tokyo-based banking and financial services company Mizuho announced today an €800 greenbond issuance, its largest to date, and the largest euro-denominated greenbond issued by a financial institution. The post Mizuho Issues €800 Million GreenBond to Finance Environmental Projects appeared first on ESG Today.
million pounds of plastic from flights; KKR, ECP to invest $50 billion in datacenter capacity and power generation; law firms ramp up ESG training for lawyers; capital raises for sustainable heating, industrial decarbonization, energy sector emissions solutions, and more.
Goldman Sachs Asset Management announced today the launch of the Goldman Sachs Global GreenBond UCITS ETF, a new Article 9 fund tracking a bespoke index developed with Solactive, tracking the performance of investment-grade bonds denominated in G10 currencies.
Chemicals and materials science giant Dow announced today the completion of its inaugural greenbond offering, raising over $1.2 billion to support the company’s decarbonization and circular economy strategies, including the construction of a new net zero emissions chemical plant in Canada.
If the criteria are met, the premiums earned by Allianz from the transaction are held in certified greenbonds, Schottmayer added, creating “a full-circle benefit: we issue bonds that ensure low-carbon project’s success, and we fuel the sustainable transition of the overall economy.”
Food and beverage giant PepsiCo announced today the completion of a new greenbond offering, raising $1.25 The announcement marks PepsiCo’s second greenbond offering, following its inaugural $1 billion issuance in 2019. Billion GreenBond to Fund Ag and Value Chain Sustainability Projects appeared first on ESG Today.
While 2024 issuance remained flat year-over-year at $1 trillion, however, sustainable bond volumes underperformed strong growth in the overall bond market in the year, with share of global issuance declining to 11% from 15% in the prior year. Moodys noted that even as the new U.S.
Now, as the utility charts its way toward decarbonization, this facility gives it a key KPI target to aim for. In fact, Mather expects the SLL market to grow many times bigger than the greenbond market, which because of its higher costs has failed to become the financial mechanism it could have become. Carrot and stick.
This week in ESG news: EU Council approves delay of sustainability reporting regulations; ING becomes first major bank with approved science-based financed emissions targets; PwC study finds vast majority of companies are keeping – or raising – climate goals; SEC walks away from climate reporting requirements; Airbus commits to build hydrogen-powered (..)
Union Pacific Corporation has issued a $600 million greenbond offering to fund investments aimed at decarbonizing the company's footprint and achieving set emissions reduction targets. The post Union Pacific Issues $600M Bond Offering to Decarbonize Locomotives appeared first on Environment + Energy Leader.
UAE-based renewable energy-focused developer Masdar announced today that it has raised $750 million in its inaugural greenbond offering, with proceeds aimed at financing its buildout of new “dark green” renewable energy projects. ” Demand for the offering was strong, with the order book reaching $4.2
Union Pacific Corporation has issued a $600 million greenbond offering to fund investments aimed at decarbonizing the company's footprint and achieving set emissions reduction targets. The post Union Pacific Issues $600M Bond Offering to Decarbonize Locomotives appeared first on Environment + Energy Leader.
UAE-based clean energy-focused developer Masdar announced today a new agreement with France-based energy company TotalEnergies, to assess the development of a commercial green hydrogen to methanol to Sustainable Aviation Fuel (SAF) project in Abu Dhabi.
This week in ESG news: SBTi publishes first draft of new corporate net zero standard; Canadas new PM cancels consumer carbon tax; Amazon launches service to sell carbon credits to companies; UBS pushes back net zero goals after acquiring Credit Suisse; BlackRock enhances sustainability characteristics for funds ahead of new regulations; global accounting (..)
Moody’s forecasts the GSSS bond market to grow 10% in 2023 to issuance of $950 billion, after declining 18% in 2022 to $862 billion, from a record $1.05 The post Corporate Decarbonization, Supportive Policy to Drive 2023 Rebound in Sustainable Bond Market: Moody’s appeared first on ESG Today. trillion in 2021.
billion greenbond to build new net zero chemical plant, and more. Billion GreenBonds to Fund New Net Zero Chemical Plant Private Equity & Venture Capital Industrial Decarbonization Startup Celadyne Raises $4.5 Billion to Build Gigafactories Across Europe Dow Issues Inaugural $1.25
This week in ESG news: EU fails to pass environmental & human rights sustainability due diligence law; Singapore to introduce mandatory sustainability reporting; Deutsche Bank launched new sustainable finance framework; Senior execs say sustainability drives better revenues, profitability, IBM survey finds; IAG signs one of largest-ever sustainable (..)
Major Emitters Progressing on Climate Goals, But Lagging on Decarbonization Strategies: CA100+. Switzerland Issues Inaugural $766 Million GreenBond. See below for the highlights of the past week, and get all your ESG news at ESG Today: Sustainability Goals, Initiatives and Achievements. Government & Regulators.
Global media and communications company announced today its first greenbond offering, raising $1 billion, with proceeds from the 10-year bond aimed at supporting the company’s environmental sustainability goals, including its target to be carbon neutral by 2035. Ramirez & Company, Inc.,
The Net Zero on Campus: From Principles to Action initiative, a collaborative effort between SDSN, the Climateworks Centre, and Monash University, aims to facilitate the sharing of lessons and resources to accelerate the decarbonization of university campuses around the world. What were the key success factors in implementing the case study?
This week in ESG news: IBM study shatters “myth” that ESG harms profitability; PwC boosts nature and biodiversity capabilities; Starbucks certifies 3,500 environmentally sustainable stores; Hong Kong to require all issuers to report on climate; EU lawmakers adopt rules tackling deforestation in supply chains; Schneider Electric launches (..)
In addition to volume growth, S&P also anticipates an expansion in bond types, with a more prominent presence for transition and blue bonds, even as greenbonds continue to dominate. For 2024, the report forecasts GSSSB issuance volumes of $0.95 trillion to $1.05 trillion, growing slightly from $0.98
This week in ESG news: EU regulator calls for sustainability disclosure requirements for all financial products; UK to require SAF on flights from 2025; KLM plans hydrogen-powered flight; Airbus and partners launch $200 million sustainable aviation fuel fund; U.S.
By bond type, greenbonds continued to dominate the GSSS market at 60% of volumes, with issuance rising 26% quarter-over-quarter and 3% year-over-year to $169 billion, with strong performance from nonfinancial corporate issuers and sovereigns at $61 billion and $53 billion, respectively.
This week in ESG news: ING ends financing for companies developing new oil and gas projects; Deloitte launches sustainability and AI workforce upskilling academies; MSCI launches carbon credit ratings; report finds companies are quietly accelerating climate action; Apple reduces carbon footprint of iPhone; investor coalition calls for mandatory climate (..)
Mizuho Issues €800 Million GreenBond to Finance Environmental Projects. CIP Raises €3 Billion for Industrial Decarbonization-Focused Energy Transition Fund. Moody’s Transfers Sustainable Debt Opinion Service to Ratings Agency, Proposes new Assessment Framework. Private Equity & Venture Capital. Energy Transition.
Data-Driven Research and Monitoring: The firm will continue to analyze carbon emissions, carbon intensities, decarbonization metrics and targets, capital expenditure and transition plans, and track the rolling carbon footprints of its committed portfolios while also monitoring other relevant climate-related metrics.
1, 2021, Fifth Third Bancorp settled the issuance of its inaugural GreenBond for $500 million. The proceeds will fund green projects that align with the Company’s sustainability priorities, as outlined in the Fifth Third Bancorp Sustainable Bond Framework.
Moody’s anticipates that volumes may bottom out in the region in 2024, with tailwinds from incentives from the Inflation Reduction Act driving increases in green technologies, although the report also notes uncertainty from the upcoming U.S. election on federal climate policy clouding the issuance outlook.
Sustainable Finance Ericsson Issues Inaugural €500 Million GreenBond to Fund Network Energy Efficiency Initiatives Private Equity & Venture Capital Sustainable Building Tech Startup Vizcab Raises $5.5
Deutsche Bank Ties Senior Exec Compensation to Loan Book Decarbonization Goals Private Equity & Venture Capital Carbon Accounting and Management Startup Greenly Raises $52 Million Fullerton Fund Management Raises $100 Million for Decarbonization Opportunities-Focused Private Equity Fund KKR Acquires Majority Stake in U.S.
Its plan consist of two approaches, firstly to lower the emissions of its own operations by decarbonizing the steelmaking process, and secondly to provide steel products and solutions that help its customers reduce their emissions.
Iberdrola currently has almost €20 billion of outstanding greenbonds, and more than 96% of its €20 billion credit line portfolio is now sustainability-linked.
The ensuing conversations — and, no doubt, many more to come — are a continuation of the learning journey I’ve been on for the past few years, seeking to understand the role of the financial sector in advancing sustainability solutions and a clean, decarbonized economy. Even still, last week’s conversations were a real eye-opener.
greenbond issuance to be used to finance renewable energy projects. renewables platform to drive decarbonization across all industries, while fueling economic growth and job creation in those communities where we own and operate these facilities.” GW including wind, solar and batteries.
Italian energy company Eni announced today the completion of a €2 billion sustainability-linked bond (SLB) issuance, its first SLB offering dedicated to retail investors in Italy, with cost of debt tied to the company’s renewable energy and decarbonization goals. Recent strong issuances include SLBs from Air-France KLM and SK Hynix.
Truck Builder Scania Sets 2030 Goal to Decarbonize Supply Chain. Volvo, Rio Tinto Announce Low Carbon Materials and Decarbonization-Focused Partnership. McKinsey, Microsoft Partner on End-to-End Decarbonization Solution. Nordea Issues First-of-its-Kind Bond to Fund Climate-Focused Sustainability-Linked Loans.
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